Diddy made history last week when he purchased the painting, “Past Times,” by renowned artist Kerry James Marshall for a record $21 million at a Sotheby’s auction—the purchase became the highest amount ever paid for a work created by a living black artist.
The move inspired artists everywhere, and furthered the call to support local artists. After all, you never know when an artist is going to become a breakout star, causing your initial investment to swell. We all remember JAY-Z's line from "The Story Of O.J."—"I bought some artwork for one million/Two years later, that shit worth two million/Few years later, that shit worth eight million…."
To that end, now Diddy's son Quincy Brown says his dad's recent big purchase is only the beginning a new venture for the billionaire mogul.
Now the art world is a different industry. That's no music industry, that's no TV film industry," Quincy explained to TMZ. "That's a whole 'nother industry. That itself should tell you a lot."
He says Diddy has accomplished so much, in so many different arenas, conquering the art world is a new challenge.
“He's done it all. What's left? Collecting art," Quincy said. "Not even because he's wealthy. He's doing the research, to step into this world and really be a big dog."