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MNB reported Friday that Costco was offering for sale an original Picasso crayon-on-paper drawing, signed and dated by the artist, for $39,999.99 – a price considered to be a bargain because Costco marks up its products far less than a traditional art dealer would.

Well, hardly had that story been posted than we saw another story saying that the painting had been sold. The buyer and the price were not disclosed.

This is actually the second Picasso marketed by Costco. It sold a similar piece of artwork for $35,000 last November.
KC's View:
And it looks really, really good on the wall of MNB World Headquarters…

Okay, we’re just kidding.

On Friday, we quoted Pablo Picasso as saying:

Success is dangerous. One begins to copy oneself, and to copy oneself is more dangerous than to copy others. It leads to sterility.

Good quote for retailers to consider. (And one that Costco clearly has paid attention to.)

But here’s another one that seems relevant:

There are painters who transform the sun into a yellow spot, but there are others who, thanks to their art and intelligence, transform a yellow spot into the sun.

The retailers we love are the ones who know how, in their own worlds, to do the latter.