Last month, a one-of-a-kind Doruko (“skull”) ring created by the Japanese artist Takashi Murakami was serendipitously recovered from Costa de Oro, a South Beach pawn shop just steps away from the Miami Beach Police Department’s Washington Avenue headquarters. The platinum and diamond artwork, which features Murakami’s iconic smiling daisies, had reportedly been stolen from the Delano Hotel’s Florida Room back in December 2008, after the conclusion of the Art Basel satellite fair, Design Miami.
It was spotted in the shop’s window by David Tamargo, the art director at the World Erotic Art Museum, and an upstairs neighbor to Costa de Oro. Tamargo, an artist in his own right, whose Urban Hunting has been featured here in BlackBook, stumbled upon the infamous ring purely by accident. He was surprised as anyone else to see it in a pawn shop window.“First, I did a double take,” he told us. “Then I got closer to the window for a better look. Immediately I knew it was a Murakami. What I couldn’t imagine was why it was there. I mean, he’s one of the most famous artists on the planet!”
Murakami’s works are indeed collected by some of the world’s most recognizable names and generally sell for well into the six figures. Last month, at Christie’s auction house in London, a 2004 painting by the artist entitled “Skulls Rock” sold for 493,250 pounds (approximately $796, 651). According to police reports, the Dokuro ring’s value was estimated at $72,500. But neither Tamargo nor Costa de Oro’s Angel Parets knew that at the time.
“The shop owner told me he wanted $6000 for the ring,” continued Tamargo. “$6000! I couldn’t believe it! It was then that I knew something was wrong. So I immediately went upstairs and called Murakami’s New York office to tell them what I’d found.”Unfortunately it was President’s Day, and the person who answered the telephone at Murakami’s Kaikai Kiki studio told Tamargo no one was in. So he left a message with his contact information and a word about his discovery. A few days later, Tamargo learned that the ring was about to be shipped to a Tokyo jewelry expo, to be either sold or scrapped, so he tried again, this time with some urgency.
My friend from Miami and artistDavid Tamargo was in New York a week ago for the Armory Show and we got to have a drink together at the Bowery Hotel and he told me about this crazy adventure he was apart of. The beginning of the article is below. It's written by John Hood and from Black Book.
“The shop owner told me he wanted $6000 for the ring,” continued Tamargo. “$6000! I couldn’t believe it! It was then that I knew something was wrong."
Artist and crazy man David Tamargo rockin' the ring right before all went down!
The value of the ring in the photo above is estimated at $769,651. I'm sure Mr. SuperFlat is happy about Tamargo's discovery.