A stolen smile, a “Danish pastry,” a $13.13 royalty, and poker-playing dogs…

Good morning.

This week we went from an empty wall in Paris to a harbour in Sydney… and from a warehouse of unsold novels to a castle in the Alps.

Let’s review.

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The Week in Review

Monday 12 – Thursday 15 October

T his week. Four subjects, from four countries, and one thing they all share. Each was misjudged at first… and each found its audience later.

What We Covered

I Monday · Art The Day the Mona Lisa Vanished

On 21 August 1911, an Italian house painter named Vincenzo Peruggia walked out of the Louvre with the Mona Lisa under his smock. She was missing for more than two years. The line to keep: before the theft she was admired, and after it she was famous. Here is the face all of Paris came to miss.

 
Leonardo da Vinci, Mona Lisa, about 1503–1519
Leonardo da Vinci, “Mona Lisa,” about 1503–1519. Musée du Louvre, Paris. Public domain.
II Tuesday · Architecture The Architect Who Never Came Back

Sydney chose Jørn Utzon’s sketches in 1957, promising a building for A$7 million by 1963. Utzon resigned in 1966 and never came back. It opened in 1973, at A$102 million. The line to keep: letters to the paper called it “a Danish pastry”… and today it is the symbol of a country.

III Wednesday · Literature The Novel That Flopped

The Great Gatsby sold so slowly that in 1940, the year he died, F. Scott Fitzgerald earned $13.13 from all his books. Then the army printed about 155,000 free copies for soldiers in the Second World War. The line to keep: the audience arrived late, but it arrived.

IV Thursday · Le Mot Juste “Kitsch”

The word was born in Munich’s art market in the 1860s and 1870s, for pictures made quickly, sold cheaply and loved easily. The line to keep: kitsch is sincere, while camp is in on the joke. And the poker-playing dogs critics laughed at now sell for hundreds of thousands of dollars.

America’s new money

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Something strange is happening to your money.

It wasn't voted on. It wasn't debated in the Senate. And most Americans have no idea it's even taking place but…

Not with crypto. Not with a digital currency. Something far bigger than that – and it's already been signed and sealed in the back rooms of D.C., ready to be issued by the U.S. Treasury.

Bypassing every legal and political channel under the guise of "national security," Trump has enacted this total money reset using a landmark executive order (1421).

Whether you’re a Democrat or Republican, whether you support this new money or not, it doesn't matter.

Soon, every U.S. citizen will be forced to use Trump's New Dollar to fill their gas tank, buy groceries, and pay medical bills.

Which is why I've produced a critical new documentary laying out exactly what Trump's New Dollar means for your savings, your investments, and your family's financial future.

Detailing three important steps you can take today to prepare – including the name of a core band of assets connected to Trump’s initiative that could surge as a result.

As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.

On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, drowning in debt, with no idea how to use America’s new money to create wealth.

As Trump rolls out his new dollar, the question is:

If you’re wondering what Trump’s new money will look like, when it will be issued, what it means for your investments – all of those questions are answered in my briefing.

A Way of Looking

✦ Criticism The horizon of expectations

In 1967, the German scholar Hans Robert Jauss (1921–1997) gave a lecture at the University of Konstanz that changed how critics study books. He argued that every audience meets a work with a “horizon of expectations,” everything it already believes a novel, a painting or a building should be. When a work matches that horizon, it is welcomed at once. If it stretches that horizon instead, the first audience is often confused or hostile… and a later one may call it a masterpiece. Critics call this reception theory. In other words, a work’s value is not fixed on the day it appears. Now look back at the week. Sydney in 1957 had never seen anything like Utzon’s shells, so some readers saw only a pastry. Readers who knew Fitzgerald as the voice of the Jazz Age party were puzzled by a darker, sadder book. And kitsch shows the same process running in reverse… pictures that matched every expectation sold at once, and the critics came for them later. Next time someone dismisses a new building or book, ask one question: whose horizon is it stretching?

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For the Weekend

Worth Watching

If Monday’s story stayed with you, spend an evening with Mona Lisa Is Missing (2012). The filmmaker Joe Medeiros spent years tracing Vincenzo Peruggia’s life, using letters the thief wrote to his family, and asks whether he really did it for Italy.

Where: free to watch on YouTube.  Insider tip: Watch it with this week’s lens in mind. The crowds who cheered Peruggia in Italy in 1913 and the Parisians who called him a thief were looking at the same man… from two different horizons.  Watch on YouTube →

This Week’s Quiz Answers

Monday: The painter Louis Béroud noticed the Mona Lisa was missing, when he found four bare pegs on Tuesday morning.

Tuesday: The Sydney Opera House finally cost A$102 million, about fourteen times the original estimate.

Wednesday: The wartime Armed Services Editions printed about 155,000 free copies of The Great Gatsby for American soldiers.

Thursday: Clement Greenberg wrote “Avant-Garde and Kitsch” for Partisan Review in 1939.

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That’s all for this week.

On Monday, a spider more than nine metres tall… and why the woman who made it named it after her mother.

In good taste,
Charles T. Mayfair

Editor, Connoisseur Daily

P.S. A weekend experiment with this week’s lens: pick one thing in your home you once disliked and now love, or the other way round. Ask what changed… the object, or your horizon. It makes a very good dinner question.