After a year of bad results followed by a rebound this Fall, it seems the high art market may have recovered its old nerve. I haven’t got the details yet but I hear via Twitter that Andy Warhol’s painting of dollar bills made a phenomenal $43.7m against an estimate of $8-$12m at Sotheby’s New York tonight! That’s bizarre and shows that common sense has failed in the art market once again. Plus ca change, plus le meme chose.
Update: Here is the NYT story on the sale.
November 11, 2009 at 6:51 pm |
well there is money pouring out of the numbered Swiss Bank accounts that US citizens will soon have pay tax on. So they are busy spending it on art!
November 11, 2009 at 9:16 pm |
Wouldn’t be surprised if that is true :-)
November 12, 2009 at 10:13 am |
Unbelievable. Too bad you or I never thought of slapping a bunch of $1 bills on a piece of paper….