Last Wednesday, Sotheby’s New York had a sale of Contemporary Art. There were about 400 lots and about a quarter or so were “bought in” — not sold — including a number of Warhols. Prices seemed tame across the lots — with a couple of exceptions.
I don’t like to criticize because my taste is just mine, but I have some trouble understanding a sale price of $338,500 for Robert Indiana’s 24″ x 24″ work called “Nine”:
I’m also a little surprised that a 24″ x 36″ x 9″ assembly by James Rosenquist entitled “Small Doorstop” took $134,500.
While what I consider to be the delightful and technically fluent “Six Flowers” by Paul Wonner could only raise $15,000.
But of course the art market has no logic, and neither should it.