The Art Market Thrives

We are currently going through the late fall sales of Modern and Impressionists, and the market seems to be as brisk as ever.  Last night’s Christie’s sale of Post-war paintings, for example, raised more than $325 million.

 

The star of the show was this piece — Hurting The Word Radio #2 — by an artist that would be obscure to most people on the street, I suspect.  Ed Ruscha‘s 1964 work sold for a remarkable $52.5 million, almost double the best price a work by this artist has seen before.

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