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.