Ballooning Art Prices Become 'Competitions Over Whose Penis Is Larger'

A massive three-part painting by Francis Bacon sold for $142 million this week, prompting a deluge of art market speculation. Is the art market heading to heights we've never seen before? Or are sky-rocketing prices a sign of darker times to come? Our friends at Huff Post Live gathered a few art world-ers together in one room to chat about the Bacon phenomenon and what the sale says about money in the art market. Thomas Galbraith from the online auction company Paddle8, critic Paddy Johnson from...