Earlier this month, someone paid a record $142 million at auction for a triptych portrait by Francis Bacon of fellow artist Lucian Freud. We offered up an explanation of how that painting in particular ended up as the new global benchmark. There may be an even simpler explanation: We are now in an era where someone will drop a hundred-million-plus for a painting in general, without much hesitation. In his profile for this week's New Yorker of the world's second-most successful art dealer, ...
Why Anyone In Their Right Mind Would Pay $142 Million For A Piece Of Art, In One Great Paragraph
Business Insider - 29 Nov 2013 16:52
Earlier this month, someone paid a record $142 million at auction for a triptych portrait by Francis Bacon of fellow artist Lucian Freud. We offered up an explanation of how that painting in particular ended up as the new global benchmark. There may be an even simpler explanation: We are now in an era where someone will drop a hundred-million-plus for a painting in general, without much hesitation. In his profile for this week's New Yorker of the world's second-most successful art dealer, ...
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