NYTimes: At $142.4 Million, Triptych Is the Most Expensive Artwork Ever Sold at an Auction
It took seven superrich bidders to propel a 1969 Francis Bacon triptych to $142.4 million at Christie’s on Tuesday night, making it the most expensive work of art ever sold at auction. William Acquavella, the New York dealer, is thought to have bought the painting on behalf of an unidentified client, from one of Christie’s skyboxes overlooking the auction.[more inside]
Is the high end Art market finally tanking? A week or so ago, it sure looked like it. An important van Gogh piece did not sell, Sotheby's stock price went into shock. However, all is well this week as both Christie's and Sotheby's kicked it into high gear and set some new records. [more inside]
eBay may buy Sotheby's. I can see it now: online bidding for Picassos and vintage automobiles, right next to the guy selling his old computer and the one trying to sell a kidney.