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Discussing these crazy prices for art I know can be quite frustrating for a lot of people. It is quite mind boggling to me also. That being said the Christie's Post-war and Contemporary evening sale reached a total of $691 million, which is a record for an auction total, and the Francis Bacon "Lucian Freud triptych" sold for $142 million, which is a record for highest price paid for a piece of artwork at auction. One piece from the sale that is another favorite of mine is by Jean-Michel Basquiat "Mad Man" as I often like seeing former graffiti artists, and graffiti/street artists for the most part do well at auction, and as contradictory as it may seem this painting on paper laid down on canvas sold for 10 million tonight.
Posted on November 12, 2013