Will The Art World Bubble Keep Going?
This week’s mega-auctions are once again reaching obscenely high prices, with a Barnett Newman selling this week at Christie’s for $84.2m and a Francis Bacon triptych (pictured) close to that. Why is there no sign of a crash? This article attempts to explain the continuing crescendo. It won’t last forever. Meanwhile, as long as billionaires have money to waste, it will. Surprised at the Newman price, though.
