The Top 400 richest USIAN's have $300 Billion more than last year . I don' know what nations the buyers were from.
The art market is booming or perhaps bubbling
Why not buy a Bacon for $147 Million it's so much more interesting than stocks but it does have to be insured & stored or displayed. It was a record for a Francis Bacon & after all the Subject matter is Lucian Freud another great painter. (I liked them both but that counts for little)
Even better still a Warhol fetched $105 million (there was a case for the Bacon that he didn't have a vast output & so desirability is based on rarity. In fact thats what a Forbes article of a few days ago pushed as a salient point behind the price of Bacon
Warhol however had a huge output & his works come up at many auctions. His Celebrity silk screen portraits fetching very high prices.
This disaster series always left me cold his green car crash sold in 2007 for $64 Million.
In many cases these works are spirited off to vaults and aren't seen until the next time they come up at auction.
People hanging out of cars mangled, people jumping from windows , the electric chair repetitive images from Tabloids or what Tabloids used to print to sell papers when their photographers ran to these sites to catch the bodies while they were fresh.
Henry Geldzahler is credited with planting the idea in Warhols head for the series.
I often wonder what the original photographs would go for?. The Boom or bubble has been going on for a year now Lots of cash refusing to go back into stocks has been gobbling up & driving up prices of many modern & Contemporary artists.
Bright shiny Koons Balloon animals Orange Balloon Dog sold for $55 Million.
I wonder what his Made in Heaven. Series are selling for graphic digital paintings of him having sex with his for porn playmate Chicollina. Ah well!
Now that China & Russia are gobbling them up too they can't talk about decadent culture!
(I have no moral ax to grind against people buying these Very Large Comics or baseball cards)