Your Wall St. Bailout Dollars At Work
December 03, 2009, 12:54 AM
Print Friendly and PDF
The New Criterion's article The Art Market Explained by James Panero points out that at a New York auction on November 11, 2009:
Defying expectations, even after the fall of Lehman Brothers, the price bubble that had been inflating for post-war and contemporary art refused to pop for Pop. A silkscreen by [Andy] Warhol, 200 One Dollar Bills from 1962, a large canvas of facsimiles of dollar bills arranged across it, brought in over $43 million, far exceeding the pre-sale estimate of $8–12 million ...