Thursday, November 12, 2009

Art is Money, Money is Art

Andy Warhol did Sotheby's proud. Warhol's "200 One Dollar Bills," expected to be the star of this week's contemporary art auction, sold for more than $43 million.

Over at Christie's, art consigned by Peter Brant did not sell. Star of the sale: Peter Doig's "Reflection (What does your soul look like)," which brought over $10 million.

Offhand, the take-away seems to be (1) collectors really, really like art that looks like money, and (2) hard times have made collectors more receptive to works that would not have offended Monet or Andy Wyeth.

Peter Doig's "Reflection (What does your soul look like)"

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