The auction lots may not have been surreal but the prices most certainly were. The Christie’s post war and contemporary art evening sale on Tuesday made a record $744.9 million. That’s close to a billion dollars worth of art sold in one night! If you combine the Monday and Tuesday sales there was $879,574,000 worth of art sold. An $80+ million Francis Bacon and an $84+ million Barnett Newman were the two most expensive lots to sell. How does one start a hedge fund? I think I’m in the wrong game
Here’s a few notable sales from the Christie’s auction..
I wonder if billionaire art collectors ever suffer from buyer’s remorse the day after spending $80 million on a painting? How do you explain to your wife that you just bought a $33 million dollar stainless steel train that can also hold a bottle of bourbon? You would think Jeff could have at least made it out of solid gold.