Apparently, the art market has returned.
After a year of caution on the part of collectors, recent sales in New York and London have shown a dramatic return. The other day, Sotheby’s New York sold Andy Warhol’s huge 1962 canvas 200 One Dollar Bills for $43.7 million (U.S.) – more than triple its pre-sale estimate.
THIS Toronto Star article draws a link between the international and Canadian auction markets. There are gems to be found at Canadian auctions, by the way. They are well worth visiting.
The Wall Street Journal offers a more fly-on-the-wall account of the auction HERE, noting that “fashion designer Valentino Garavani and jeweler Laurence Graff (were) among the winning bidders.”
To follow the provenance of Wahol’s “mechanical reproduction of 200 bank notes,” read THIS article from the New York Times.