The record prices set at the Spring auctions in New York, such as the sale of Warhol’s 1964 silkscreen, Shot Sage Blue Marilyn, that sold for $195 million, diverted attention from the shocking announcement for the city to deregulate its multi-billion dollar auction...
The art world has been a secretive, opaque business for centuries. Secondary market transactions are rarely transparent and auction houses are often silent about the identity of the ultimate seller and buyer (provenances are full of phrases such as “from a private...
The digital artist known as Beeple sold an NFT for $69 million in cyptocurrency at Christie’s auction in March, 2021. The media treated this grotesque sale as if it revolutionized the art world, but if we separate reality from the hysterical hype, it clearly has not....