Thursday, November 12, 2009

"The auction house said it might have been too 'intellectual'; private dealer Richard Polsky said the piece was simply overpriced."

Bottom line on the Christie's and Sotheby's art auctions: no to Basquiat, yesyesyes to Warhol. But is it "a gear-changing sign that the art market is shaking off the recession" really? Or simply rich people looking for a safe place to put their cash during a still-very-much-in-progress cluster? Either way, the big winner seems to be "a Connecticut woman named Cathy Naso, who once worked as a typist in Warhol's Factory and had kept the painting [a Warhol self-portrait] out of sight for decades." Sold for $6.1 million.

Elsewhere on the WSJ arts page, hey there's George Steel! City Opera reviews are mixed so unfortunately for everyone in Dallas, the schadenfreude potential is somewhat limited. Balls!

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