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Published: Jun 27 , 2013
Author: Stephen White
In a sign of unabated consumer demand at the luxury end of the market $29 million was paid yesterday at auction for a 1982 painting entitled ‘Untitled’ (that must have taken some deep thinking) by Jean-Michel Basquiat (who he?). The estimated price before the auction was $25 million. You can see the painting here: http://bloom.bg/14muexk. I must say that it reminded me of much of the recent oeuvre of Millie, my 3 year old granddaughter, in what the family have come to describe as her Nursery Period. I don’t claim to know much about art, but I can think of better ways to spend $29m...