Posts Tagged ‘ dumb money chasing art ’

Jussi Pylkkanen auctions the Picasso in New York

Money cascades into the Art Market

May 18th, 2015 | By

Christie’s, Sotheby’s and Phillips modernist works sales last week topped US$2.5bn with more fast money chasing art than at any time since 2008. Picasso’s Women of Algiers made a new auction record for a work of art of US$179m. Giacometti’s life-size sculpture L’homme au doigt sold for US$141.3m confirming that sculpture has now achieved the
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