Launch: The Highest Art Public sale of all time

Lately a Christie’s art deal became the highest public auction in history. The deal included operates by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat, and the like and in total made $495 mil. The sale established 18 new world auction documents, with nine works advertising for over $10m (? 6. 6m) and twenty three for more than $5m (? 3. 2m). Christie’s said the record disregarding sales reflected “a new era in the skill market”. Diner cabaret musical

The top whole lot of Wednesday’s sale was Pollock’s drip painting Amount 19, 1948, which fetched $58. 4m (? 32. 3m) – practically two times its pre-sale estimate. 

Lichtenstein’s Woman with Flowered Cap sold for $56. you million, while another Basquiat work, Dustheads (top of article), went for $48. 8 million.

All 3 works set the maximum prices ever fetched for the artists at public auction. Christie’s described the $495, 021, 500 total – which included commissions – as “staggering”. Only four of the 70 tons on offer went unsold.

In addition, a late 1960s oil painting by Gerhard Richter has set a new record for the highest auction price achieved by a living specialist. Richter’s photo-painting Domplatz, Mailand (Cathedral Square, Milan) sold for $37. 1 mil (? 24. 4 million). Sotheby’s described Domplatz, Mailand, which depicts a cityscape painted in a style that suggests a blurry photograph, as a “masterpiece of 20th Century art” and the “epitome” of the artist’s 1960s photo-painting canon. Don Bryant, creator of Napa Valley’s Bryant Family Vineyard and the painting’s new owner, said the work “just knocks and bumps me over”.

Brett Gorvy, head of post-war and modern-day art, said “The exceptional bidding and record prices set reflect a fresh era in the fine art market, ” he said. Steven Murphy, CEO of Christie’s International, said new collectors were helping drive the boom.

Myths of the Music-Fine Art Selling price Differential

When I arrived across this content I was stunned at the values these artworks were able to obtain. Several of them would hardly evoke a positive emotional response in me, while others might only slightly, but for almost all of them I really don’t understand how their prices are reflected in the work, and vice versa. Certainly, these pieces were not intended for folks like me personally, an artist, while prosperous patrons certainly see their intrinsic artistic value evidently.

So why doesn’t music attract these sorts of prices? Is it even feasible for a piece of recorded music, not music memorabilia or a music artifact (such as a rare record, LP, pirated, T-shirt, album artwork, and so forth ), to be worth $1 mil or more? Are all musicians and music composers doomed to struggle in the music industry and claw their way up into a career in music? If one piece of art can be valued at $1 million, why aren’t a song or part of music also be valued similarly? Apparently, the $. 99 per down load price is the greatest price a song is able to command at market value, whatever their quality or content, and the musician or writer must accept this value as such.

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