It might be wise to admit that there is more bad than good abstract art, which has been compromised over the decades by a host of inept imitations. All the more reason to celebrate the masterworks in this difficult genre.
Times have gotten so tough for Germany’s power companies that EON SE is selling its most valuable art work.
Records were smashed for Jean-Michel Basquiat, Jackson Pollock, Roy Lichtenstein and auctions themselves as Christie’s sold $495 million of contemporary art last night in New York.
Sotheby’s bounced back from last week’s lackluster sales with its biggest-ever auction, setting records for six artists including Jackson Pollock, Franz Kline and Arshile Gorky.
In the 1980s, Pei-Shen Qian, the painter at the center of an $80 million art forgery case, used to set up his easel near Manhattan’s West Fourth Street and hustle.
Goldman Sachs Group Inc., which stood by Steven A. Cohen last year as his SAC Capital Advisors LP bore the brunt of a massive insider trading probe, has come to the billionaire’s aid again.
"I choose to veil the imagery."
- Jackson Pollock on Oct 10, 2012