Art experts yesterday reacted with concern at the prospect of masterpieces from the Detroit Institute of Arts, including works by Bellini, Rembrandt, van Gogh and Picasso, suddenly flooding the global market.
On a day when U.S. stocks lost more than $240 billion in value, Christie’s held its largest-ever postwar and contemporary sale, setting records for eight artists including Franz Kline, Jeff Koons, Donald Judd and Jean-Michel Basquiat.
Shortly after a major Cindy Sherman retrospective opens at New York’s Museum of Modern Art on Feb. 26, one of her most famous images will be sold at Sotheby’s. The combination could boost her prices after last year’s career high auction total of $13.7 million.
A painting of a blue-eyed nurse by Richard Prince and an aluminum couch by Marc Newson were among the artworks sold by Halsey Minor that helped the CNET Networks Inc. founder raise $21.1 million to pay his creditors.