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Can't afford $119,922,500 for a pastel? A poster will run you about $19.99.
The 12 minutes of art-auction hysteria has led to yet another re-evaluation of, if not outrage about, the price we put on art and who gets to "own" it. The bidder(s) for the pastel of Edvard Munch's "The Scream" remains anonymous, but hammer prices like that in an economy like this has raised questions on who's driving up these high-profile sales lately. For some critics, the lopsided economics highlight that yawning gulf between art buyers and artists (that 1% thing again), with art lovers lost somewhere in the middle.
In the case of Munch, though, the $119 million isn't just getting renewed respect for the revered artist right before his sesquicentennial birthday: Devotees will be able to visit the source of "The Scream" for themselves.
Why the record-breaking art sales: Aside from "The Scream," Sotheby's did gangbusters in its May 2Read More »from Y! Big Story: The high price of “The Scream” and other art sales