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The Worth of Art (2)

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The Worth of Art (2)

by Judith Benhamou-Huet

About this title: $136 million for a Klimt, $71.7 million for an Andy Warhol...It's not that art is expensive, but rather that money has become cheap for certain collectors--Russian oligarchs, the Chinese, and American hedge-fund managers. Collections are being redistributed to new fortunes around the world. Sophisticated marketing campaigns, the most luxurious parties, and a new wealthy elite passionate about art cross paths to compete for paintings now considered trophies. At present, details like "who's selling what" and "which auction ... read more

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