Another Wowism!
Boom, boom, goes the market.
The New York Times reported on October 12 that David Geffen, record industry mogul and art collector, has sold a Jasper Johns and de Kooning for 143.5 million bucks.
The buyers, two billionaires and well established art collectors, Kenneth C. Griffin and Steven A. Cohen acquired the pieces through a private sale. Griffin picked up Johns’ 1959 “ False Start” for a cool 80 million and Cohen took away “Police Gazette “ painted in 1955 by de Kooning for 63.5 million.
It seems that collectors are taking advantage, and why not, of the sizzling hot art market that seems to be financed by the billionaires’ club. On November 8, Christie’s will hold its Impressionist and Modern art auction which will include works by Klimt, Gauguin and Picasso expected to fetch top dollar.
So, where does it leave us – the average art lover? Well, pretty much in the same place as before. While I would love to have an original de Kooning hanging on one of my walls, I know it most likely won't happen unless I join the billionaires club.
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