ART MARKET WATCH
Feb. 9, 2007ART-MARKET BOOM CONTINUES IN LONDON
"I have no fucking clue why people buy the shit that they do," wailed one silver-tongued art-world insider in the face of the astonishing prices paid at both Sotheby’s London
and Christie’s London
for Impressionist, modern and (especially) contemporary art this week. The sentiment was certainly widespread, despite former Metropolitan Museum
director Thomas Hoving
’s simple solution to the mystery, recently quoted in the Guardian
newspaper: "Art is money-sexy-social-climbing-fantastic!"