why?
Vibrant, multi-hued painting from Pablo Picasso set a world record for artwork at auction, selling for $179.4 million on Monday night, and a sculpture by Alberto Giacometti set a record for most expensive sculpture, at $141.3 million.Picasso's "Women of Algiers (Version O)" and Giacometti's life-size "Pointing Man" were among dozens of masterpieces from the 20th century Christie's offered in a curated sale titled "Looking Forward to the Past."
The Picasso price, $179,365,000, and the Giacometti price, $141,285,000, included the auction house's premium. The buyers elected to remain anonymous.
I have 4 explanations?
1.Money is cheap
2.Art it's a good way to store a lot of money
3.Art is a good way to pay someone and that someone is not taxed. Zero!
4.Big Get bigger, everybody wants to have the best, the only one. In history there was never a better period to be the nº1
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