A Sizzling Francis Bacon Helps Christie's Cook Up $126 Million at Its London Contemporary Sale

LONDON — Powered by a rare-to-market Francis Bacon painting of a reclining female nude, Christie’s Postwar and Contemporary Art evening sale shot to £80,576,100 ($126,504,477), the highest contemporary mark for the house here since June 2008.The tally came close to the high end of the £56.77 to 84 million ($88.96-131.9 million)

Sotheby's Contemporary Sale Soars to $80 Million in London, Driven by Gerhard Richter Fever

LONDON — Stoked by a half-dozen Gerhard Richter paintings chased by an international cast of hungry bidders, the contemporary art market maintained its surging pace at Sotheby’s tonight, realizing £50,688,450 ($79,672,106). The tally clipped pre-sale expectations of £34.5-48 million ($54.2-75.5 million), and improved on last February's £44.3-48 million ($71 million). Only six of the 63 lots

Facebook Graffiti Artist Could be Worth $500 Million

Mr. Choe said Facebook originally offered him $60,000 to paint murals in the company’s Palo Alto offices in 2005. Today, he said, the stock he took instead could be worth more than $500 million.Yes, that’s what he says: half a billion dollars to paint the murals.But it is unclear how much of

Midtown Walmart would force art fairs out

With plans for a proposed mega Walmart store in Midtown moving forward, reality sets in for many art fair organizers who will have to start looking for new venues once the project breaks ground.Scope Art Fair, Red Dot, and Art Asia, three Art Basel Miami Beach satellite fairs that last

A Reluctant Defense of Damien Hirst's "Spot Painting" Spectacular

If Damien Hirst didn't exist, we would have to invent him. In some ways, I think we have invented him. He has taken on fantastic proportions as a villain in many people's minds. In smart company these days, admitting that you actually liked Damien Hirst would be something like saying