You are here

Income inequality down to a fine art

As long as the ultrarich get richer faster than anybody else, there will always be potential buyers fighting to bid up to astronomical sums for art

OVER THE TOP: "Les Femmes d'Alger (Version 'O')", a 1955 painting by Picasso, sold in New York last week for US$179.4 million, in a new record for the most expensive art sold at auction, way over its pre-sale estimate of US$140 million.

WE don't know the identities of most of the buyers who made this a blockbuster week for art auctions, bidding up works by Rothko, Giacometti and Lichtenstein, among others, to eight and nine figures. "Les Femmes d'Alger (Version 'O')", a 1955 painting by Picasso, sold for US$179.4 million.

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom