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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

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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.

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