Why The Big Basquiat Sale Is Art’s Capitalist Apocalypse
An untitled painting by Jean-Michel Basquiat sold on May 15th for $110.5 million at a Sotheby’s auction. To which the only sensible response is – so what? Imagine for a moment that it was not a painting that had been purchased, but rather a yacht. Suddenly the interest, for most people, is gone – “billionaire purchases…