Record-Shattering Picasso Sale Heralds Beginning of End of Current Art Market Boom

 

The $179.4 million sale of Pablo Picasso’s Les Femmes d’Alger (Version ‘O’) (1955) at Christie’s last week was greeted with the usual media frenzy, but I am pretty sure no one who was paying attention was truly shocked. A lot of the commentary focused on the mind-numbing sum as a symbol of inequality—but then inequality is the one stable fact of contemporary life.

Read the entire article at ArtNet news.