Tonight at Sotheby's the Contemporary Art Evening sale totaled $293,587,000, and was 82.8% sold-by-lot. There were exceptional prices for works from every decade from the 1940s through today with records set for Barnett Newman and Gerhard Richter, among others. The price achieved for Richter's masterwork also established a new benchmark for any living artist at auction. The global nature of today's art market was yet again underlined with collectors from 35 countries registering to bid in the sale, 20% of whom were new to either Sotheby's or the category.
Tobias Meyer, Worldwide Head of Contemporary Art at Sotheby's, said: "This evening we are very pleased to have achieved three landmark prices for masterpieces by key post-war artists. Barnett Newman's Onement VI established a world record for the artist at auction and doubled the world record price achieved just one year ago."
The sale was led by Barnett Newman's Onement VI, which sold for $43,845,000 after competition among five bidders - that price eclipses Newman's previous auction record by a margin of more than $20 million. The monumental 1953 painting is the most important work by the artist ever to appear at auction and stands as a masterwork not only of Newman's artistic enterprise, but of the entire Abstract Expressionist movement.]
Why do people waste their money on garbage like this? Sentimental value, sure, but $44 million a lot of fucking money.. Could have given me 1/44th of that and I would never have to work a day in my life.
How the hell can this be worth almost 50 million - MILLION - dollars? I'll never, EVER understand art. I swear.
Look I just made some random-ass scribbles, am I a millionare now?
its because its those rich folks playing games with you. They know something like that could be made by anyone, they choose to spend that much money to insult the poor people, knowing nobody is going to say or do anything about it.