Tuesday, 19 December 2006

The true value of art ?

In may 2004, 'Garçon à la Pipe' by Pablo Picasso was sold at Sotheby's New York for $104.1 million. The morning after the sale, a Picasso expert was quoted in The Washington Post: "I'm stunned, that a pleasant, minor painting could command a price appropriate to a real masterwork by Picasso. This just shows how much the marketplace is divorced from the true values of art."

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