Sunday, 2 November 2008

Sneak preview

The New York Times has a nice preview of the upcoming fall auctions in New York.
ARTIST: Kasimir Malevich
TITLE: “Suprematist Composition” (1916)
ESTIMATED PRICE: $60 million
Sotheby's officials predict that this painting will fetch $60 million. Determined to offset some of the risk, Sotheby's has lined up a buyer who has contractually agreed to purchase the painting for an undisclosed sum. If someone else is willing to pay more, the original bidder will get a share of what is called the upside: the difference between what he was willing to pay and the higher price.

I would rather buy the Philip Guston though.

1 comment:

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