Overpriced Art Market Reaches New Stratospheric Heights

Despite the miserable economy, the highly manipulated, high-end art market keeps roaring along.  The super-rich boys must enjoy their toys and the thrill of the hunt…

The Pricey Art Auction

“At $142MN, FRANCIS BACON PAINTING BECOMES
MOST EXPENSIVE WORK EVER SOLD

Francis Bacon’s painting Three Studies of Lucian Freud became the most expensive work of art ever sold when it fetched $142.4 million in one of the biggest auctions in history at which Christie’s sold more than $691 million worth of art.  Bacon’s 1969 triptych easily eclipsed the $119.9 million price of Edvard Munch’s The Scream, achieved in May last year at Sotheby’s.”  —Reuters

Edvard Munch’s Screamer is screaming
“What the hell does this mean?
I’m worth much more than Bacon’s weirdo—
The price he fetched is obscene.”

Bacon’s Grandson-of-Freud replied
“I may look ugly as sin
but as long as the prices stay sky-high
for both of us it’s a win

because Western art is overvalued
and so it must remain.
So put a sock inside your mouth.
You really shouldn’t complain!”

“It’s true,” the anxious Screamer opined
as he dragged his body along.
“My fearful angst, your wretched mind—
we sing the same dark song.”

“But what I actually fear the most
is that one day prices will plummet
and with Rembrandt, Monet, Picasso, Jeff Koons
and Grandma Moses we’ll slum it.”

    At Christie’s they’re gloating:
    “Our Bacon is the best.
     Munch can munch on bacon.
     His Screamer needs a rest.
     That guy is too depressed.”

Originally published at

http://www.opednews.com/articles/The-Pricey-Art-Auction-by-Walt-Gelles-Artists_Arts_Arts-And-Entertainment_Auctions-131115-835.html