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Judith H. Dobrzynski on Culture

More Evidence Of Market Insanity

Botticelli-MadonnaI just can’t help myself. The juxtaposition of two auction sales is simply too tempting.

In tomorrow’s New York Times, Steve Wynn announces that he’s the one who bought Tulips, by Jeff Koons, last November for $33.6 million, a record for a piece by Koons at auction. He had to admit it at some point, because he put it on view in the Wynn Theater rotunda in Las Vegas  a few days ago, and eventually he’ll move it to a hotel-casino he’s building in Macao.

The paper also mentions another record — this one set this week — for a Botticelli. On Wednesday, Christie’s sold that painting, of a Madonna and child once owned by John D. Rockefeller, Jr., for $10.4 million, his highest auction price. 

I’m pasting them both here. You decide.

KoonsTulips

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About Judith H. Dobrzynski

Now an independent journalist, I've worked as a reporter in the culture and business sections of The New York Times, and been the editor of the Sunday business section and deputy business editor there as well as a senior editor of Business Week and the managing editor of CNBC, the cable TV

About Real Clear Arts

This blog is about culture in America as seen through my lens, which is informed and colored by years of reporting not only on the arts and humanities, but also on business, philanthropy, science, government and other subjects. I may break news, but more likely I will comment, provide

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