THE ORANGE BALLON DOG

Within forty-eight hours in the fall of 2014, buyers in the Sothebys and Christies New York auction houses spent $1.7 billion on c ontemporary art. Non-taxed freeport warehouses around the globe are stacked with art held for speculation. One of Jeff Koons five c hromium-plated stainless steel balloon dogs sold for 50 percent more at auction than the previous record for any living artist. A pa inting by Christopher Wool, featuring four lines from a Francis Ford Coppola movie stenciled in black-on-a-white background, sold fo r $28 milli...[Read more]