Contemporary Art auction record

Another art record – is this a sign of some underlying societal malaise?
aaah, or am I just being cynical….

Sculpture sets contemporary auction record of 23.8 million dollars

Yahoo! News
Thu Nov 10, 3:09 PM ET

“NEW YORK (AFP) – A large-scale metal sculpture by American artist David Smith has become the most expensive work of contemporary art ever sold at auction, fetching 23.8 million dollars at Sotheby’s in New York.

…The 1965 sculpture was finally snapped up by Manhattan dealer Larry Gagosian at nearly twice its high estimate of 12 million dollars.”

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