Truemors
As stocks and shares continue to nose dive or offer at best moderate returns the art world proves to be a winner as big investors ratchet up the price of art - when will we see rips in the canvas?
One of Claude Monet’s large waterlily paintings sold for a world record £41 million last night, heralding a week of London art sales that could raise more than £500 million.
An anonymous buyer bought Le Bassin aux Nympheas for what was a record price for the artist at auction. The auction house, Christie’s, had estimated that it would fetch £24 million.
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