Why Is Art So Expensive?

February 20, 2015 11:06 PM

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Why Is Art So Expensive?

ARTIST: Russian abstract painter, Wassily Kandinsky (1866-1944) ARTWORK: Oil painting of religious pilgrims in Kiev painted in 1909. AUCTION: Christie's Impressionist and Modern Art Sale (November 2012) PRICE: $23,042,500 For more on the Kandinsky painting, check out our original article here.

ARTIST: New York-bred graffiti-turned-gallery painter, Jean-Michel Basquiat (1960-1988). ARTWORK: A large, colorful acrylic and oil stick on canvas work depicting a skeletal fisherman yielding his loot, created in 1981. AUCTION: Christie's Post-War and Contemporary Art Sale (November 2012) PRICE: $2...

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