The Worth of Art

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$136 million for a Klimt, $71.7 million for an Andy Warhol...It's not that art is expensive, but rather that money has become cheap for certain collectors - Russian oligarchs, Chinese, and American hedge fund managers. Collections are being redistributed to new fortunes around the world. Sophisticated marketing campaigns, the most luxurious parties, a new wealthy elite passionate about art cross paths to compete for paintings now considered as trophies. At present, details like who's selling what and which auction house is organizing the sale play an important role in the sums fetched. The goal is paradoxical: always pay more. Worth of Art (2) offers an inside and outside view on an art world nourished by excess.