«I LIKE MONEY ON THE WALL»
Witness the epic 16-minute battle at Christie's over this season's top lot, Andy Warhol's first self-portrait, which sold for $38 million. Common auction practice is to use set bidding increments at every price level. Above the $20 million mark, the action usually moves in steps of half-a-million or more. During the Warhol sale, however, both bidders were making offers as small as $250,000 or $100,000—and auctioneer Christopher Burge was taking them. The winning bidder even tried at one point to get a miniscule $50,000 bump accepted. Visibly losing his patience, Burge refused.
-New York Obsever
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home