«I LIKE MONEY ON THE WALL»

Jeff Koons’ stainless-steel “Balloon Dog (Orange)” was just one of the pricey auction items that broke records at auction last year. It sold for a whopping $58.4 million.

Sales of contemporary art at public auctions surpassed $2 billion for the first time last year, the Paris-based arts-data organization Artprice said.

The report tallied auction sales between July 2013 and July 2014, and it found that contemporary art sales grew 40 percent from the previous year. The number of big-ticket items that sold for over 10 million euros ($12.8 million) more than doubled in the period.

-New York Observer.