Things are getting a little grim in the art world lately, with more than a third of the lots going unsold at Sotheby’s impressionism auction this Monday. Apparently the folks that have $10 million to spend on impressionist paintings are investing it in gold bars or bulletproof jets instead. The only good news to come out of the auction was for Edvard Munch’s Vampire, which sold for three million more than expected.
We’ve always been financially savvy, so we’ve come to the following conclusion. The art market may be depressed, but the market for depressing art has never been better.
The Hirsts and Murakamis of the world had better take note: what the people want is paintings of people crying, preferably in black. By the time the year is out, the Met will be handing out Kleenex at every show.
Anyone want to go halfsies on Goya’s Saturn?