Soaring Art Auction Prices Have Nothing to do with Art

Thursday, 14 November 2013 | by Pat's Picks

Another record was set this week when the 1969 triptych by the British painter Francis Bacon sold for $142 million at auction. New York Times art critic Roberta Smith says the soaring prices at art auctions have nothing to do with a love of art. She says these high-priced art auctions are “deeply alienating if you love art for its own sake.”

SOURCE: New York Times