Globalization Keeps Money Pumping Into Art
With all the news of skyrocketing food and gas prices, it’s interesting to note that the art market is still going strong. A Monet waterlily painting– Le Bassin aux Nymphéas – just claimed a world record price for the artist at auction. It went for an astounding £40.1m (almost $80m). Technology is enabling the global super rich to keep this high end market afloat.