Wednesday, February 15, 2012

CHRIS WOOL 7.8 M. ARTIST RECORD AT CHRISTIE'S

At Christie’s London contemporary sale, Christopher Wool’s "Untitled" set a new artist record. The price, after the buyer’s premium, was £4,913,250 ($7,758,022) way above the estimate of £2,500,000-3,500,000 ($3,947,500 – $5,526,500). The work spells out the word “FOOL,” and beat out the artist’s last record, $5,010,500, which was set by Blue Fool, a painting with the word “FOOL” spelled out in the exact same way and in the same lettering except the previous record is in blue and the new one is in black.