Most Expensive Living Artists at Auction

Jeff Koons - Hanging Heart (Magenta/Gold)

Jeff Koons is currently the most expensive living artist at auction, with his Hanging Heart work selling for $23.6 million in November 2007.

If you ask me, I think it look like a giant display window art... I wouldnt buy it for $100... $23.6 million thats alot to ask for...And, here's some great quotes about the price of art by the art critic Robert Hughes.."The auction room, as anyone knows, is an excellent medium for sustaining fictional price levels, because the public imagines that auction prices are necessarily real prices." Robert Hughes"Art prices are determined by the meeting of real or induced scarcity with pure, irrational desire, and nothing is more manipulable than desire." Robert Hughes"Most of the time they buy what other people buy. They move in great schools, like bluefish, all identical. There is safety in numbers. If one wants Schnabel, they all want Schnabel, if one buys a Keith Haring, two hundred Keith Harings will be sold." Robert Hughes"A fair price is the highest one a collector can be induced to pay." Robert Hughes

Jeff Koons art works: http://www.jeffkoons.com/