is art really recession proof?

With cutbacks at various museums, you’d think that art is being heavily affected by the recession.  That notion was smashed obliterated when I read about the late Yves Saint Laurent’s multi-million dollar art auction.  Not that it was a multi-million dollar auction, but rather due to this piece from Miss Gray.  Personally, I think it’s pretty ugly.  But “The Dragons” armchair fetched quite a bit more than it’s $2.5 to $3.8 million estimate.

The price?  $28 million.

Must be nice to have $28 million in disposable income.  To spend on a chair.  More details from AT.

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