It may not be Francis Bacon’s R1.4 billion best-seller, but you have to admit that half a billion rand is still a helluva lot, and it’s worth seeing what kind of art deserves that degree of monetary exchange.
You may have noticed a few ludicrous art sales happening lately, what with this Andy Warhol painting going for a billion rand, and this Francis Bacon piece which was sold for a billion and a half. But how is this value created? Where does it come from and how does it rise so exponentially? Perhaps the world of crime is to blame.
Maybe the guy who bought the R10 million toy car saved some of his pennies and bought this too? Until now, the most expensive piece of artwork ever sold was Edvard Munch’s ‘The Scream’ for the neat sum of R1,2 billion. Now, Mr Munch has been toppled by someone whose surname is ‘Bacon’.