francis bacon

The Postwar and Contemporary Auction at Sotheby's this week garnered $315.9 million, prooving that the art market bubble has yet to burst. Numerous artists set auction records for their prices, with the highest of the evening going to Francis Bacon's "Second Version of Study for Bullfight No. 1" (1969) which went for a cool $45.9 million. A $million is the new $ten thousand.