Monday 15 October 2007

Bacon's Rent Boy Sold

Francis Bacon - Study from the Human Body, Man Turning on the Light (ca 1973-4)From porkers (next post down) to Bacon. How's that for continuity? Yesterday, Christie's in London flogged Francis Bacon's dire tripe Study from the Human Body, Man Turning on the Light (1973-74) for £8.1m. This is slap in the middle of its estimated value of £7m to £9m that I reported in September (CLICK). But BBC News detects signs of "disquiet in the art world". Works by Andy Warhol and Jean-Michel Basquiat were snubbed by bidders and prices for Damien Hirst's rubbish slumped. "Disquiet"? Coxsoft Art greets this news with wild jubilation. Maybe the art market is at last coming to its senses. Why pay millions for fashionable contemporary junk when you could buy an old master painting for as little as £3000 (CLICK)?

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