Lasso-like Scribbles Sells for $70 Million

Posted by MIchael Campbell

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Screen Shot 2014-11-15 at 12.55.36 AM

Screen Shot 2014-11-15 at 12.55.36 AM

Contemporary art collectors can be summed up in a word right now: Insatiable. Christie’s International in New York made auction history Wednesday when it sold $853 million of contemporary art in about the same time it takes to watch a movie.

The auction house’s total exceeded its $745 million sale in May when Cy Twombly’s untitled, lasso-like scribbles atop a blackboard-gray canvas sold for $70 million.

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