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AUCTION REPORT

On a High

Auction prices have been steadily rising as of late. In May, two key records were shattered in New York. Constantin Brancusi’s bronze cast of a sleeping woman’s head, La Muse Endormie (1913), sold for USD 57.4 million at Christie’s flagship spring sale. Then, at Sotheby’s, an untitled 1982 painting of a crazed face over a cerulean background by Jean-Michel Basquiat became the most expensive artwork by an American artist ever sold at auction, fetching USD 110.5 million and placing the late graffiti-artist-turned-painter into an exclusive club of those whose canvases have broken the…

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