Who has 142.4 million dollars to spend?

The art world hit a new high today: in a Nov. 12 Christie’s auction, a piece of art sold for a whopping $142.4 million dollars. This is the highest amount ever spent on a piece of art. It was Francis Bacon’s triptych  “Three Studies of Lucius Freud”, “Bacon’s friend and rival, Lucian Freud, sitting on a wooden chair against an orange background”, as reported in the New York Times

This newspaper reported this record-breaking story detailing who bought the story, the artist’s history at auction’s in the past, and even the path that the piece of art had taken in being reunited with the remaining pieces of this triptych. 

The Times also included information about the last Bacon triptych that was sold, at Sotheby’s in 1976 for an amazing $86 million dollars. 

The Times article was roughly 300-350 words, a short piece. The Times publishes articles daily in all aspects of daily life, especially when it comes to the arts. This article provides interesting, pertinent information that reader’s will enjoy, but it is short. 

On the other hand, the Wall Street Journal’s coverage is hardly worth mentioning. I am only mentioning it because I have to do a complete analysis. Their story was exactly 66 words. That’s hardly worth making a web page for. I can quote the whole article here. 

“Francis Bacon’s “Three Studies of Lucian Freud” just became the most expensive work at auction when it sold for $142.4 million at Christie’s in New York on Tuesday. The 1969 triptych beat out the former titleholder, Edvard Munch’s nearly $120 million “The Scream.” Jeff Koons also became the priciest living artist when his “Balloon Dog (Orange)” sold to another telephone bidder for $58.4 million. The auction is ongoing.”

The reporter only informed the reader of the bare-bone facts. The only different information was about Edvard Munch’s painting “The Scream” being sold for $120 million a few years ago. 

Both of these articles are hardly satisfactory; the WSJ piece is not even worth mentioning. Both give just enough information about the who, what, where, and when, but not the more important why, or how. How somebody bought a piece of art for $142.4 million dollars, and why they spent that much money on it. I think that’s a much more interesting article worth writing about. 

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