The New York Times reports today that David Geffen may have sold a drip painting by Jackson Pollock for $140 million dollars yesterday. The price has yet to be officially confirmed, but may indicate that the art market is currently booming, which seems in line with the potential for Christie’s to set a record auction next week.
It seems Geffen may be unloading his art collection in a bid to purchase the LA Times. The price would exceed the $135 million Ronald S. Lauder paid for a Klimt last year.
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I’m sorry, but this absolute garbage belongs in a public toilet, not on a Christie’s auction block. It’s beyond insulting to see these so-called “prestigious” institutions like Christie’s and Sotheby’s parade this nonsense around as high art—slapping absurd price tags on it and selling it to the highest bidder like it’s sacred.
It’s not art—it’s a con. And the real tragedy? They’re helping destroy the meaning of art itself. They’ve become high priests in a cult of hype, pushing soulless, empty work for millions while countless gifted artists with true vision and craftsmanship are left in the shadows.
It’s no different than zealots who justify violence in the name of religion—this is artistic extremism in the name of profit and prestige.
The whole system is rotten. And frankly, I’m done pretending it’s not.