Marketplace Morning Report for Wednesday, November 13, 2013
The United Nations said today that production of the plant used to make heroin has hit a record high in Afghanistan. This comes after more than a decade of trying to wean the Afghan economy from this deadly cash crop, which is now expanded to more than half a million acres. And, last night at Christie's, a triptych by Francis Bacon went for $142.3 million. That's the most ever for a work of art, which sold after what the auction house called six minutes of fierce telephone bidding. At Sotheby's in New York tonight, it's possible the new record will be broken again when Andy Warhol's "Silver Car Crash, Double Disaster" goes on the auction block.
The United Nations said today that production of the plant used to make heroin has hit a record high in Afghanistan. This comes after more than a decade of trying to wean the Afghan economy from this deadly cash crop, which is now expanded to more than half a million acres. And, last night at Christie’s, a triptych by Francis Bacon went for $142.3 million. That’s the most ever for a work of art, which sold after what the auction house called six minutes of fierce telephone bidding. At Sotheby’s in New York tonight, it’s possible the new record will be broken again when Andy Warhol’s “Silver Car Crash, Double Disaster” goes on the auction block.