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Why Andy Warhol’s "Bomb" sculpture bombed at auction

A closer look at the economics and psychology behind high art prices.
"[Andy Warhol's 'Bomb']  is not a pretty object, which is why I think it should have sold for tens of millions of dollars," said art critic and author Blake Gopnik.
Courtesy Bonhams

Fine art: a playground for the superrich

Dec 8, 2022
Since the blockbuster auction of Paul Allen's collection, the art market might be losing some of the wind in its sails.
David Hockney's "The Conversation," part of the collection of the late Microsoft co-founder Paul Allen. But fine art adviser Lisa Austin thinks a market slowdown may be imminent.
Frederic J. Brown/AFP via Getty Images