What is art? Nothing more than an asset, really. And what’s wrong with that?

Jonathan T.D. Neil, from the December 2013 issue

By Jonathan T.D. Neil

Jeff Koons, ‘Balloon Dog (Orange)’, 1994–2000, 307 × 363 × 114 cm. © the artist

By the time this column is in print, it’s quite possible that the record for the most expensive work by a living artist ever sold will have been broken. That record either still does or did belong to Gerhard Richter’s Domplatz Mailand (1968), which sold for $37 million just this past May, but Jeff Koons’s Balloon Dog (Orange) (1994–2000), with a low-end estimate of $35m and a high of $55m, may now have surpassed it.What does this mean? Probably very…

Want to read more?

As an unregistered user you can view 5 articles per month.

You can register free to get a further 15 free articles

and access to 2 digital editions per month

or subscribe for unlimited access

If you have already signed up access you account here