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…
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