Quiz: Could You Cut It as an Art-Buying Billionaire?
Consider the painting with an auction estimate of $100 million, and then consider how much disposable cash you'd need to have on hand to afford it. $600 million? $700 million? $1 billion?
For most of the world, this is a purely academic question. For a select group of billionaires, however, it's an increasingly urgent one as Christie's, Sotheby's, and Phillips prepare their blockbuster fall auctions in New York, starting on Nov. 4. Over the course of more than two weeks, museum-quality paintings by Picasso, Modigliani, and hundreds of others will hit the auction block. Someone out there is about to spend a lot of money.
Why, though, should billionaires have all the fun? We've culled November's top lots and created a quiz. If you can accurately guess this season's top-dollar estimates, maybe you're not so different from the people currently deciding how much is too much for some oil paint on canvas.
Hint: If every painting sells for its high estimate, the hammer price of the following 15 works will be $733 million.