wikiart.org
Christies estimates that the 1982 example of finger painting known as "Baby Boom" could sell for as much as $30 million at their May auction. That sum would be small in that other examples of Basquiat's work have been gavelled down for over $110 million.
What does this say about the modern art world? Are those with the funds to purchase this kind of art merely taking advantage of the possibility of owning a near priceless work, leaders in the appreciation of immense talent or followers of a trend initiated by others?
We'll need to wait until the response is measured to a Basquiat being stolen off the wall or splashed with tomato soup. It will be harder to determine if its value is related to what appears to be a steady decline in what is called culture and civilization.
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