
The summer edition of ARTnews has hit the shelves, featuring its annual list of the “200 Top Collectors.” My favorite facet of the list is the italicized source of their wealth– investment banking, real estate, and inheritance are popular choices. Funny, no public policy. My best shot is sugar daddy.
Pictured above is Basquiat’s Self-Portrait, 1982, purchased by Philip S. Niarchos (shipping and finance) at Christie’s in 1998 for $3 million (or was it $2 million? read the controversial story here).