Recession what Recession? An artwork of sponges stuck on a canvas sold for more than $21 million today. Yves Klein’s Archisponge was the top seller at Sotheby’s contemporary art auction in Manhattan, a spokeswoman said. But like many other pieces in the auction, it sold below its presale estimate, and many did not sell. They wanted more than $21 million for this crap – I guess I don’t understand art!
Klein’s 1960 work of natural sponges applied to the canvas and executed in the artist’s signature International Klein Blue pigment sold for $21 million. Its presale estimate was $25 million. The work is considered by some the most important in Klein’s Relief Eponge series. It was included in an exhibition of his work at the Museum Haus Lange in Krefeld, Germany, in 1961, the year before he died.