YSL Auction

Now that I've given you all a little bit of an overview of the art world - don't worry I'll keep writing and keeping you informed - I wanted to note that one of the biggest sales of my lifetime has just happened in Paris. Christie's held a three day, six auction sale for the estate of the late Yves Saint Laurent. All the proceeds are going to his partner's foundation for research into AIDS. Well, the sale went phenomenally well selling over 96% of all items for $477 million. Yes, you read the right - almost half a billion dollars for an art, decorative art, and furniture sale. Incredible right.

So while all the world is worried about finance there are people who have the money to spend $28 million on a "Dragons" chair. The sale may well save Christie's this year (no such luck for Sotheby's yet) and will hopefully show the world that we're not in a permanent downward spiral.