Lund Painting Sold for 1,500% Gain as Art Flippers Return – this end of the contemporary market is just nuts and in my opinion, it is like playing hot potato — and when the music stops, there will be some (probably many) very unhappy people.
Someone needs to tell me: what is so special about Lund’s work that makes it go from $7,500 to $125,000 in less than a year? In fact, this particular piece was sold 4 times during that period. Look, ‘day traders’ have altered the landscape of the stock market and now they are doing the same thing in the contemporary art market.
Israel Lund
“Untitled”