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.