The overpriced world of bad art

In May 2013, German artist Gerhard Richter broke his own record when his 1968 painting “Domplatz, Mailand,” which looks like a fuzzy black-and-white photograph, sold at auction for $37 million, the highest amount for any living artist. It was a record he held for six months, until Jeff Koons’ “Balloon Dog” smashed it, selling for […]