ONLINE SALES FRENZY

A California man recently put a “‘great big wild abstract painting’ that he said was bought years ago at a garage sale in Berkeley and had a small hole inflicted by a son wielding a plastic tricycle” up for sale on eBay. Bidding started at 25 cents, and within minutes had soared to $135,805, due to speculation that it was actually a 1952 Diebenkorn. “A six-figure sale would not only be one of the highest prices paid online for art, it would also be a powerful testimony to the ability of the Internet to ignite a sales frenzy.” – New York Times