A 1919 oil painting by Amedeo Modigliani sold at Christie’s London last week for $42,104,835, a new record for the artist. It last sold in June 2006 for close to $30,175,000. Huge profits like this are one of the reasons the art market is doing so well.

 

 

 

 

 

 

 

 

 

 

 

 

 

Photo: CHRISTIE’S IMAGES LTD. 2013