SoHo-based artist Nelson Diaz is stepping up the pace. The accomplished artist, whose work is held in the New York Academy of Art and The Eileen Guggenheim Collection, is auctioning two more paintings as a way to protest art market inflation. Using eBay to communicate this unique political message, Diaz has elected to begin the bidding at $1 and has set a price objective of $300 per painting … at most.
Diaz embarked on this project following the May 2008 Christie’s Contemporary Art Auction, at which a triptych by British master Francis Bacon fetched a princely sum of $86 million. Based on conversations he had had with Bacon during a weekend in 1985, Diaz is convinced that the eccentric and reclusive genius would not have been happy with the prices collectors are willing to pay for his work. Thus, the “Grand eBay Experiment,” as Diaz calls it, is a show of respect for and solidarity with Bacon.
Currently, the bids for both auctions are still at $1, but much could change in the next 6+ days. Keep an eye on these auctions, and don’t be afraid to participate!