Tag Archives: Peter Brant

An art auction failure linked to every Gen Xer’s fantasy

The art market isn’t sure if it wants to recover yet. This month, Sotheby’s had a fantastic contemporary art sale, while the one at Christie’s just plain sucked. Among the paintings at the latter was “Brother Sausage,” by Jean-Michel Basquiat. It entered the Christie’s art auction with the highest presale estimate, but nobody was interested in buying it.

Life’s a bitch.

What’s interesting, though, is where this painting comes from. Word on the street is that Peter Brant, turned art collector by his soon-to-be ex-wife, is trying to move the piece. He and Stephanie Seymour are battling their way through a divorce, and “Brother Sausage,” with a presale estimate that approached $10 million, is bound to be one of the assets they fight over.

Why does this matter to the millions of Gen Xers who don’t give a fuck about art? Or, to those of us who like art but still don’t give a shit about the squabbles of the rich and famous?

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