Nine foot beauty queen portrait sets auction record for a living female artist

'Miss January' by Marlene Dumas shows a beauty queen nude from the waist down, apart from a pink sock

'Miss January' by Marlene Dumas.

The global art market is not immune to the trade winds of change blowing us all over the place right now. 

Even though they brought in $1 billion, the slimmed-down May sales in New York failed to reach their targets.