Warhol sale nets Grant €16m

“ONE million dollars is the new 10 grand,” according to one Manhattan art dealer who was awed by prices paid at a major art auction in New York.

Before the sale there had been fears that the art market might finally begin to crack, but a packed salesroom of enthusiastic bidders at Christie’s proved otherwise.

Andrew Fabricant, the Manhattan dealer who decided a million bucks is the new 10 grand, said as he left the salesroom: “This was supernatural.”