The Best and Worst of the Art World This Week in One Minute

Featuring Modigliani, Marina, and Jerry Saltz's bank account.

Peggy Guggenheim for Look magazine (1966). Photo: by Tony Vaccaro.

In a packed sale room at Christie’s, a painting by Amedeo Modigliani fetched $170.4 million, becoming the second most expensive artwork in auction history.

Business mogul Liu Yiqian, the buyer of the aforementioned Modigliani, has a predictably awesome art collection. Here’s what’s in it.

We look into the highs this week at Phillips, Christie’s, and Sotheby’s, where a Cy Twombly “blackboard” drawing smashed records for the artist.

Peggy Guggenheim goes on the record about art collecting, nymphomania, and more in Lisa Immordino-Vreeland‘s documentary about her life.

Scholar Kenneth Wayne recalls an intimate 1992 interview with Modigliani‘s favorite model, Paulette Jourdain.

Photo: © VBK, Wien, 2011.

Photo: © VBK, Wien, 2011.

Jerry Saltz is broke, you guys—really broke! The 64-year-old art critic’s bank balance is $3,832. And he’s got the receipts to prove it.

Marina Abramović is being sued by her former lover and collaborator Ulay, who claims she kept the royalties for works that they created when they were together.

Here are eight talented, interesting artists that are woefully undervalued in today’s art market.

Did street artist Retna throw a tantrum in a Los Angeles gallery—or was it performance art, as his representatives claim?

Sorry Kimye haters: Juergen Teller‘s decidedly bizarre photos of America’s “It” couple are on sale at Phillips London.

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