[Mrluvaluva]

Edvard Munch’s classic masterpiece, on show in London this week, is estimated to fetch $80 million at Sotheby's.



Fifty-three works worth an estimated $446 million (£280 million) from Sotheby’s forthcoming Impressionist, Modern and Contemporary art sales in New York are to be exhibited in London this week.

Highlights include Edvard Munch’s classic, The Scream, estimated at $80 million, and Andy Warhol’s Double Elvis, estimated at between $30 million and $50 million.

Is the price of art becoming obscene? Are there not better ways to spend £50M, and greater needs?

I know art is a good investment, but are the prices people are willing to pay for it now out of control? Have art lovers obsessions with owning modern greats now become simply ridiculous?