'Buying Binge' at Paris YSL Auction; World (Probably) Not Ending

That’s our art market. As the Dow and the S&P yesterday crashed to a 12-year low, prompting even the most flush Russian art collector to consider calling off the private jet trip to next week’s Armory Show, Christie’s pulled off a coup at the Grand Palais, where the first of six sessions in the Collection of Yves Saint Laurent and Pierre Bergé mega-sale pulled in €206.15 million ($266.74 million), setting a new record for a single-owner sale at auction.