A premium subscription is required to access this article. Article Date: 08/31/2016 Knowledge is Priceless for the Art Collector “Art,” someone once said, “is never an extravagance.” This is not the common perception. In May 2016, for example, Untitled, a large canvas by Jean-Michel Basquiat dating from 1982, sold for $57.3 million, a new auction record for the artist.The sometimes staggering prices fetched at auction make news, and feed the stereotype ... Log in to view full article. If you already have a subscription, please log in with your email address and password. User Name (Email Address): Password: Forgot your password? Click here to have your password emailed to you. To purchase a premium subscription, please use the links below. One-year premium subscription with unlimited access to all articles including reprint rights (see terms and conditions) for $2,000.00. Monthly subscription (3 month minimum) with unlimited access to all articles including reprint rights (see terms and conditions) for $195/mo.