Art Market Officially Depressed

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Remarkably, no one was injured in what was the worst New York City rail accident in decades. Photo: Getty Images

Remember when Damien Hirst unloaded $200 million worth of dead animals on a bunch of rich Europeans just as the economy started going to crap? Last night, at a Phillips de Pury & Co. auction, he couldn't even sell a painting for $3 million. [Bloomberg]