Alexandra Wolfe's analysis of the Richard Prince market demonstrates the artist's prices continue to erode.
Richard Prince's Nurse paintings and Marlboro Men photographs have been purchased by hedge fund traders, including Adam Sender, Daniel Loeb and David Ganek.
- Richard Prince Series of Nurse paintings initially were sold in 2004 by Barbara Gladstone Gallery, NY, for $45,000 - $85,000.
- Overseas Nurse, a Richard Prince Nurse appropriation painting achieved $8.5 million at Sotheby's London in 7/08.
- The hype stopped when Everglade Nurse sold for $3.4 million in 11/08 at Sotheby's London.
Not bad, considering Richard Prince has created over 100 Nurse paintings, remarkable as each is an ink jet print with acrylic.
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