February 9th, 2010
04:57 PM ET

What Is Art (and What's It Worth)?

The most expensive piece of art EVER SOLD AT AN AUCTION is a bronze, stick-figure-like statue you can see by clicking right here.  It went for $104.3 million - the price of a lavish estate, a fleet of private jets, your very own Caribbean island chain...

What's even more interesting is that the sculpture wasn't expected to fetch that much money; in fact, $104.3 million was almost three times the price that Sotheby's expected to get for it.  It begs the questions:  What do you think is art?  And how much would you pay for your favorite piece of artwork?

Carl Azuz, Anchor

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