The Ultimate Trophy

In 1892 Degas' painting In the Café was sold for a mere 180 guineas at auction, with the public hissing as the hammer fell. Less than a century later another Impressionist work, Renoir's Moulin de la Galette, sold at Sotheby's for $78 million, accompanied by enthusiastic applause. In this history-cum-memoir Philip Hook, Senior Director of Sotheby's Impressionist and Modern Art department, examines...