Art prices at ‘obscene’ levels as Chinese join high-spending elite

Fine art is almost always a good bet for the super-rich, but it’s worth remembering that the $157m paid for a Modigliani last week could have supported 10,000 budding artists for a yearWhen even the experts are warning that prices for works of art have become obscene, it is probably time to run a dispassionate eye over the multimillion-dollar frenzy for certain works.Last week, Nu couché (sur le côté gauche) by Amedeo Modigliani sold to an unnamed buyer for $157m, and a