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The financial interest in the auctioning has gone on for so long such that even if people are there to buy art for its sake, the purpose is not realized, because all you will hear are people in whose mind are thinking about how much the work will cost in the next 5 year and the social prestige they will gain from buying it. Having looked at a couple of auction video, I realized that the auctioneer does not utter a word about the content of the work, the meaning behind it and why it was made and for what purpose it was intended for. It is art for Christ's sake not an ordinary auction sale. 
Portrait of Adele Bloch-Baur II
A 1912 painting by Gustav Klimt, it depicts the wife of wealthy industrialist Ferdinand Bloch-Baur, an avid supporter of the arts and sponsor of Klimt. It was sold at Christie's in November 2006 reaching almost $88 million making it the most expensive painting auctioned in the Christies. The subject of the painting Adele Bloch-Baur is the only model to be painted twice by him.