Photo: Jonathan Brady/PA Images via Getty Images

The $12.2 million proffered at a Sotheby's auction for Banksy's "Devolved Parliament," which depicts members of the British House of Commons as chimpanzees, smashed the artist's previous auction record of $1.9 million.

Why it matters: Banksy is the most important and most popular name in the white-hot field of street art. It was a year ago that his "Girl with Balloon" self-destructed in a spectacular prank after a final gavel bid of $1.4 million.

My thought bubble: "Devolved Parliament" is not a particularly good work, but it’s very big, which matters a lot in the art market. What’s more, genuine Banksy paintings come on the market very rarely.

  • This one’s value lies not so much in its quality, but more in its status as a collector’s item.

The bottom line: Compared with the $14.7 million that was spent on a sophomoric painting by the American artist KAWS early this year, $12.2 million for the Banksy looks like a veritable bargain.

Go deeper: Snapchat wants to change the way we consume art

Go deeper

38 mins ago - Podcasts

The art and business of political polling

The election is just eight days away, and it’s not just the candidates whose futures are on the line. Political pollsters, four years after wrongly predicting a Hillary Clinton presidency, are viewing it as their own judgment day.

Axios Re:Cap digs into the polls, and what pollsters have changed since 2016, with former FiveThirtyEight writer and current CNN politics analyst Harry Enten.

Twitter launches warnings on election misinformation and delays

Photo: courtesy of Twitter

Twitter will start pinning notices to the top of all U.S. Twitter users’ timelines warning that results in next week’s election may be delayed and that they may encounter misinformation on mail-in voting.

Why it matters: Delayed election results are expected across many states that are handling unprecedented amounts of absentee and mailed ballots, which President Trump has baselessly called "very dangerous" and "corrupt."

Miriam Kramer, author of Space
3 hours ago - Science

NASA confirms water exists on sunny parts of the Moon

Photo: NASA/JPL/USGS

Water on the Moon might be more easily accessible than previously thought, opening up new possible avenues for future human exploration, according to a new study.

Why it matters: NASA is aiming to send people back to the Moon as part of its Artemis program by 2024, with plans to eventually create a sustainable presence on the lunar surface. That sustainability relies on mining the moon for its resources, like water.

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