Found this fascinating article I wanted to share with fellow artists. The writer has stated this may be the "Holy Grail of Private Market Prices"... Written by Charlotte Burns in The Art Newspaper this month June 2011. Art.sy has some big galleries and other high profile backers, which I believe will make it a successful venture. It's important to be "in the know" especially if more galleries and online sites follow this new marketing model for art. Here is the link to the story.
Photo of Jean Bourque painting live to The Natty Vibes... painting in progress.