The least the artist wasn't a commercial artist. Rich people buy whatever they want, cars, planes, boats, rare imported flooring, fossils, historical artifacts, etc etc.
The price probably has more to do with the pockets of the people bidding than the "quality" of the piece. That said... those of you trying to denounce this with technical criticism (bad anatomy, no definition, etc) really REALLY need to get out there and see some contemporary art in person. All art, and especially the more…