What happens when you unexpectedly buy Peter Doig's $20 mn painting

Just 15 months after Peter Doig’s “The Architect’s Home in the Ravine” fetched $20 million at Sotheby’s, the landscape is back on the market.

Displayed at the Gagosian booth this week at Art Basel with an asking price of $25 million, it’s one of the most expensive works at the world’s top modern and contemporary art fair.

The painting, which has been sold so often one dealer calls it a “frequent flier,” last appeared at Sotheby’s in March 2018 in London, where the auction house used an increasingly common financing technique to reduce its risk. In exchange for a fee of about