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Brent crude, the European standard, lost $11.17, or 24.7 percent, to $34.10per barrel, as of 10:15 p.m. Eastern time Sunday after earlier touching its lowest price since 2016.

West Texas did not fall as far showing the greater impact Coronavirus has in Europe The good news for the art market is when oil is cheap prices at auction spike such was the perfect storm that propelled Vincent Van Gogh's Irises at Sothebys  in the late 1980s when Iran-Iraq became the gift that kept on giving when OPEC's structure and discipline fell apart.

That free fall in prices also broke the Soviet Union. Vladimir Putin may have kicked upon Pandora's Box. It couldnt happen to a more deserving tyrant.

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