'The Simple Things' – by Pharrell Williams and Takashi Murakami

Pictured above, the whimsical sculpture sold for $2 million dollars after furious bidding by four prospective buyers 30 minutes after it went on sale at this year's Art Basel.

"These particular things — a miniature ketchup bottle, a can of Pepsi, a pair of sneakers, a cupcake, a condom, a bag of Doritos and a bottle of Johnson & Johnson baby lotion — were impeccably made in various types of gold and encrusted with 26,000 inlaid diamonds, rubies, sapphires and emeralds," wrote Carol Vogel in her front page Arts section story in Friday's New York Times.

"'The taste of a cupcake is worth more than diamonds,'" said Williams.