(FORTUNE Magazine) – The art world had big trouble on its hands when the former chairmen of Christie's and Sotheby's were indicted on charges of price-fixing this month. (Both men deny the charges.) Now comes even more disturbing news: This life-sized porcelain statue of Michael Jackson and his monkey Bubbles is the hottest item on the auction block. Where's a decency panel when you need one?

--Jason Tanz