By Dan Snierson
Updated June 11, 2009 at 04:21 AM EDT

Brad Pitt was a big spender today at Switzerland’s Art Basel—the world’s preeminent contemporary art fair—purchasing a painting that was listed for $960,000, reports the AP. Advertised as an “enigmatic and dreamlike” rendering of a race car, “Etappe” was painted by German artist Neo Rauch, who is regarded as one of Europe’s premier painters. The 40th edition of Art Basel is displaying the works of more than 2,500 artists.

addCredit(“Neo Rauch Etappe: MCH Swiss Exhibition Ltd”)