joining us now to discuss that and more is stephen murphy. welcome. a very exciting night ahead for you. >> we're excited. >> before we get to the works on offer tonight, i want to get your reaction to the piece from robert frank. turbo charged. all the markings of a bubble. that's what one is of the sources said. to you agree with that? >> with all respect to the gentleman speaking he's way off the mark. there's a proclivity to draw a trend out of one evening's sale or one lot not being sold. the art market has been on the same curve of growth since before the recession. and before the recession there was a pause. after 2008, it paused. picked up in 2010 and has been growing ever since. the main reason it's growing is that that's a worldwide demand for art. a bubble is when the demand and the supply is out of whack with each other. it's been inflated. it's quite the other case with us. there's a scarcity of masterpieces and there's a huge demand for masterpieces and lesser art as well. we did over $6 billion of art sales last year. and while we had a

stephen: all right. got it. i got it. there you go. that is the funniest photo ever. and it's gone. guys, thanks so much. evan spiegel and bobby murphyt. we'll be right back. ( cheers and applause ) >> stephen: that's it for the report, everybody. good captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org from comedy central's word news headquarters in new york, this is the daily show with jon stewart. ( cheers and applause ). captioning sponsored by comedy central jon welcome to the daily show. jon stewart here. our guest tonight, we have a fine program lined up for you tonight from iron man 3 actor robert downey ii will be joining us. ( cheers and applause ). they enjoy the movie star. boy are they in for a segway. we be

stephen: all right. got it. i got it. there you go. that is the funniest photo ever. and it's gone. guys, thanks so much. evan spiegel and bobby murphy. snapchat. we'll be right back. éxéxéx ( cheers and applause ) >> stephen: that's it for the report, everybody. good captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org charlie: now, keep in mind, we've been locked in this parking garage stairwell for like 20 minutes, dude. okay, so then we turn around and what do we see? a scary homeless dude. and i'm like, "oh, (bleep)!"

stephen: all right. got it. i got it. there you go. that is the funniest photo ever. and it's gone. guys, thanks so much. evan spiegel and bobby murphy. snapchat. we'll be right back. ( cheers and applause ) >> stephen: that's it for the report, everybody. good captioning sponsored by

stephen: welcome back, everybody. thank you so much. my guest tonight designed an app that will share photos but only for ten seconds. just in time for anthony weaner's comeback. please welcome evan spiegel and bobby murphy. ( cheers and applause ) evan, bobby. did i get it right? >> you did stephen: boom. all right. okay, guys. you created something called snapchat. and tell the folks what is unique about snapchat. >> well, snapchat is a photo and video messaging application for i-phone and android. the kicker is that the photos disappear in an effort to keep the communication very natural and human >> stephen: i understand the term keeper. that's internet lingo. i am down with all the social networking buzz word dot-biz. okay? okay. so, this allows... the photos disappear after ten seconds, right? >> right. you can always take a screen shot. >> stephen: okay. why would you want to include the option for the photo to disappear? what are the users of snapchat ashamed of? why would i ever want a picture of this to disappear? >> well, i think you may be the exception. ( cheers and applause ) >> stephen: that's embracing shame. you're embracing shame with this product. >> i think the idea is to change the n