Giacometti Walks into Record Books
Jury, Louise, The Evening Standard (London, England)
LONDON has reclaimed the crown for selling the world's most expensive artwork from New York.
The staggering new record for a Giacometti sculpture helped take total sales at Sotheby's last night to Pounds 146.8 million -- the highest value auction ever staged in London.
Bidding for Giacometti's L'homme qui marche I began at Pounds 12 million and soared to Pounds 65 million ($104 million) in eight minutes of frantic bidding between about 10 would-be owners.
This price, backed by a new record for a Gustav Klimt landscape and a string of other significant lots, took total sales beyond the pre-auction estimate of Pounds 69 million to Pounds 102.1 million. It is the first time since 1987 -- when Christie's sold Vincent van Gogh's Sunflowers for a then landmark price of Pounds 24.75 million at the height of the explosion in the market -- that London has pulled off such a …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Giacometti Walks into Record Books. Contributors: Jury, Louise - Author. Newspaper title: The Evening Standard (London, England). Publication date: February 4, 2010. Page number: 10. © Not available. Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.