$104M sculpture becomes most expensive work ever sold at auction

today sold a life-size bronze sculpture by Alberto Giacometti forGiacometti_Lhomme_qui_marche.jpg £65M, ($104M USD) setting the bar as the most expensive work ever sold at auction.

The piece is titled “L’Homme Qui Marche” and now ranks among Vincent van Gogh‘s esteemed “Portrait of Dr. Gachet,” which sold for $83.5 million in 1990, and Pablo Picasso‘s Garçon a la pipe,” which sold for $104.1 million by Sotheby’s New York in May 2004.

Press reports say bidders spent all of 8 minutes driving the price far beyond the sculpture’s pre-auction estimate of £12m to £18m. The final bidder was anonymous and placed his bid through the telephone.

The £65m price tag
includes the buyer’s premium.

Giacometti (1901-1966) created a diverse body of work. The Swiss artist was considered primarily a contributor to the Surrealist Movement and worked as a sculptor, painter, draughtsman and printmaker. His L’Homme Qui Marche is considered by critics to be one of the most important works Giacometti ever accomplished.

-Posted by Eric Bradley


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