Would the sale of a famous artwork count as current events? [View all]
Just amazed how some things aren't touched by the economy.
Munch's "The Scream" sells for record $120 million
NEW YORK (Reuters) - Edvard Munch's painting "The Scream," one of the world's most recognizable works of art, sold for $120 million at Sotheby's on Wednesday, setting a new record as the most expensive piece of art ever sold at auction.
The sale at Sotheby's Impressionist and Modern Art auction featured other works by Pablo Picasso, Salvador Dali and Joan Miro, but Munch's vibrant piece was the centerpiece of the auction in a salesroom packed with collectors, bidders and the media.
The vibrant pastel from 1895 was conservatively estimated to sell for about $80 million at Sotheby's, but two determined bidders drove the final price to $107 million, or $119,922,500 including commission, during a 15-minute bidding war.
One of four versions by the Scandinavian painter, which was being sold by Norwegian businessman Petter Olsen, "The Scream" easily eclipsed the old auction record held by Picasso's "Nude, Green Leaves and Bust," which went for $106.5 million at Christie's two years ago.
http://articles.orlandosentinel.com/2012-05-02/entertainment/sns-rt-us-thescream-auctionbre84200m-20120502_1_modern-art-auction-sotheby-editorial-cartoons
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