Friday, November 15, 2013

Auction Record Results - posted by Florida Fine Art Blog

Artist Francis Bacon's 'Three Studies of Lucian Freud' is seen during a 
press preview at Christie's Auction House in New York. (Shannon Stapleton/Reuters)

/ Reuters

NEW YORK (Reuters) - The record breaking $142.4 million sale of Francis Bacon's "Three Studies of Lucian Freud" shows confidence in the art market and that the very wealthy see it as a safe haven for their money, experts said on Wednesday.

Bacon's 1969 three-panel painting, the most valuable ever sold at auction, was one of 10 world record prices set at Christie's Tuesday evening sale of post-war and contemporary art. The New York event achieved the highest auction total in art market history with $691 million in sales.

Jeff Koons' sculpture, "Balloon Dog (Orange)" fetched $58.4 million, the highest auction price for a work by a living artist.

Read Full Reuters article here

This file photo provided by Sotheby's shows "Silver Car Crash (Double Disaster)" by Andy Warhol. 

A Warhol Sells for $105 Million at Auction

Read more from Time here
Nice NY Times article by Roberta Smith about the new record prices found here


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