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.
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
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