Tuesday, February 9th, 2010
Giacometti Auction Breaks World Auction Record
When the hammer came down at $92.5 million ($104 million with fees) this past Wednesday evening, Alberto Giacometti’s Walking Man I broke the world record for a single work of art sold at auction. The six foot bronze eclipsed initial estimates of aprox. $19 million – $29 million, and was offered as part of Sotheby’s London Impressionist and Modern Art Evening Sale after being consigned by the German Dresdner Bank. The monumental sale breaks the previous record, which was set in 2004 when Picasso’s Boy With a Pipe, sold (view lot record) at the auction house in New York for $104.1 million.
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