What would you do if you were a
among the worlds richest people and had billions to spend? Would you spend it
on artwork from famous artists? Some might think no and come up with a million
different and better things for all that money could buy. However some people
do just this, they spend millions at auctions for artwork for reasons that could
range from love, to reputation, to greediness, etc. For reasons unknown to me
seven bidders fought for three beautiful pieces by Francis Bacon. It’s a
triptych of Bacon’s friend and rival Lucian Freud.
Bacon, Francis. Triptych of Lucian Freud. 1969. Oil on canvas
98 cm
× 147.5 cm for each canvas. Private
collection
The winner was William
Acquavella who paid $142.4 million. It’s said that Acquavella bought these
pieces on behalf of someone else but whether he did or not he still outbid
everyone else for it. It currently holds the record for the most expensive
piece of art sold at an auction. Originally Christies predicted the piece would
sell for $85 million. Christies has been advertising the sale of this piece and
the other 69 that were put for sale. The saleroom was very full and a lot of
the space became standing room only. The
previous record was held by the painting The Scream by Edward Munch.
Munch, Edvard. The Scream. 1893. Oil, tempura, and pastel on cardboard
91 cm × 73.5 cm. National Gallery, Oslo , Norway .
This
sale had five bidders and it went for $119.9 million to an unknown buyer in
2012 at Sotheby’s in New York .
When this sale held the record it also was named the most expensive drawing
that was publically sold. The location in this drawing is of Ekberg hill which
was a popular spot for suicides. Another
artwork sold for a large sum is Picasso’s 1932 Nude, Green Leaves, and Bust
sold at Christies.
Picasso. Nude, Green Leaves, and Bust. 1932. Oil on canvas
162 cm × 130 cm. Private collection
Six bidders battled for this masterpiece only for it to be
won by Nicholas Hall for $106.5 million. This picture is about Picasso’s Marie
Therese reclining naked and it was sold by Christies in New York . Boy
with a Pipe by Picasso was sold at Christies in New York .
Picasso, Pablo. Boy with a Pipe. 1905. Oil on canvas
00 cm × 81.3 cm. Private Collection
It sold for $104.1 million to an
anonymous buyer. This work was part of Picasso’s rose period and was done in
1905. There were other Picasso works for sale the day this one was up but none sold
for such a staggering amount as this one. Van
Gogh’s Portrait of Dr. Gachet was another big seller.
Van Gogh, Vincent. Portrait of Dr. Gachet.
1890. Oil on canvas
67 cm
× 56 cm. Private
Collection
The Kobayashi Gallery of
Tokyo bought this piece for $82.5 million at Christies in New York . This gallery jumped into the war
for this piece at around $40 million and applause rang out when the piece was
won. This piece depicts the doctor that helped van Gogh and encouraged him to
continue painting. Besides
public sales there are also private sales and the highest paid private sale was
for a Picasso’s La Reve for $155 million.
Picasso, Pablo. Le Reve. 1932. Oil on canvas. 130 cm × 97 cm
Private collection of Steven A.
Cohen
Steven Cohen bought this piece from
Steve Wynn. It’s the highest paid price by a U.S. collector for an artwork. The
piece is about Marie Therese Walter who was the artist’s mistress, model and
muse. She was supported financially by Picasso. She was one of Picasso’s greatest
loves for nearly a decade and for years she inspired a lot of his works from
paintings to sculptures.
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