"L'Homme qui marche I" or ''Walking Man I" by Swiss artist Alberto Giacometti sold at Sotheby's on February 3 for $104.3 million, setting a world record for the most expensive work ever sold at auction. The previous record was held by a Picasso painting, "Garçon à la Pipe".
The statue was sold by German banking firm Commerzbank AG, which acquired it when it took over Dresdner Bank in 2009. Dresdner acquired the sculpture in 1980.
The record was reached in just eight minutes of "fast and furious" bidding, according to Sotheby's, with at least ten potential purchasers battling it out for the rare work in a hushed sale room.
Sotheby's did not identify the buyer, saying only that it was an anonymous telephone bidder.
The record was reached in just eight minutes of "fast and furious" bidding, according to Sotheby's, with at least ten potential purchasers battling it out for the rare work in a hushed sale room.
Sotheby's did not identify the buyer, saying only that it was an anonymous telephone bidder.
From swissinfo.ch
Can you imagine spending $104.3 million in less than eight minutes?
104 million is a bit too much, but I do love these statues. Giacometti's works are all throughout Lugano along the lakeside. Love it.
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