The Alberto Giacometti bronze sculpture "L'homme qui marche I" ("Walking Man I") sold last week for $104,327,006. It is the most expensive artwork ever sold at auction. It auctioned February 3 at Sotheby's in London. Why should the average collector care? Because it's an indication that art is a good investment even in tough economic times. Other reports about recent shows and auctions suggest that collectors are starting to buy again, but they want the best.
7 comments:
I kept looking for the decimal point! How big is the sculpture?
A lot of money but not "the most expensive artwork ever sold at auction." Paintings by Pollock, de Kooning and Klimt have all sold for significantly more at auction ($135-140 million each).
Are you kidding ... over $104 million dollars! WOW!!! I also looked for the decimal point!
Well, any of the above prices are ludicrous and say an awful lot about anyone who would so conspicuously toss money away. Sure, I like to make a few bucks, or even a lot of bucks, off of an antique I might find, or a piece of sculpture like this. But $100+ million is appalling, a terrible comment on the buyer and the bidders who pumped him/her up.
I agree with I.M. Lost. Pure self absorption by the buyer. The land we could put into conservation for that amount......
There were a series of six by the sculptor. Number 1 of the series resides at the Carnegie Museum of Art in Pittsburgh. Not many time you can stand next to a hundred million dollars...including buyers premium.
My church has several oil paintings but we can't figure out the signatures. What's the best way to handle. We do not have $800.00 per picture for appraislas.
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