Wednesday 13 November 2013

Francis Bacon paintings of Lucian Freud sell for record US$142.4m


Francis Bacon's three-panelled painting Three Studies of Lucian Freud has become the most expensive work of art ever sold at auction, soaring to US$142.4m at Christie's.
The 1969 triptych, never before offered at auction, had carried a pre-sale estimate of about $85m. In the end it easily eclipsed the $119.9m price of Edvard Munch's The Scream, achieved in May 2012 year at Sotheby's. The previous record for a Bacon work of art was $86.3m set in 2008.
The monumental painting depicts the Dublin-born painter's friend and fellow artist Lucian Freud on a chair, with a view from each side and one face-on. Christie's called it "a true masterpiece that marks Bacon and Freud's relationship" and their "creative and emotional kinship".
With bidding starting at a whopping $80m, it sold after a protracted bidding war both in the packed New York salesroom and via telephone. Christie's did not disclose the identity of the successful buyer.
Source:  theguardian

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