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Edvard Munch: The Scream Sells For $119m at Auction

Posted: May 3rd, 2012 | Author: | Filed under: Art News | Tags: , , , , , , , , | Comments Off on Edvard Munch: The Scream Sells For $119m at Auction

Edvard Munch: The Scream Selle For $119m at AuctionThe only privately owned version of Edvard Munch’s The Scream – one of the most recognisable paintings in history – has set a new world record, selling for $US119.9 million at Sotheby’s in New York.

Heated competition between seven bidders took the price tag to the highest for a work of art at auction in just 12 minutes. The packed sales room erupted into applause and cheering when the hammer went down.

An unnamed telephone bidder gave the final offer of $119,922,500, including commission, far exceeding pre-sales estimates of about $US80 million.

“A group of seven bidders jumped into the competition early, but it was a prolonged battle between two highly determined phone bidders that carried the final selling price to its historic level,” said Sotheby’s spokesman Darrell Rocha:: Read the full article »»»»