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Sculpture fetches £65m at auction | Sculpture fetches £65m at auction |
(10 minutes later) | |
A life-size bronze sculpture of a man by Alberto Giacometti has been sold at auction in London for the world record price of £65,001,250. | A life-size bronze sculpture of a man by Alberto Giacometti has been sold at auction in London for the world record price of £65,001,250. |
It took just eight minutes for bidders to reach the hammer price after L'Homme Qui Marche I opened at £12m at Sotheby's auction house. | It took just eight minutes for bidders to reach the hammer price after L'Homme Qui Marche I opened at £12m at Sotheby's auction house. |
Sotheby's said it was the most expensive work ever sold at auction. | Sotheby's said it was the most expensive work ever sold at auction. |
An anonymous phone bidder bought the work for £58m. The £65m price tag includes the buyer's premium. | An anonymous phone bidder bought the work for £58m. The £65m price tag includes the buyer's premium. |
The sculpture is considered to be one of the most important by the 20th Century Swiss artist. | The sculpture is considered to be one of the most important by the 20th Century Swiss artist. |
It had been estimated to sell for between £12m and £18m but furious bidding saw more than 10 rivals bump the price up, eventually reaching the hammer price of £58m. | It had been estimated to sell for between £12m and £18m but furious bidding saw more than 10 rivals bump the price up, eventually reaching the hammer price of £58m. |
The previous record for an art work sold at auction - US$104,168,000 (£58,520,830) - was held by Pablo Picasso's Garcon a la Pipe which sold in New York in 2004. | The previous record for an art work sold at auction - US$104,168,000 (£58,520,830) - was held by Pablo Picasso's Garcon a la Pipe which sold in New York in 2004. |
Another art work also exceeded expectations at Sotheby's Impressionist and Modern Art sale. | Another art work also exceeded expectations at Sotheby's Impressionist and Modern Art sale. |
Gustav Klimt's Kirche in Cassone went for £26,921,250, far above the £12m to £18m estimate. | Gustav Klimt's Kirche in Cassone went for £26,921,250, far above the £12m to £18m estimate. |