Thursday, November 14, 2013

Francis Bacon painting sells for record $142.4M

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Francis Bacon painting sells for record $142.4M
A woman looks at 'Three Studies of Lucian Freud,' a triptych by Francis Bacon of his friend and artist Lucian Freud during an exhibition at the Galleria Borghese in Rome Nov. 11, 2009.

Bacon's "Three Studies of Lucian Freud," sold for $142.4 million at Christie's New York, making it the most expensive in auction history.
NEW YORK — A 1969 painting by Francis Bacon set a world record for most expensive artwork ever sold at auction.
"Three Studies of Lucian Freud" was purchased for $142,405,000 at Christie's postwar and contemporary art sale on Tuesday night. The triptych depicts Bacon's artist friend.
The work sold after "6 minutes of fierce bidding in the room and on the phone," Christie's said in a statement. The price includes the buyer's premium. Christie's did not say who bought the painting.
The price surpassed the nearly $120 million paid for Edvard Munch's "The Scream," which set a world record when it was sold at Sotheby's in a 2012 sale.
The previous record for Bacon's artwork sold at auction was his 1976 "Triptych." That sold for $86 million in 2008.
Among other highlights scheduled to be auctioned at Christie's is a bright orange-yellow and white oil painting by Mark Rothko. Reminiscent of a radiating sunset, the 1957 large-scale "Untitled (No. 11)" could fetch up to $35 million. In May 2012, Christie's sold Rothko's "Orange, Red, Yellow" for $86.8 million, a record for any contemporary artwork at auction.
Christie's also has an iconic Andy Warhol, "Coca-Cola (3)," estimated to sell for $40 million to $60 million. The Warhol auction record is $71.7 million for "Green Car Crash (Green Burning Car I)," sold in 2007.
On Wednesday evening, Sotheby's is offering Warhol's "Silver Car Crash (Double Disaster)," a provocative double-panel painting that could bring as much as $80 million.
Warhol produced four paintings in the "Death and Disaster" series. The other three are in museums.



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By Ula Ilnytzky of Associated Press
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