REVscene Automotive Forum - $115m sculpture sold @ auction

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$115m sculpture sold @ auction - World Record

This is nuts. Would you pay $115m USD for this?

The premium alone is more than what many of us will make in our lifetimes.

http://news.bbc.co.uk/2/hi/uk_news/8497287.stm

Quote:

Giacometti sculpture fetches £65m at Sotheby's auction

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.

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.

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.

Georgina Adam, editor-at-large of The Art Newspaper, said the price was so high because there were so few Giacometti sculptures and it was very rare for them to be put up for auction.

She told the BBC: "There's a market which is sort of exceptional for exceptional things.

"If something is a one in a lifetime opportunity, people will really step up to the plate and they will spend enormous amounts of money because it was a now or never opportunity."

The previous record for an art work sold at auction -$104,168,000 (£58,520,830) - was held by Pablo Picasso's Garcon a la Pipe which sold in New York in 2004.

Other works have reached more in private sales. Jackson Pollock's No5, 1948, reached $140m (£73m at the time) in 2006.

The moment the sculpture sold at Sotheby's

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, above the £12m to £18m estimate.

Paul Cezanne's Pichet et fruits sur une table was sold for just under £12m.

Melanie Clore, of Sotheby's Impressionist and Modern Art department, said: "We are thrilled to have sold these great works this evening and that they have been recognised for the masterpieces that they are.

"The competition which generated these exceptional results demonstrates the continued quest for quality that compels today's collectors."

just buy a godamn good high quality replica for like 20 000 euro

this one is more funny.... 15 mill.....

NSFW

Spoiler!

[QUOTE=StevenDuang;6802515]this one is more funny.... 15 mill.....

NSFW

When I saw "NSFW" I immediately thought about that... :D... I guess it's LV power!!!

do they have to pay in cash?

arts always been the most popular form of money laundering

this must be another case of it... cuz jesus..... thats just -_-

for 65 million, I would buy many many cars.... spend it on drugs, hookers, penthouses

Quote:

Originally Posted by StevenDuang (Post 6802515)

this one is more funny.... 15 mill.....

NSFW

Spoiler!

[mod]Dont post NWS shit in this forum. There's spoiler tag in that one for a reason.[/mod]

lol fuck donate that money to a good cause....

wow i think all high school-ers, at least from my school, made those statues in grade 8 with coat hangers and paper-mache

lol... I've always wondered how something is defined as being rare and valued.

There's many sculptures and paintings that are worth tons. And basically only cause they
are rare. Not necessarily because the artwork itself is even good.

So what's the difference if I made some random crap? It would be the only one in the world,
and I guarantee no one's willing to pay more than $5 for it.... if even.

Quote:

Originally Posted by AzNightmare (Post 6803653)

LOL are you comparing yourself to the likes of Picasso and Michelangelo? It's not only because something is rare that the price is so high, it also matters who made it ;) And by the way, art is worth whatever someone is willing to pay for it.

Quote:

Originally Posted by AzNightmare (Post 6803653)

because you are AzNightmare who is banned from RS and not Giacometti.

I'll bet you if the Queen took a shit and put it on ebay, ppl will buy it for $1mil, whereas if i put my shit on ebay, i'll get my account banned.