Top Art Auction Sale

Edvard Munch's "The Scream" auctioned at Sotheby's New York. Image credit: Getty Images

According to Forbes Magazine, in May of 2012, a new art record was set “…when Edvard Munch’s ‘The Scream’ sold at Sotheby’s New York for $119.9 million [10+08]. It became the most expensive art work ever sold at auction, easily trouncing the reigning champ Pablo Picasso’s ‘Nude Green Leaves and Bust,’ which sold at Christie’s New York for $106.5 million in 2010. Only two [10+00] other pieces, or four total, have ever sold for nine figures. Alberto Giacometti’s ‘L’Homme qui marche I’ was auctioned off shortly before the Picasso in 2010 for $104 million. The buyer was rumored to be Monaco billionaire [10+09] Lily Safra but as is common in these situations, it has never been publicly confirmed. The fourth was yet another Picasso, ‘Garcon a la Pipe,’ which sold in 2004 for $104 million.”

To read the complete article, click here.

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