Giacometti sculpture fetches record $104 million

By Bea Karnes, News First 5

Posted : Feb 5, 2010 12:11 PM
Updated: Feb 5, 2010 12:13 PM

A life-size bronze sculpture of a man by Alberto Giacometti was sold Wednesday at a London auction for $104.3 million - a world record for the most expensive work of art ever sold at auction, Sotheby's auction house said.

It took just eight minutes of furious bidding for about ten bidders to reach the hammer price for "L'Homme Qui Marche I" (Walking Man I), which opened at 12 million pounds, Sotheby's said.

The sculpture by the 20th century Swiss artist, considered an iconic Giacometti work as well as one of the most recognizable images of modern art, was sold to an anonymous bidder by telephone, the auction house said.

 

 

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