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November 17, 2013

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New York - Francis Bacon art sets auction record

A 1969 painting by British artist Francis Bacon set a world record for the most expensive artwork ever sold at auction and a sculpture by Jeff Koons broke a world auction record for a living artist at a Manhattan sale on Tuesday.

“Three Studies of Lucian Freud” was purchased for US$142.4 million at Christie’s postwar and contemporary art sale Tuesday evening. The triptych depicts Bacon’s artist friend.

The work sold after “six minutes of fierce bidding in the room and on the phone” to Acquavella Galleries in Manhattan, Christie’s said in a statement. The price included the buyer’s premium.

The price tag surpassed the nearly US$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.

Also up for sale at Christie’s was Koons’ whimsical “Balloon Dog (Orange),” a 3-meter-tall stainless steel sculpture resembling a twisted child’s party balloon. It sold for US$58.4 million, a world auction record for the artist and a world auction record for a living artist.




 

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