Update November 10, 2015

Dhaka 1-59 pm, 05-August, 2020

$170.4m for Modigliani girl in NY

Sumel Sarker

modigilaniii

$170.4m for Modigliani girl in NY

10 November 2015, Nirapad News: A Chinese collector snapped up a sensuous Modigliani nude for $170.4 million in New York, setting a new world record price at auction for the Italian artist in a bumper Christie’s sale.

The evening auction also set world auction records for US pop artist Roy Lichtenstein, whose “Nurse” fetched $95.37 million, as well as for 19th century French painter Gustave Courbet.

It raked in a total of $491.35 million, busting pre-sale estimates of $443 million marking a return to form after a sluggish opening auction at Sotheby’s suggested that bumper profits might be levelling off.

Modigliani’s “Nu Couche” or “Reclining Nude,” painted in 1917-18, sold after a frantic nine-minute bidding war between seven would-be buyers on the first time the painting has ever come to auction.

It was the second highest price ever achieved at auction for a work or art and applause erupted in the packed room when the sale concluded — clinched by a Chinese buyer on the telephone, Christie’s said.

It was just $9 million shy of the world record of $179.4 million for Picasso’s “The Women of Algiers (Version 0)” — which the auction house sold in New York last May in a record-breaking spring season.

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