Francis Bacon’s ‘Three Studies of Lucian Freud’ Becomes Most Expensive Artwork Sold Ever

” Three Studies of Lucian Freud” , an 1969 artwork by the Irish painter Francis Bacon, has become the highest ever grossing artwork when it was sold at the Christie’s auction house at a price of $142.4 million to the highest bidder.

  • Its a 3 paneled painting depicting Lucian Freud (friend of Bacon and also a fellow artist) on a chair with three panels showing his view from three side(showing only one side of face).                                           Francis Bacon's 'Three Studies of Lucian
  • “The Scream,” by Edvard Munch had earlier grossed $119.9 m in May 2012 at a Sotheby’s auction.

Another record at the Auction : Highest ever price achieved by any living artist ($58.4 million) Francis Bacon’s ‘Three Studies of Lucian Freud  :- “Balloon Dog (Orange),”

  • a 10ft stainless steel sculpture by Jeff Koons it resembles twisted baloons is one of the 5 sculpture created in 5 colours
  • “Domplatz, Mailand (Cathedral Square, Milan)” of Gerhard Richter held the previous record at $37.1 m (sold in early 2013).

with a total sale of over $691.5m, it is the highest total for any single auction in history.

Other $100m Price tag Artworks :

  • Picasso, Nude, Green Leaves, and Bust – $106.5m (2010)
  • Alberto Giacometti, Walking Man I – $104.3m (2010)
  • Picasso, Boy With a Pipe – $104.1m (2004)

Some Top Auction Houses of the world :

1.Bonhams : Founded in 1793; based in London specialises in Asian artwork

  • Bonhams and Butterfields : in 2002 Bonhams bought Butterfields (founded in 1865) to set up this co.

2.Christie’s : founded 1766

3.Sotheby’s : Founded 1744 , main offices in London and New York

4.Stockholms Auktionsverk : Founded 1674 in Sweden

  • oldest auction house in the world

5.Dorotheum : established 1707 in Vienna

6.Heritage Auctions : Established 1976

7.Phillips de Pury & Company : Established 1976 in London , currently based in Newyork

9.Tajan : based in Paris

  • France’s largest auction house.

10.Villa Grisebach Auktionen : Founded 1986 in Germany

11.Waddington’s : Established 1850 in Toronto

Some Indian Auction Houses :

1. Osian’s : founded in 2000 by Neville Tuli

  • also holds Osian’s Cinefan Film Festival

2. Saffronart

3. Art Bull

4. Bid & Hammer

5. Pundole’s

Some Indian Artists whose works have fetched high prices in auctions :

1. S. H. Raza : painting titled “Saurashtra” is the most expensive artwork sold (in 2010) of an Indian artist

2.Tyeb Mehta : “Mahisasur” painting was sold at very high prices

3.Subodh Gupta (born 1964) based in New Delhi

specialises in sculpture of brass and stainless steel

4.John Wilkins (1927–1991)

5.Francis Newton Souza (1924 – 2002)

  • “Birth” sold for Rs 10.5 crore in 2007

6.Vasudeo S. Gaitonde (1924–2001)

7.Amrita Sher-Gil (1913 – 1941)

8.Maqbool Fida Husain

9.Manjit Bawa


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