Dec 24, 2020 04:53 AM EST
The auction house duopoly Christie's and Sotheby's, brought sellers and buyers together for centuries to compete with bidding wars. Some of the major auctions set records for different artists in a single night, though the art market experienced ups and downs with the wider economy.
Here are some of the items that has been the most expensive sculptures ever to sell at an auction, according to CNN:
"L'Homme au doigt" by Swiss sculptor Alberto Giacometti was auctioned for $141.3m at Christie's in New York City on May 11, 2015, setting the record for most expensive sculpture sold at an auction. https://t.co/NGgoVNnSCa pic.twitter.com/C0yQrRw72b— Trivia Encyclopedia (@edpearce080759) May 11, 2018
The six-foot-tall bronze painted sculpture of a man pointing was on the market in 1970. The sculpture was sold in Christie's New York in 2015 at the price of $141.3 million. According to the New York Times, Steven A. Cohen, hedge fund billionaire, bought the world-class work, which experts know its other versions of the same sculpture in the holdings of London's Tate Gallery and the Museum of Modern Art in New York.
.@alykhansatchu L'Homme qui marche I (The Walking Man I), by Alberto Giacometti (1901-1966), is a bronze-cast sculpture of a 6 foot tall man, mid-stride https://t.co/FJWEvJASiv pic.twitter.com/dM9gaCj9Ye— Rich TvAfrica (@RichTvAfrica) June 28, 2019
In 2010, L'Homme qui marche l was sold in Sotheby's auction to Lily Safra, a billionaire philanthropist at the price of $104.3 million, as per Bloomberg News.
Albert Giacometti is best known for his elongated representations of the human form, including 'L 'Homme qui marche I' which means in english "Walking Man I. Giacometti experimented with Surrealism and Cubism on forms of primitive art, toys, and psychoanalytic theory. He also had a radical revision of the representational tradition in sculpture, as per Artsy.
Read also: 7 Biggest Dominant Consumer Trends in 2020
Steven A. Cohen proved his love for sculptures as he also has this worth $101 million item by Alberto Giacometti. 'Chariot' was sold in Sotheby's New York in 2014.
In 1984, Sotheby's sold the same version of the sculpture for about $1.4 million. The sculpture fetched the second-highest price for a Giacomettu, and the second-highest ever for a sculpture sold in an auction.
The father of Secretary of the Treasury Steven Mnuchin, Robert Mnuchin bid on behalf of Steven A. Cohen, bought the sculpture 'Rabbit' by Jeff Koons worth $91 million in May 2019.
The Victorian painting portraying two women in love lost in history. During the 1980s, the painting was created by an artist who previously was a stockbroker, an exact copy of the inflatable toy exemplifies a whole body of work,but others say it's an arch commentary on consumer culture.
#AuctionUpdate ‘La jeune fille sophistiquée (Portrait de Nancy Cunard)’ by Constantin Brancusi sold for $71,000,000, a new #WorldAuctionRecord for the artist!https://t.co/xza5EjtDhN pic.twitter.com/jyBiZnyAFJ— Christie's (@ChristiesInc) May 15, 2018
In 2018, 'La jeune fille sophistiquée was sold for $71.2 million in Christie's New York. the piece had been off the market since 195. The seller bought it directly from the artist and sold it to the second person to own the piece.
According to Christie's catalog, Cunard said, "There was one (sculpture) in wood, the other in bronze, both utterly unlike what I take to be my 'line,' but exquisite things."
Read also: How Cinema Industry Changed Due to COVID-19
And the world of NFTs expands far beyond art and collectibles. A new era of tokenized digital assets is being created using the blockchain. Here are seven unique NFT use cases that the interested investor should know.
However, there are some simple steps that anyone can take which will help to improve their performance when it comes to trading foreign exchange markets. Here are ten small things that can make a big difference in your FX trading success.
o prevent significant losses, risk management expertise is essential. His adage, "Rule No. 1: Never lose money," has become a stock market classic. Never forget Rule No. 1; this is Rule No. 2. This practice is followed by even the most successful investor, Warren Buffett, who advises others to follow suit.
One of the significant advancements is shifting the payment operations for remote workers. If the compliances are not met, it may lead to severe legal complications. The owner and organization may be held labially separately. The remote working lifestyle continuously grows and is a testament to becoming an endless working mode. Today we discuss components for payroll for remote workers
BRG International Founder Matias Alem had recognized this fact for a few years. So he remodeled his real estate brokerage into something completely new to solve the problem for his jet-setting international client base.
Ryan Early, hailed as 'Farmer Ryan' among sustainable agriculture experts, is a busy man. He has a laundry list of companies to his name, including Blue-Green Ventures, the company behind the revolutionary product, Blue MagicTM, a non-toxic and eco-sustainable pest preventative product using his patented BiomeMax TM Pheromonal Replication Technology.
Investor, financier, and expert in both cryptocurrencies and blockchain technology, Joy Mbanugo is the go-to in the sector. She has vast experience and knowledge across tax services, auditing, business operations, financial analysis, capital markets, and other specializations.
When Nick Collins was just 14 years old, he started his first business, which included around-the-clock phone calls and numerous questions from his parents. In fact, he began building his stout portfolio in the seventh grade by doing web design, incorporating creative content with brand strategies and plugging in a then-fledgling tech Flash.
Barry Gabster is the founder of InitiateU and is a leading proponent of the marketing mailer revolution, having already taken his company to 10x growth in 2021, alone. In fact, the exponential growth has seen the company rise from $800K-$8.5M just on word-of-mouth referrals.