Francis Bacon Triptych Sells for $86 Million
Jarrett Martineau | May 14, 2008 at 07:29 pmby
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A Francis Bacon painting, "Triptych, 1976" set a world record for a contemporary art auction, when it sold for more than $86 milllion at a Sotheby's auction in New York on Wednesday.
A three-panel masterpiece by Francis Bacon broke a record for contemporary art auctions Wednesday, selling for more than $86 million after three bidders vied for it, a spokeswoman for the auction house said.
The $86,281,000 price for "Triptych, 1976" also set an auction record for the British artist, Sotheby's spokeswoman Lauren Gioia said.
She said the sale also broke auction records for work by pop artist Robert Rauschenberg, who died Monday at 82. His 1963 painting "Overdrive" sold for some $14.6 million, Gioia said.
Both buyers were anonymous, and the prices included the auction house's commission, known as a buyer's premium.
The bidding for "Triptych, 1976" rocketed past an estimate of $70 million for the painting, which is full of symbolism and draws on ancient Greek mythology.