A large-scale metal sculpture by American artist David Smith has become the most expensive work of contemporary art ever sold at auction, fetching 23.8 million dollars at Sotheby's in New York.
Five bidders competed for Smith's "Cubi XXVII" which was the starting lot at a Wednesday evening sale of 54 contemporary works that brought in 114.5 million dollars.
The 1965 sculpture was finally snapped up by Manhattan dealer Larry Gagosian at nearly twice its high estimate of 12 million dollars.
You gotta be shittin' me? Are people that stupid? I could build that on a weekend and I'd sell it for 1/2 that!
Friday, November 11, 2005
$24 Million! What a deal!
A large-scale metal sculpture by American artist David Smith has become the most expensive work of contemporary art ever sold at auction, fetching 23.8 million dollars at Sotheby's in New York.
Five bidders competed for Smith's "Cubi XXVII" which was the starting lot at a Wednesday evening sale of 54 contemporary works that brought in 114.5 million dollars.
The 1965 sculpture was finally snapped up by Manhattan dealer Larry Gagosian at nearly twice its high estimate of 12 million dollars.
You gotta be shittin' me? Are people that stupid? I could build that on a weekend and I'd sell it for 1/2 that!
WANTED
Dead or Alive
