$109M Giacometti sets new record
A life-sized sculpture of a man by Swiss sculptor Alberto Giacometti sold at auction in London Wednesday for $109.4 million, a record for any work of art.
L'homme qui marche I (Walking Man I) sold at Sotheby's auction house to an anonymous buyer who bid over the phone.
Sotheby's had estimated the bronze sculpture would sell for $20 million to $30 million, but called it one of most important works by Giacometti.
Giacometti, who lived 1901 to 1966, was a key player in surrealism and son of the painter Giovanni Giacometti.
The previous record for any work was $104 million for a Picasso painting, Boy with a Pipe, which sold in 2004.
Sotheby's said bidding was brisk due to strong demand for quality works of impressionist and modern art.
Other works that sold at the same auction Wednesday:
- Gustav Klimt's Kirche in Cassone went for $45.4 million.
- Paul Cézanne's Pichet et Fruits sur une table sold for $20 million.
With files from The Associated Press