THE TEN MOST EXPENSIVE PIECES OF ART EVER SOLD
You would think that the current doldrums with bear markets worldwide, discussions of entire countries in imminent bankruptcy, the banker-induced housing crisis here and unemployment rolls hitting record heights, the appetite for buying art might have dried up. Um, nope.
Apparently for art collectors with big pockets, a keen eye, and good intuition there’s no such a thing as a recession. Art continues to be made, bought and sold regardless of the economic environment, if the recent record sale of Alberto Giacometti’s “Walking Man I” for a whopping $104.3 was any indication. It was the most expensive artwork ever sold at an auction.
The 1961 “L’Homme Qui Marche I,” a life-size sculpture of walking human figure is 72 inches (183 centimeters) tall. According to Sotheby’s auction house, it “represents the pinnacle of Giacometti’s experimentation with the human form” and is “both a humble image of an ordinary man, and a potent symbol of humanity,”
Here’s a chart of the ten most expensive pieces of art ever sold throughout booming economies, bull markets and financial crisis regardless.
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Also check out a new interview by Sebastian Buck of Fauxreel at GOOD.