Elliott in Gotham

Edvard Munch’s “The Scream” sold at Sotheby’s in New York this evening for a hammer price of $107 million, or $119.9 million with commission, setting a record for the highest price ever paid for a work of art at auction.  It surpassed slightly the earlier record held by Picasso’s “Nude, Green Leaves, and Bust,” which sold for $106.5 in May 2010.

Sotheby’s spectacular auction made a total of $330.6m, the highest total ever for an Impressionist & Modern Art sale.  The sale included a portion of the stunning collection of the late billionaire Teddy Forstmann described in our posting of last March 20.  The luscious “Nu adossé I” of Tamara de Lempicka, whose history we included in our entry of March 28, also sold in tonight’s auction.

Here are the entire 12 minutes of bidding on “The Scream” at Sotheby’s, the evening of May 2, 2012:


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