Modigliani sculpture sets record price in France

  • June 15, 2010 22:42

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Christie's France President Francois de Ricqles directs an auction of an Amadeo Modigliani's sculpture, "Head", at Christie's auction house in Paris, Monday, June, 14, 2010.

Another early twentieth century master is trending mightily upwards on the auction market. Amedeo Modigliani's (Italian, 1884-1920) limestone sculpture of an elongated head with almond-shaped eyes, titled Tête, sold for more than $50 million at a Christie's auction in Paris Monday night.

While the piece didn't break the world record price for any artwork, which was recently set by a Picasso ($106.5 million), it did achieve the highest price ever paid for the artist, and for a work of art auctioned in France, according to Christie's.

The hammer price of 43.185 million euros far exceeded the pre-sale estimate of 4 million to 6 million euros.

American and Western European bidders battled for the lot which came from a collection formed by French supermarket mogul Gaston Levy (d. 1977) and kept in his family.

Read more at CBC News

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