GIACOMETTI SCULPTURE SELLS FOR $104 MILLION

giacometti-sculpture

The global financial crisis hasn’t affected everyone.

According to Sotheby’s auction house, a life-size bronze sculpture by Alberto Giacometti has sold for a world record $104 million. It marks the most ever paid for art at auction.

Cast in 1961, “L’Homme Qui Marche I” (”Walking Man I”) is smong six pieces by the Swiss-born artist.

As for the lucky seller? The Germany-based Commerzbank, which acquired it a year ago when it bought Dresdner Bank and its art collection.

The piece was sold to an anonymous bidder by telephone. Bidding opened at a petty $24 million.

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