I can’t get over the whopping sums that are shelled out by buyers during various auctions. Just recently Sir John Madejski made £8million profit when an iconic sculpture by Edgar Degas’s fetched £13.3million ($19.1 million) at Sotheby’s in London. Sir John, chairman of Reading Football Club, paid £5million in February 2004 for Petite danseuse de quatorze ans (Little dancer, aged 14). A private Asian collector finally emerged victor after a fierce bidding battle between three would-be buyers, setting a record price for a Degas sculpture. The beautiful sculpture from the Impressionist period captures a young ballet dancer assuming a delicate and subtle pose and it is considered to be one of the most ambitious and iconic works by Degas. The sculpture of dance student Marie van Goethem was the only one exhibited by the French artist during his lifetime. The wax statue had created quite a stir when it was first exhibited in 1881 and since then it has become one of the few handful of casts to have remained in private hands.
A beauty, we bet Sir John Madejski is quite happy about this record sale.