Most expensive work of art ever sold at auction – Giacometti L’Homme qui marche I sculpture fetches $104.3million


Sotheby’s modern art auction was expected to create records with some of the artworks slated to fetch millions of dollars. As expected, most of the artworks at this auction fetched more than their estimated sums. But one piece of art that had many art connoisseurs and collector interested was the rare life-size sculpture, L’Homme qui marche I by Alberto Giacometti. Believe it or not, this sculpture that was expected to fetch $29.1 million has fetched a whopping $104.3million! The high amount has made this sculpture the most expensive work of art ever sold at auction. It took just eight minutes to reach this enormous price and the sculpture was finally sold to an anonymous bidder by telephone. The sculpture had created interest among the art loving community as it was the only cast of the walking man made during Giacometti’s lifetime that has ever come to auction.

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Looks like when it comes to rare art, price is definitely not a concern for some folks.
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[Yahoo]