The worlds second expensive piece of art is snapped by a former Chinese taxi driver for $170.4 mil

Amedeo Clemente Modigliani was an Italian artist, born in 1884. He lived in France where he developed and established his career. He was most known for portraits and nudes. One of which was ‘Reclining Nude’ which is claimed to have been done in 1917/18. It created a scandal it seems when it was first showcased in Paris, where a lady lay nude on a red couch with a blue pillow. Sadly, in 1920, Amedeo died due to tubercular meningitis ‘exacerbated by poverty, overworking and excessive use of alcohol and narcotics. The irony – a century after this tragic ending, this painting has fetched a staggering $170.4 million – the second most expensive piece of art in the history of art auctioning.

This was part of Christie’s special auction – The Artist’s Muse which held a collection of paintings and sculptures from 1860s to 2000s. The painting was bought by Liu Yiqian, a Chinese taxi driver who turned billionaire art collector. This whole sale seems to be something that could feed into a novelist’s imagination, or a script writer’s brain. Tragedy that shuns a light, only to resurface in another form a century later. Intriguing. But sans the drama, this sale also goes to show just how prosperous the art business has become. People are investing heavily into art, breaking all records and raising the million dollar question – is this really worth it? Then someone splurges $3 million on champagne for a birthday party and you can you sit back thinking, ‘ah yes. But of course.’