Art Dealer Sells Raphael for 100,000 Times the Price He Paid
The portrait of the Florentine ruler Lorenzo de' Medici set a record for the Italian painter at the Christie's International sale in London. Spanierman bought the work for $325 at a 1968 New York auction when scholars didn't believe it was by Raphael. Dealers said he tried and failed to sell it himself before consigning it to Christie's.
A contest between two telephone bidders took the price above the presale high estimate of 15 million pounds, showing how Christie's and rival Sotheby's are winning business from galleries for top works as new millionaires pitch bids from around the world.
comments powered by Disqus
- West Point historian says if his cadets can understand the history of war, so can Congress
- Australian historian Alan Atkinson wins $100,000 literary prize
- Duke honors historian John Hope Franklin with year-long series of events
- What New Left History Gave Us