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
- Kissinger Memo from 1972: Make the North Vietnamese think Nixon and I are crazy
- How Much U.S. History Do Americans Actually Know? Less Than You Think.
- Ice cream cone named after Adolf Hitler on sale in India sparks anger in Germany
- Expressing Outrage over Attacks on Cultural Heritage of Iraq, General Assembly Unanimously Adopts Resolution Calling for Urgent Action
- Isis Palmyra demolition has begun with ancient God Lion statue destroyed
- NYT hosts debate including Eric Foner: How Americans should remember Reconstruction
- William Leuchtenburg says historians and the media have been too hard on Obama
- Hugh Ambrose, historian who helped develop WWII Museum, dead at 48
- Historian discounts claim that Churchill and other British PM's were gay
- Nick Bunker Wins $50,000 2015 George Washington Book Prize