Munch masterpiece fetches auction record / News / The Foreigner

Munch masterpiece fetches auction record. UPDATED: There are unconfirmed reports Edvard Munch's 'The Scream' has been purchased by the Royal Qatari Family. Several Norwegian media are writing news agency DPA claims an anonymous Arab source has told them the Emir of Qatar Hamad bin Khalifa al-Thani and his family are the masterpiece's new owners. Neither the Royal Family nor Sotheby's will confirm this, however. Edvard Munch’s ’The Scream’ went under the hammer for a bank balance-howling net price of USD 107 million at Sotheby’s in New York, Wednesday.

edvardmunchauction, thescreamauctionsothebys



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Munch masterpiece fetches auction record

Published on Thursday, 3rd May, 2012 at 09:20 under the news category, by Michael Sandelson   .
Last Updated on 3rd May 2012 at 14:52.

UPDATED: There are unconfirmed reports Edvard Munch's 'The Scream' has been purchased by the Royal Qatari Family.

Edvard Munch 'The Scream' (1893)
Edvard Munch 'The Scream' (1893)
Photo: Børre Høstland/Nat. Mus. Art, Arch. Des.


Several Norwegian media are writing news agency DPA claims an anonymous Arab source has told them the Emir of Qatar Hamad bin Khalifa al-Thani and his family are the masterpiece's new owners. Neither the Royal Family nor Sotheby's will confirm this, however.

Edvard Munch’s ’The Scream’ went under the hammer for a bank balance-howling net price of USD 107 million at Sotheby’s in New York, Wednesday.

The entire process took 12 minutes with five eager bidders looking to secure the Lot 20 masterpiece, reports The New York Times.

USD 119,922,500 million later, including buyer’s premium, ‘The Scream’ ended its epic journey from now previous owner Petter Olsen’s address in Norway.

Sotheby’s executive vice president and vice chairman of its worldwide Impressionist, modern and contemporary art department, Charles Moffett, was the mystery buyer’s telephone connection with the auction house. Whilst Chinese and English could be heard from the bidders, there are unconfirmed reports another spoke Norwegian.

A pleased 615 million kroner richer Petter Olsen told Norwegian broadcaster NRK, “Munch will still play a significant role in my life. My own Munch gallery at Ramme Gård [located in Vestby municipality, eastern Norway] will focus on life and love.”

“The Scream” has now taken the world record in auction prices out of the capable hands of Picasso’s “Nude Green Leaves and Bust”, which fetched USD 106.5 million at Christie’s two years ago.

Next year sees the 150th Centenary of Edvard Munch’s birth.

Photo: Børre Høstland.
Copyright: The National Museum of Art, Architecture and Design - original version from 1893.



Published on Thursday, 3rd May, 2012 at 09:20 under the news category, by Michael Sandelson   .
Last updated on 3rd May 2012 at 14:52.

This post has the following tags: edvardmunchauction, thescreamauctionsothebys.


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