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Colombia's Botero, Mexico's Tamayo lead N.Y. Latam art sales

By Walker Simon NEW YORK (Reuters) - A Fernando Botero reworking of Paul Cezanne's "The Card Players" and a Rufino Tamayo portrait of women are expected to be the top-selling works in Latin American art auctions next week in New York. Sotheby's predicts sales of up to $29.6 million for its two-day sales on November 20-21, and Christie's says its total for auctions on November 19-20 could reach $22.2 million .

Global art market sizzles with $142 million Bacon sale

By Patricia Reaney NEW YORK (Reuters) - The record breaking $142.4 million sale of Francis Bacon's "Three Studies of Lucian Freud" shows confidence in the art market and that the very wealthy see it as a safe haven for their money, experts said on Wednesday.

Global art market sizzles with $142 million Bacon sale

By Patricia Reaney NEW YORK (Reuters) - The record breaking $142.4 million sale of Francis Bacon's "Three Studies of Lucian Freud" shows confidence in the art market and that the very wealthy see it as a safe haven for their money, experts said on Wednesday.

Under the hammer: record art auctions

A triptych by British painter Francis Bacon -- "Three Studies of Lucian Freud" -- sold for $142.4 million on Tuesday, smashing the world record for the most expensive piece of art auctioned. The absolute record was set in 2011 however with the private sale of a Paul Cezanne painting, "The Card Players", to the Qatari royal family for $250 million according to the magazine Vanity Fair. The exact value of private sales is often not revealed. Below is a list of the 15 most expensive art works ever sold at an auction. Unless stated otherwise, all are paintings.

Bacon painting sets new $142.4 mn art record

A work by British painter Francis Bacon was sold for $142.4 million in New York on Tuesday, smashing the world record for the most expensive piece of art ever auctioned. "Three Studies of Lucian Freud" by the 20th century figurative artist, who lived from 1909 to 1992, was sold by Christie's after being offered at auction for the first time. "The work was sold for $142,405,000, after six minutes of fierce bidding in the room and on the phone," Christie's announced.

Bacon sets new art record at $142.4 mn: Christie's

A work by British painter Francis Bacon fetched $142.4 million at auction in New York on Tuesday, in a new world record for the most expensive piece of art ever sold. "Three Studies of Lucian Freud" by the 20th century figurative artist was sold by Christie's after being offered at auction for the first time. "The work was sold for $142,405,000, after six minutes of fierce bidding in the room and on the phone," Christie's said in a statement.

Jewish leaders welcome German action on Nazi-looted art

Jewish leaders Tuesday welcomed Germany's decision to launch a task force on Nazi-looted art and to begin to lift the veil on a vast hoard of works uncovered in a Munich flat. The American Jewish Committee said the moves, including posting images online of 25 long-lost works by the likes of Matisse, Delacroix and Rodin believed to have been stolen by the Nazis, marked key first steps toward finding their rightful owners.

Impressionist, modern art falls short in New York sale

Some of the finest Impressionist and Modern art offered for auction by Christie's in New York fell short of expectations Tuesday despite strong interest from buyers in the middle market. The auction house estimated that 46 lots at its flagship November evening sale would fetch $188.8 to $277.7 million, but instead sales peaked at $144.3 million late Tuesday. The most expensive lot, a portrait by Swiss artist Alberto Giacometti of his brother Diego, estimated at $30-$50 million, went for $32.65 million to an anonymous buyer.

Colombian artist Botero relives boyhood love of circus in new book

By Walker Simon NEW YORK (Reuters) - Colombian artist Fernando Botero showcases his enchantment with the circus, reliving the magic he felt as a boy during his first visit to the big top, in a new book "Circus: Paintings and Works on Paper." Botero, best known for his paintings of rotund people, includes in his book 137 paintings, 31 drawings and 22 watercolors done in 2007 and 2008, depicting a magical world where fantasy and reality are blurred.

'Nazi art trove' includes unknown Chagall treasure

Previously unknown masterpieces by modernist painters Marc Chagall and Otto Dix are among a vast trove of works believed stolen by the Nazis and uncovered in a Munich flat, an art historian said Tuesday. Breaking two days of silence following the revelation of the spectacular discovery, Meike Hoffmann, the chief expert aiding the investigation, said the Chagall painting, an allegorical scene dating from the mid-1920s, had a "particularly high art-historical value". The Dix work is a rare self-portrait probably painted in 1919, she added.
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