A LIFE-SIZE bronze sculpture of a man by Alberto Giacometti was sold at auction for the world record price of £65,001,250 (€74 million).
It took just eight minutes for bidders to reach the hammer price after L’Homme Qui Marche I opened at £12 million at Sotheby’s in London.
The winning bid – the highest for any work of art ever sold at auction – was made over the phone by an anonymous buyer.
The sculpture is considered to be one of the most important by the 20th century Swiss artist.
It had been estimated to sell for between £12m million and £18m.
But furious bidding saw more than ten rivals bump the price up to ever higher levels, eventually topping the £65 million mark.
In so doing, it beat the $104,168,000 (£58,520,830) price paid for the previous auction record holder – Pablo Picasso’s Garcon a la Pipe which was sold in New York in 2004.
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