Modigliani Nude Sells for $157.2 Million in New York

A stunning nude that is the largest painting produced by Italian artist Amedeo Modigliani sold for $157.2 million in New York on Monday, becoming the fourth most expensive work of art sold at auction.

Modigliani's masterpiece "Nu couche (sur le cote gauche)" painted a century ago,  fetched the highest price in Sotheby's history and was the star single lot in the May art auction season in New York.

Modigliani Nude sells for $157.2 Million in New York
Modigliani follows Leonardo da Vinci and Pablo Picasso as the third highest-selling artist at auction. Monday's sale failed to eclipse the $170.4 million paid for another Modigliani nude at Christie's in 2015.

Nearly 58 inches (147 centimeters) wide, the picture was the cover star of a recent retrospective at the Tate Modern gallery in London.

Modigliani reinvented the nude for the modern era, and when his series of paintings were first exhibited in 1917, they were considered so shocking that police closed the show in Paris.

Bidding was restrained, lasting three to four minutes and opening at $125 million before auctioneer Helena Newman brought the hammer down at $139 million. The final price includes a buyer's premium.

The price chalks up a healthy profit for its seller, who acquired the picture in 2003 for $26.9 million.

Image result for Modigliani nude sells for $157.2 Million in New York

Modigliani completed 22 reclining nudes and 13 seated nudes between 1916 and 1919. Most of the former are found in museums, such as The Museum of Modern Art and the Metropolitan Museum of Art in New York.

Simon Shaw, co-head of impressionist and modern art at Sotheby's, said the painting sold Monday, while rooted in tradition, reflected the changing status of women during World War I.

"This is a nude of a very self-possessed, sexually confident woman who is not looking out from a distance. She's absolutely meeting our gaze," he told AFP prior to the sale.

Modigliani's dealer Leopold Zborowski gave him a stipend of 15 francs a day and paid the models 5 francs to pose in a Paris apartment.

News Reporter
Folakemi Awoyo is a former Journalist, T.V news and programme presenter base in Germany. Passionate about writing the communication specialist is set to quench your taste for unbiased news stories happening in Africa and around the globe. Folakemi believes half truth imprisons, that is why Tatahfonewsarena is set to give its readers a diaspora breaking gossip news and celebrity gist experience that makes it possible to know something about everything. Folakemi is currently a communication specialist, life coach, with a B.sc in Mass Communication, MA Communication Management with an ongoing Ph.D degree. Nice To Meet You.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: