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Painting Price Spells Gloom for Economy

Portrait of Bacon auctions for only $9.4M at Christie's

By Laurel Jorgensen,  Newser Staff

Posted Oct 19, 2008 7:14 PM CDT

(Newser) – A Lucian Freud painting expected to sell for more than $12 million at Christie’s today went for only $9.4 million, a sign that even super-rich buyers of contemporary art are cutting back in the financial crisis, the Daily Telegraph reports. The art world...   Read full story »

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'Timing could not have been worse for an auction'
Bloomberg

 
art • Sotheby's • Christie's • Francis Bacon • art auction • Lucian Freud • financial crisis

 
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