Sotheby's on the pig's back as Bacon makes £23m - The Irish Times - Sat, Feb 12, 2011
BONHAMS’ inaugural Irish sale on Wednesday may have failed to prise open the better-padded wallets but elsewhere in London staggering sums were spent on art as collectors and investors went on a major spending spree.
At Sotheby’s on Thursday night, a triptych painting by Irish-born artist Francis Bacon, Three Studies for a Portrait of Lucian Freud made £23 million – triple the pre-sale estimate of £7 million–£9 million. More than 10 bidders from four continents competed for the work, which consists of three separate panels, before it finally sold after seven minutes to an anonymous buyer in the room.
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