Home International N u d e Painting Sells For A Whopping N56.7Billion ($157Million) At...

N u d e Painting Sells For A Whopping N56.7Billion ($157Million) At New York Auction |Photos

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— Modigliani painting fetches US$157 million at auction

— Modigliani painting owned by Irish horse breeder John Magnier sells for record €116 million

At Sotheby’s in New York, Modigliani Sells for $157.2 M., Record for House, Just Short of Top Price for Artist –

When it was first shown in 1917, Modigliani’s Nu couche (sur le cote gauche) was considered so offensive that police shut the exhibition down.

Just over a century later, the painting of the defiant n*de woman has sold for $157.2m (N56.7bn) at an auction in New York City. The figure paid for the work was $139m but the buyer’s premium brought the total price up to $157.2m.

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The painting, which is Modigliani’s largest at 147cm wide, was the highlight of the auction of impressionist and modern art at Sotheby’s on Monday evening.

It had the highest pre-auction estimate – $150m. The previous owner, based in the US, had bought the Modigliani in 2003 for $26.9m.

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