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$57 Million for 3″ Statue – Most Ever December 9, 2007

Posted by tkcollier in Art, Economy & Business, In The News.

Bloomberg.com: Muse
An ancient limestone statue of a regal lioness just 3 inches tall sold today for $57.2 million including commission at Sotheby’s in New York, almost doubling the previous auction record for sculpture.

The price more than tripled the lioness’s presale high estimate of $18 million. The previous record for sculpture was $29.2 million for a Picasso bronze, “Tete de Femme (Dora Maar),” sold last month at Sotheby’s in New York.

Known as the Guennol Lioness, the 5,000-year-old Elam statue is said to have been made in what is now Iran and found near Baghdad, Sotheby’s said. Sounds like petro-dollars being recycled. Thanks to Tom Carhart.


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