Modigliani portrait sells for $52 million in London
LONDON (AP) - The high-end art market seems to be weathering Europe's economic storm.
A portrait by Amadeo Modigliani has sold for 26.9 million pounds (S$52 million) at Christie's, above its top estimate.
In all, this week's London auctions at Christie's and Sotheby's netted more than 280 million pounds.
Modigliani's 1919 portrait of his lover Jeanne Hebuterne was the highlight of Christie's Wednesday sale of Impressionist and modern art, which raised a total of 136 million pounds.