Bacon portrait of Freud could sell for up to $100MOctober 14, 2013 @ 8:15 am
LONDON (AP) - A painting that brings together two of Britain's greatest artists could become one of the most expensive modern artworks ever sold when it is auctioned in New York next month.
Christie's auction house says Francis Bacon's "Three Studies of Lucian Freud" could sell for as much as $100 million, above the current record for Bacon's work.
Christie's contemporary art specialist Francis Outred said Monday that "the market has moved on" since Bacon's "Triptych" sold in 2008 for $86 million. He said the Freud portrait, "can comfortably beat this record and possibly even get closer to $100 million."
Bacon's three-panel portrait of his friend Freud was painted in 1969 and has never been sold at auction.
It will go under the hammer in New York on Nov. 12.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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