He Paid How Much?

How much would you pay for this, if you are into sculpture that is?

This bronze statue commissioned in 1961 by Swiss sculptor Alberto Giacometti has broken the record for a work of art at auction, selling for $93.5 million ($104.3 million including commission) at Sotheby's in London.

The price just eclipsed Picasso's Garcon a la Pipe, which fetched $104.3 million in New York in 2004.

The life-size L'homme qui marche I (Walking Man I) was the first time a Giacometti figure of a walking man on such a large scale had come to auction in over 20 years, and its hammer price was around four times the auctioneer's pre-sale expectations.

The record was reached in just eight minutes of "fast and furious" bidding, according to Sotheby's, with at least 10 potential buyers battling it out for the rare work in a hushed sale room.

Sotheby's did not identify the buyer, saying only that it was an anonymous telephone bidder. For more check here.


With all the suffering in the world, particularly in Haiti, this is money that could have been better spent. What a waste.