Giacometti sculpture fetches £65m at Sotheby's auction

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London: The world record price for life size bronze Giacometti Sculpture at sotheby auction for an amount Rs £65,001,250.

As per BBC, It took just eight minutes for bidders to reach the hammer price after L'Homme Qui Marche I opened at £12m at Sotheby's auction house…..

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The previous record for an art work sold at auction -$104,168,000 (£58,520,830) - was held by Pablo Picasso's Garcon a la Pipe which sold in New York in 2004.

Other works have reached more in private sales. Jackson Pollock's No5, 1948, reached $140m (£73m at the time) in 2006.

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