Coolmore Owner John Magnier Sells Modigliani Painting For $157 million

by | 05.15.2018 | 11:55am
“Nu couché (sur le côté gauche)” by Amedeo Modigliani (Sotheby's)

Irish billionaire John Magnier, owner of Thoroughbred racing's Coolmore Stud, brought the hammer down at a different kind of auction Monday, selling a nude portrait by artist Amedeo Modigliani for $157.2 million, the fourth-highest price for a work of art at auction.

Magnier had purchased the 1917 oil painting “Nu couché (sur le côté gauche)” for about $26 million in 2003.

Sotheby's noted that as the sale was still live, the painting achieved the highest price ever at the 274-year-old auction house.

Read more at the Independent

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