Sotheby's forthcoming sale of Amedeo Modigliani's Nu couché (sur le côté gauche) could break the current $170.4m record for the artist when it goes under the hammer next month, reflecting a booming market for high-end artworks. It follows last year's sale of Mundi Salvator Leonardo da Vinci's, which went for $450m, making it the most expensive work of art to ever be sold at auction. Following a 30% decline in the average price of top-tier artworks following the financial crisis, the market has risen by 50%, according to Sebastian Duthy, director of market research firm Art Market Research. Provided art investment remains popular, the top of the market will "likely to continue to soar".
Sotheby's forthcoming sale of Amedeo Modigliani's Nu couché (sur le côté gauche) could break the current $170.4m record for the artist when it goes under the hammer next month, reflecting a booming market for high-end artworks. It follows last year's sale of Leonardo da Vinci's Salvator Mundi, which went for $450m, making it the most expensive work of art to ever be sold at auction. Following a 30% decline in the average price of top-tier artworks following the financial crisis, the market has risen by 50%, according to Sebastian Duthy, director of market research firm Art Market Research. Provided art investment remains popular, the top of the market will "likely to continue to soar".