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'The Scream' Fetches Record $119.9 Million in New York Auction
The Wall Street Journal ^ | May 2, 2012 | KELLY CROW

Posted on 05/02/2012 5:44:44 PM PDT by Free ThinkerNY

Let the art market roar. Norwegian painter Edvard Munch became the most expensive artist at auction Wednesday when his 1895 pastel of a terrified man clutching his cheeks along an Oslo fjord, "The Scream," sold for $119.9 million at Sotheby's—the most ever paid for a work of art at auction.

The purchase surpasses the $106.5 million spent two years ago for Pablo Picasso's 1932 portrait of his mistress, "Nude, Green Leaves and Bust," as well as Alberto Giacometti's earlier record of $104.3 million for his 1960 spindly bronze sculpture, "Walking Man I."

In a dogged contest at the auction house's New York saleroom, the bidding for Munch's "Scream" began at $40 million and shot up quickly, with five bidders from the U.S. and China competing for the sunset-colored portrait.

Charlie Moffett, a Sotheby's specialist who represents American buyers, fielded the anonymous winning bid by phone.

The record-setting Munch was considered a plum as much for its rarity as for its pop-culture ubiquity.

One of four versions of "The Scream" that Munch created, this version was the only one not in an Oslo museum and the first to ever come up at auction.

The image has also been reproduced on everything from ice-cream containers to the villain's mask in Wes Craven's "Scream" horror films.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Miscellaneous
KEYWORDS: meltedcrayons

1 posted on 05/02/2012 5:44:48 PM PDT by Free ThinkerNY
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To: Free ThinkerNY
pfffft !!...heck, I have that on the wall in my office. Paid US$5.00 for it at a yard sale in Garden Grove a few years back.
2 posted on 05/02/2012 5:48:37 PM PDT by Tainan (Cogito, ergo conservatus sum)
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To: Free ThinkerNY

Was Obozo presenting the screamer a Bill?


3 posted on 05/02/2012 5:50:06 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: Free ThinkerNY

Hope the buyer was a drug dealer!

Junk for Junk!


4 posted on 05/02/2012 5:50:27 PM PDT by G Larry (Criminals thrive on the indulgence of society's understanding)
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To: Free ThinkerNY

How do fools get rich in the first place?


5 posted on 05/02/2012 5:51:07 PM PDT by Past Your Eyes (You knew the job was dangerous when you took it.)
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To: Free ThinkerNY

Emblematic of where the Utopian’s have brought us, that the image of a terrified screaming man is what is most valued.


6 posted on 05/02/2012 5:51:26 PM PDT by Track9 ("Strength through peace.. oh wait, I mean.." Mit Romney)
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To: Free ThinkerNY

Words simply fail


7 posted on 05/02/2012 5:52:11 PM PDT by tomkat ( FU.baraq <font finger=middle>)
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To: Tainan
...heck, I have that on the wall in my office.

HA! That would be great in an office - beats all those stupid inspirational pictures - lol

8 posted on 05/02/2012 5:53:28 PM PDT by libertarian27 (Check my profile page for the FReeper Online Cookbook 2011)
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To: G Larry
Junk for Junk!

I agree! Doesn't look like anything that couldn't be reproduced with a couple boxes of crayons and a lot of time on one's hands.

9 posted on 05/02/2012 5:55:29 PM PDT by laweeks
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To: Free ThinkerNY
Wow. A few days back we were discussing whether it was worth an expected 80 million. Oh well, the free market at work. Can't see where anyone has any beef with this. Just fascinating, is all.
10 posted on 05/02/2012 5:55:47 PM PDT by hinckley buzzard
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To: Free ThinkerNY

It’s a copy the oringal on carboard hangs in a museum in Norway


11 posted on 05/02/2012 5:56:53 PM PDT by mosesdapoet (The best way to punish a - country is let professors run it. Fredrick the Great p/p)
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To: G Larry
Junk for Junk!

heh. One man's trash is another man's treasure. Otherwise there'd be no such thing as yard sales.

12 posted on 05/02/2012 5:59:13 PM PDT by hinckley buzzard
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To: Tainan

Garbage Grove ?


13 posted on 05/02/2012 6:05:18 PM PDT by al baby (Hi Mom)
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To: Past Your Eyes

Get elected to high office and go to DC


14 posted on 05/02/2012 6:08:45 PM PDT by al baby (Hi Mom)
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To: al baby

What the article fails to say is that Obama bought it with our money borrowed from China and then used it to light a camp fire. It his his real life version of Brewster’s Millions.

Ok, that was a lie. I am sorry if I freaked any of you out.


15 posted on 05/02/2012 6:18:15 PM PDT by FreeAtlanta (Liberty and Justice for ALL)
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To: Free ThinkerNY

It’s probably less about the increased value of the painting than the decreasing value of the dollar.


16 posted on 05/02/2012 6:31:18 PM PDT by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: Free ThinkerNY

These kinds of sales where value is determined by auction, requires an explanation by a lawyer. >There are lawyers commenting on freerepublic.
High value items often end up in a Museum.

1. A ‘Charitable Remainder Trust’ is a method to transfer money to someone with a reduced tax liability. It’s part of estate planning.

2. Auctions transfer money & according to the article can increase other items (such as ‘art’ here) >not being sold at auction.

2. Rich people get richer by avoiding taxes whenever possible.

3. Whether or NOT this sale was done for the purposes of transferring money or setting up a Charitable Remainder Trust is NOT revealed by the article.

Obviously, I’m >not rich. As rich people do >not discuss money as the IRS is always trying to track them down.


17 posted on 05/02/2012 6:41:48 PM PDT by gghd (A Pro-life Palinista & a member of the NRA)
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To: Track9
Emblematic of where the Utopian’s have brought us, that the image of a terrified screaming man is what is most valued.

Interesting observation. I wonder what the political leanings of the buyer is?

I could have sworn that a Jackson Pollock was the most expensive ever recorded, but the article seems to have a number of qualifiers spread out.

18 posted on 05/02/2012 7:13:30 PM PDT by Calvin Locke
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To: laweeks
"Junk for Junk!"

He drew one copy in crayola. A couple in tempura. This one's in chalk.

Heck some guy paid him a few kroner to make him a copy.

yitbos

19 posted on 05/03/2012 12:16:57 AM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: Free ThinkerNY

My then third grader used water colors, the ones that come in the little crayola case, to try and copy this painting in art class. We thought it came out so good we framed it. Think I can get $120 million? ;)


20 posted on 05/03/2012 1:20:45 AM PDT by MacMattico
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To: Calvin Locke
Interesting observation. I wonder what the political leanings of the buyer is?

Don't think it really matters, just that they're responsive to the environment. What conditions in Western society make them think this investment is going up.. Kind of a rhetorical question for people who hang out here but an interesting take on just how messed up leftist philosophy makes people.

21 posted on 05/03/2012 4:56:36 AM PDT by Track9
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