Giacometti sculpture offered in secretive 'sealed-bid' sale -- with a minimum price of $90M

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A work by Alberto Giacometti, the artist behind some of history's most expensive sculptures, is going up for sale -- but bids will be made entirely in secret. 'Grande femme I,' a 9-foot-tall bronze of a spindly woman, has a starting price of $90 million.

, the artist behind some of history's most expensive sculptures, is going up for sale -- but bids will be made entirely in secret.

Until October 27, auction house Sotheby's will be accepting confidential offers for"Grande femme I," a 9-foot-tall bronze of a spindly woman. And with a starting price of $90 million, the so-called"sealed-bid" sale could fetch one of the largest sums ever paid for a sculpture. The Swiss artist cast the bronze artwork in 1960, six years before his death. It was part of a larger series of sculptures meant to form a major public installation in New York City, though the outdoor display was never realized."Grande femme I" embodies Giacometti's late-career style, which he developed after World War II: elongated, textured figures that appear fragile, but heavy with psychological implications.

Sotheby's is requiring minimum bids of at least $90 million for "Grande femme I," but the final sale price will remain a secret.Sotheby's said that its general counsel will review the bids alongside an outside auditor the day after bidding closes. The bidder making the highest offer will claim the sculpture, though the buyer's identity and the final sale price will not be revealed by the auction house.

Sealed-bid sales are relatively unusual in the art market, though Sotheby's used a similar format to offer a selection of contemporary artworks and jewelry items in what was described as a""L'homme au doigt" broke the record for the most expensive sculpture sold at auction at Christie's in New York City in 2015.

 

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I want cometti pieces here:

Could you buy a copy, I mean if you like how it looks feels. I have a Stravinsky record, I like how it sounds, doesn't mean I have to buy an orchestra. This is for show offs or the weird

I need this, honestly

Will the original creators of this sculpture on sale at most African markets for a couple of Quid be suing him for copyright ! In papier-mâché mache for a few fence ffs

I see this sculpture as a ridiculous interpretation of the female form and psyche and cannot truthfully say that I can interpret the heavy “psychological implications” in its seemingly fragile, elongated, textured shape. But, each to their own $90M.....

That's a whopping 55% of their annual $162 million budget--to start with. Maybe put one more of those on the auction block and we wouldn't have to use taxpayer money to fund them this year.

Gonna go to the bank. BRB.

Money laundering for the elite is all modern art is good for.

There's no accounting for taste.

Got to launder that cash into something!

That money could keep a lot of homeless women from becoming spindly from malnutrition.

90 mil!? Why?

Beautiful

while the poor starve and lose their homes

Who needs money laundering?

ENDSARS IN NIGERIA

That’s ugly

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