Talk of the Town - Real Estate News from the Hamptons and North Fork

November 10, 2015

With $170.4 Million Sale at Christie’s Auction, Modigliani Work Joins Rarefied Club

In an overheated art market where anything seems possible, a painting of an outstretched nude woman by the early-20th-century artist Amedeo Modigliani sold on Monday night for $170.4 million with fees to Liu Yiqian, a former taxi driver turned billionaire art collector, in a packed sales room at Christie’s. It was the second-highest price paid for an artwork at auction.   The painting became the 10th work of art to reach nine figures under the hammer. The bidding was palpably tense, with six people vying for the lot, and it took nine minutes to sell, with the winning bid coming from the phone. Mr. Liu, who with his wife Wang Wei is among China’s most visible art collectors, confirmed on...

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