ART MARKET WATCH


Feb. 2, 2009

Who’s buying art today? Somebody! New York dealer Richard L. Feigen sold his J.M.W. Turner painting of Arcadian Greece, Temple of Jupiter Panellenius Restored (1814-16), for $12,962,500 (with premium) at Sotheby’s New York on Jan. 29, 2009, The "six-foot-wide painting of toga-clad revelers," as Bloomberg News so felicitously put it, went to an anonymous phone bidder. The hammer price -- $11,500,000 -- came in just under the low presale estimate of $12 million-$16 million.

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