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.