Traverse City Record-Eagle

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May 12, 2012

Market strong for art

Consumer uncertainty hasn't affected the art world yet, based on the record price fetched by Edvard Munch's iconic painting, "The Scream." According to The Associated Press, which covered the auction held at Sotheby's New York City gallery, "A buzz swept through the room when the artwork was presented for auction as two guards stood watch on either side.

Bidding started at $40 million with seven buyers jumping into the competition early."

When the gavel came down, the painting was sold to an anonymous buyer for $119,922,500 — eclipsing the previous record of $106.5 million for Picasso's "Nude, Green Leaves, and Bust," when it was sold by Christie's in 2010.

There are few who have not seen a depiction of the Norwegian painter's masterwork. One art critic says it's more famous than any painting in the world except for, perhaps, Leonardo da Vinci's "Mona Lisa." ...

The image is disturbing to say the least.

But to our simple eyes, it might be someone reacting to the latest news from Wall Street or, these days, an update from Fenway Park.

The Salem News, Salem, Mass.

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