Magritte's Surrealist Masterpiece Breaks $121M Auction Record

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Source: The Guardian
Magritte's Surrealist Masterpiece Breaks $121M Auction Record
Photo: The Guardian
TL;DR Summary

René Magritte's 1954 painting 'Empire of Light' sold for a record $121.16 million at Christie's in New York, setting a new high for both the artist and surrealist art at auction. The painting, part of Mica Ertegun's private collection, exceeded its $95 million valuation after a 10-minute bidding war. This sale highlights the autumn auction season amid a slowing art market, with Christie's reporting $2.1 billion in sales for the first half of the year, down from previous years.

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