Amedeo Modigliani – Elvire en buste sold for €27 million.
There was a record for a painting by Modigliani sold at auction in France when Elvire en buste sold for €27 million at Sotheby’s in Paris. Spirited competition between seven bidders led to a result that far exceeded the pre-sale high estimate of €7.5 million making it the most valuable work of art ever sold by Sotheby’s Paris. A second work by Modigliani entitled Raymond (thought to be a portrait of the young novelist Raymond Radiguet) made €10.6 million over a top estimate of €7.5 million.