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Francis Bacon's $78-million painting fails to sell

A Christie's spokesperson said Friday that piece attracted global attention and the auction house expects strong after-sale interest in it

Katya Kazakina | Bloomberg 

A trophy painting by Francis Bacon failed to draw any bids at Christie’s in London after being offered at auction for £60 million ($78 million).   The unexpected outcome for the star lot of Christie’s evening sale of postwar and contemporary art on Friday drew a collective gasp in the sale room. The auctioneer began soliciting bids at £50 million and continued up to £58 million. None came. Titled Study of Red Pope 1962. 2nd Version 1971, the 6.5-foot-tall canvas depicts Bacon’s two most famous subjects: his lover George Dyer and Pope ...

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First Published: Sun, October 08 2017. 01:15 IST