$7.5 Million in 6 Minutes in Head-to-Head Bidding Battle for Cy Twombly | Sotheby's

A truly electrifying 6-minute showdown within the packed room at Sotheby's New York's Contemporary Evening Auction. Bidders engaged in a $7.5M rapid-fire bidding battle over 'Untitled' by Cy Twombly, one of the most sought-after post-war artists on the market.
Painted two years after the artist’s defining move from New York to Rome, Cy Twombly’s 'Untitled' (1959) features the furious scrawls, graphic ciphers and expressive swaths of paint that are characteristic of the artist’s celebrated Baroque period.
Owned consecutively by three private Italian collectors, this work has been held by the same family since 1977, the work made its North American auction debut after being off the market for nearly fifty years.
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#cytwombly #contemporaryart #biddingwars #auction #auctions #art #bidding #modernart

[@jamesbarry1673]

I have to say it is riveting watching this

[@EcceHomo1088]

Ah yes... The ole "Kid on the counter top" for 6mil...

[@adamcogan211]

“Some kid dropped their crayons on the canvas”
Ten million sir.

[@CountDankula0]

I scribble like this sometimes but didn't know it was worth 6mil

[@thylacinenv]

A Cy Twombly auction never disappoints, always the best laugh in town!

[@WhatsTherapy]

So beautiful to see a financial instrument change hands

[@dongiogarciasantiago2864]

0306 Wed 15/05/24
...wel done Oli...if ever one wants to see a Master Auctioneer in Action....lunch on Oli. 🤝🤝🤝🥳🇬🇧❤️🇬🇧😊👏👏👏

[@dougwheeler4549]

As a real estate investor, landlord and lender providing rental homes for law enforcement at discount, second chances for X convicts, families, disabled veterans and independent seniors that have early dementia and alzheimers and my next small community for disabled veterans and early cognitive sufferers is to cost between 3 and t million dollars its difficult to grasp the actual realistic value for a painting that will costs as much or more than my entire ADA friendly and compliant fit for purpose community.
And the painting if you want to call it that appears to have been done by a baby.
Difficult to imagine what goes thru the mind of some two legged mammals called human. Very rich ones at that.

[@nobleenchantpbkc8082]

terrible art

[@jasqata3203]

Really?! This sold for 6 millions🫣 are they joking or what!! I wonder what people who doubted Impressionism would have said about this🤔