Raphael drawing fetches $47.8 million in auction
LONDON (AP) — One of the most significant drawings by Italian master Raphael in private hands has sold for 29.7 million pounds ($47.8 million) in London, smashing pre-sale estimates for the black chalk work.
"Head of an Apostle" was expected to fetch between 10 million pounds and 15 million pounds, and Sotheby's auction house said Wednesday's sale set a record for any work on paper sold at auction.
Sotheby's said the winning bid was placed over the phone following an intense battle among four bidders.
"Head of an Apostle" was created in preparation for Raphael's Biblical painting "The Transfiguration," which hangs in the Vatican Museum in Rome.
Sotheby's Old Master expert Cristiana Romalli said it revealed Raphael, who died in 1520, "as very possibly the greatest master of drawing who has ever lived."
Fergie, Sarah Jessica Parker, and Heidi Klum all get an F on this week's Fashion Offenders.Watch Video »
Diva Double Date
Beyonce and Alicia Keys double date with their famous hubbies on today's Celebs Gone Social.Watch Video »
Where Are They?
See what the cast of "American Beauty" is up to today.Watch Video »
J.Lo's Mini Me
Jennifer Lopez shares an adorable photo of her look-alike daughter, plus more celebritots on social media on today's Celebs Gone Social.Watch Video »
Prince Harry, Jessica Alba and more stars who threw out the first pitch at baseball games.Watch Video »
Sofia Vergara poses in a revealing neon bikini while her "Modern Family" castmates hit the beach in Australia on Celebs Gone Social.Watch Video »