Lost Michelangelo Draws $27 Million, Trouncing Estimate and Smashing Record
A previously unknown drawing attributed to Michelangelo was submitted to Christie’s via its “Request an Auction Estimate” service and subsequently offered at auction. The work sold for $27 million, far exceeding its presale estimate and setting a new record price for a Michelangelo drawing. The result was reported by Artnet News as a major surprise that “trounced” expectations.
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This story was covered in Record Sales, Gulf Ambitions, and Museum Reckonings