Edvard Munch’s masterpiece ‘The Scream’ expected to sell for $80 million
Norwegian symbolist and painter, Edvard Munch’s masterpiece, ‘The Scream’ is set to go under the hammer at the Sotheby’s auction event in May, for an estimated $80- $100 million. This particular painting, which happens to be one of the 4 versions that were ever created by the famous artist, is the only one remaining in private hands, and is now set to go for sale. Along with this, there will other works from the painter, which includes a self-portrait, and also The Madonna painting which will be sold at the auction.
‘The Scream’ which stands as an icon in today’s times, symbolises the plight of man in the stressful modern day scenario. It shows a bald man clutching his head, standing atop a bridge on a river, below a reddened sky depicting the stressful times he undergoes. For the many pieces of art that is known around the world, the Scream remains one of the most popular as it now occupies a prominent place in popular culture. Mr. Simon Shaw, who happens to be the senior VP of Sotheby’s modern art department, says,
“Given how rarely true icons come to the market it is difficult to predict The Scream’s value. The recent success of masterpieces at Sotheby’s suggests that the price could exceed $80 million.”
However, the current owner of the exclusive painting, Mr. Petter Olsen, would indeed consider himself to be a lucky person as he happened to inherit it. His father was a neighbour and patron of the Edvard Munch. The other works of art which will go under the hammer include icons like the ‘self-portrait’ of Edvard Munch, and also the famous ‘Madonna’, owned by billionaire Steven Cohen, both of which has the ever-common element of impressionism that the artist was known for.
With the interest they have generated over the years, it would not be a surprise to see a record breaking bid for them. Hopefully, there is a charitable element to it all, as the proceeds go towards building an art museum and hotel in Norway, where Edvard Munch and Mr. Olsen’s father were neighbours. Also, for similar art auctions, we do recommend taking a look at the recent Elizabeth Taylor art collection auction, which displayed much of the actress’s taste for historic and vibrant art.
Update: Edvard Munch’s “The Scream” is auctioned at Sotheby’s Wednesday, May 2, 2012, in New York and fetches $119.9 million. It was expected to sell between $80- $100 million.