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Alberto Giacometti, Le Nez, 1947. Courtesy of Sotheby’s. Another work from the Macklowe collection, this haunting suspended sculpture by Alberto Giacometti landed squarely within its estimated price range to sell for $78.4 million, achieving the second-highest price of the evening. Le Nez, with its beguiling combination of distended yet still humanlike features and unique hanging presentation, helped push the sculpture into the top five prices for a Giacometti work at auction, beating out a 2010 sale of a sculpture for $53.2 million to nab the fourth-highest spot; Giacometti’s top three results are all in excess of $100 million. Le Nez sold to the 31-year-old cryptocurrency baron Justin Sun, who plans to donate the work to his ongoing NFT foundation project, which is focused on establishing famous artworks and artists on the NFT blockchain.
The Most Expensive Artworks Sold in 2021
Alberto Giacometti, Le Nez, 1947. Courtesy of Sotheby’s. Another work from the Macklowe collection, this haunting suspended sculpture by Alberto Giacometti landed squarely within its estimated price range to sell for $78.4 million, achieving the second-highest price of the evening. Le Nez, with its beguiling combination of distended yet still humanlike features and unique hanging presentation, helped push the sculpture into the top five prices for a Giacometti work at auction, beating out a 2010 sale of a sculpture for $53.2 million to nab the fourth-highest spot; Giacometti’s top three results are all in excess of $100 million. Le Nez sold to the 31-year-old cryptocurrency baron Justin Sun, who plans to donate the work to his ongoing NFT foundation project, which is focused on establishing famous artworks and artists on the NFT blockchain.