Turner Painting Sets New Records
Wow, the auction of that J.M.W. Turner painting at Christie's this week turned out to be even more exciting than imagined. The painting, "Giudecca, La Donna della Salute and San Giorgio" sold for $38.5 million to a private collector bidding over the phone. It set a new record for an Old Master painting in the U.S. and is the most expensive British painting ever sold. The painting was sold by the St. Francis of Assisi Foundation and as we mentioned before, is tax exempt.