Auction house Sotheby’s revealed that Italian artist Amedeo Modigliani’s painting of his main patron has fetched over 13.5 million euros in an auction in Paris, creating a new record for the artist's work in France. The portrait of his main patron Paul Alexandre done in 1911-1912 had up to now been in the hands of Alexandre's family and was estimated at between five and eight million euros.
"There were five bidders on the phone" vying for the painting, Sotheby's said in a statement without giving details of the successful one.
Alexandre met the young Modigliani in Paris in 1907 and up to 1914, he was the only buyer of the artist's work.
Besides the portrait, four drawings by Modigliani which were part of Alexandre's collection were also sold for a total of 900,900 euros.