Investment Art Bring Big Prices!

Christies is having a record year selling fine art!  

USA Today reports that:

A nearly 100-year-old painting of an alluring nude created by the Italian artist Amedeo Modigliani sold for $170.4 million on Monday night — the second-highest price ever paid at auction for a work of art.

Modigliani's 1917-18 canvas "Nu Couché" is widely considered among his finest works. The painting was the "star lot" around which the New York auction house Christie's built its "Artist's Muse" auction on Monday, The New York Times reported.

Artnet News called it "pure, quintessential Modigliani," with rich colors, "lush paint handling" and "pulsing eroticism." It predicted earlier Monday that the painting could go for $100 million or more, in large part because it was Modigliani's "best nude and perhaps his best painting ever."

The painting sold in nine minutes with bids by five prospective buyers, a Christie's spokesperson told CNN. The buyer was not immediately revealed.

At Monday's auction, a 1964 painting by pop artist Roy Lichtenstein, "Nurse," also sold for slightly over $95.3 million, the Times reported.