Hot Art: Top 10 Auctions of 2012

- 2012-12-20T15:16:24Z

Sotheby's via Bloomberg

Company Symbol % Change
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4. "Auxiliary cartoon for the Head of a Young Apostle"

A Raphael drawing sold for 29.7 million pounds ($47.8 million) at Sotheby's in London on Dec. 5, an auction record for a western work on paper.

The black chalk "Head of a Young Apostle" was being sold by Peregrine Cavendish, the 12th Duke of Devonshire and deputy chairman of Sotheby's, to raise money to preserve his home, Chatsworth House.

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