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Hot Art: Top 10 Auctions of 2012

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

Sotheby's via Bloomberg

Company Symbol % Change
10 of 11

1. "The Scream"

Munch's "The Scream" set a record for a work of art at auction when it sold for $119.9 million at Sotheby's on May 2.

The result smashed the previous top auction price of $106.5 million, established in May 2010 by Pablo Picasso's "Nude, Green Leaves and Bust."

The picture was consigned by Norwegian businessman Petter Olsen, whose father, Thomas, was a friend, neighbor and patron of the artist. It was bought by Apollo Global Management co-founder Leon Black, according to the Wall Street Journal. Black is also a trustee of the Museum of Modern Art, where "The Scream" is on view until April 29, 2013.

To read the full article by Katya Kazakina, click here.

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