Francis Bacon and Jeff Koons Achieve Record Auction Prices at Christie's New York

At a Christie's New York auction, Francis Bacon's 1969 triptych 'Three Studies of Lucian Freud' sold for $142.4 million, surpassing Edvard Munch's 'The Scream' to become the most expensive artwork ever sold at auction. Jeff Koons's 1994-2000 sculpture 'Balloon Dog (Orange)' fetched $58.4 million, setting a new record for a living artist. Andy Warhol's 1962 Coca-Cola bottle painting also realized $57.3 million. These sales demonstrate the escalating prices for major contemporary works, regardless of whether the artists are deceased or alive. The auction took place on November 12, 2013, as reported by Bloomberg.