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Munch Scream sold to U.S. billionaire

Thursday, 12 July 2012
The American billionaire Leon Black has bought Edvard Munch's The Scream in the spring.
Black has not himself confirmed that he bought the painting at Sotheby's auction in New York for $120 million, equivalent to Skr840 million. However, the Wall Street Journal has had it confirmed by several people in Blacks vicinity.

Nevertheless, there is no information on any plans Black has for the painting, but he is a board member of both the Metropolitan Museum of Art and the Museum of Modern Art in New York.

This means that The Scream could end up with one of these art institutions rather than in a private collection, the newspaper said.
Scream was sold by the Norwegian investor Petter Olsen for $ 119.9 million. The 60-year-old Leon Black, is founder of Apollo Global Management, one of the leading U.S. venture capital funds. He should be worth nearly $ 3.4 billion according to the American business magazine Forbes.

He is reported to hold in his private collection, the Black paintings by Pablo Picasso and drawings by Raphael and Vincent van Gogh.

"Scream" has been in Olsen and his family's possession for over 70 years, and he had decided to sell the work to fund an art center, hotel and museum Ramme Gaard in Hvitsten in Norway.
By Scancomark.se Team



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