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A rare painting made by the former British prime minister, Winston Churchill, has snapped up a record-breaking sale price of $11.6 million USD at a recent Christie’s auction. The sale more than tripled its high estimate of £2.5 million (approx. $3.5 million USD). Churchill’s previous record was £1.7 million (approx. $2.7 million USD) back in 2014 as part of a Sotheby’s London sale.
The work entitled,
Tower of Koutoubia Mosque, was sold by Angelina Jolie on March 1. The renowned actress received the painting as a gift by her former husband and actor, Brad Pitt, back in 2011 as per Artnet. Pitt purchased the painting from an antiques dealer named Bill Rau.
A painting by former British prime minister Sir Winston Churchill has just sold for an auction record, making Angelina Jolie millions of dollars richer. The actress had offered.
Winston Churchill painting owned by Angelina Jolie sells for $15.86m
2 Mar, 2021 07:05 PM
2 minutes to read
The Moroccan landscape painted by Winston Churchill and owned by Angelina Jolie sold at auction, smashing the previous record for a work by Britain s World War II leader. Photo / AP
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A Moroccan landscape painted by Winston Churchill and owned by Angelina Jolie sold at auction on Monday for more than $15.86 million, smashing the previous record for a work by Britain s World War II leader.
Tower of the Koutoubia Mosque sold at Christie s in London for £8,285,000 ($15.86m). The pre-sale estimate was £1.5m to £2.5m, and the previous record price for a Churchill painting was just under £1.8m.
Shock leap in Global Dairy Trade auction overnight
2 Mar, 2021 04:34 PM
3 minutes to read
The Country
Kiwi dairy farmers could be forgiven for thinking that the decimal point was in the wrong place, when viewing the latest Global Dairy Trade auction results this morning.
Prices across the board in last night s auction leapt an incredible 15.0 per cent to an average US$4,231/MT.
It s the eighth increase in a row, and the eleventh out the last twelve auctions.
But, unbelievably, the news got even better for farmers from there.
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The largest gain sprung from the crucial Whole Milk Powder (WMP) index, which has the biggest impact on Fonterra s Farmgate milk price and shot up 21.0 per cent to an average US$4,364/MT - the highest price for WMP since May 2014.