francis bacon cryptic. multi hundred million dollar sell andy warhol new record high because all the money that's being printed to bail out the banks is going into the art market so you have a zombie banks you have them in the u.s. you have them in the u.k. big story today in the financial press of the u.k. that these zombie corporations are thousands of them in the u.k. they're only kept alive by money printing the transfusion of calf but of course the necessity to continue transfusing cash to them is preventing the other players in this market from becoming active it's preventing competition from manifesting itself is preventing real jobs paying real wages to spring forward and to create a dynamic into them and into them in the marketplace but the art market however is. taking all that cash and is driving it much much harder you see well exactly because we do see that gold and silver for example have not risen in price property prices have risen booming globally in all the major cities around the world th

art market and that the very wealthy see it as a safe haven for their money experts said yeah francis bacon triptych. multi hundred million dollars sell andy warhol new record high because all the money that's being printed to bail out the banks is going into the art market so you have a zombie banks you have them in the u.s. you have them in the u.k. big story today in the financial press of the u.k. that these zombie corporations are thousands of them in the u.k. they're only kept alive by money printing the transfusion of calf but of course the assessment see to continue transfusing cash to them is preventing the other players in this market from becoming active it's preventing competition from manifesting itself is preventing real jobs paying real wages to spring forward and to create a dynamic into them and into them in the marketplace but the art market however is. taking all that cash and is driving it much much harder you see well exactly because we do see that gold and silver for example have not risen in price property prices have risen booming globally in all the major cities aro

by francis bacon. it was painted in 1969.t set a record for the most expensive artwork, christies sold it for $162.4 million. they sold $2 billion art and jewellery sold in art and auction houses around the world. what is driving the prices. here so give us his insight is dan duray, senior editor and reporter for "the new york observer," and gallerist ny.com. >> unbelievable. in the last 10 days, records - the record numbers at the world auctions, in addition to the francis bacon - we have a beautiful 83 car at pink disimed. the warhol suppose, "silver car crash", and jeff coon's sculpture "balloon dog artist" $58 million - a record for a living artist. >> when we are talking numbers this high, it's hard to say what it means. we don't know who the buyers and sellers are. art is more attractive. people want to put their money in art. it's impressive that christie's and sotheby's put together art generating this money, and found people willing to pay this amount of money. >> you were there for both. sometimes leg cramps are con

that come marching and so when you roll up your little you know bacon in a tube you know you're francis bacon gold and silver on the same side as workers and savers so workers savers gold and so over they all are being. put into an area of the economy where the cash is not flowing to them they are in a you know like a gang dream as set in for gold silver and workers and savers so they're not getting any of those cash unlike the seventy's where workers went up their wages went up and that would drive inflation into a. inflationary spiral that's not the case anymore this is been a business section they've amputated gold silver workers and savers and they've kept the cash for themselves and of course in the west the central banks own the majority of gold and silver certainly of gold in the east perhaps there's more of an equal distribution between the population and the central banks but a comment regarding this sale at christies was from our advisor todd levin says what we are experiencing now is a kind of melt up in the market is a combination of tremendous surplus capital and the need of a sm

. >> a francis bacon painting sets the record for the most expensive piece ever sold. the eye-popping price coming up. >> and a reminder, if you have a consumer problem or question, call our hotline, 888-5-helps- u. volunteers are there right now. ,,,,,,,,,,,,,,,,,,,, something out of ghostbuste. the backpack graffiti buster that's safer for the environment. that story ande at five. itish artist >>> coming up at 5:00, the backpack graffiti buster that's safer for the environment. that and more at 5:00. >>> the painting by francis bacon sold at christie's auction last night for a record $142 million. it's the most expensive work of art ever sold at auction. the three studies of lucian freud, a grandson of sigmund freud. the previous record was $120,000 for edvard munch's "the scream" > where do you put that thing? >> i don't know. >> in a vault. >> your mancave. >> there you go. i don't think so. [ laughter ] >>> that's it for kpix 5 news at noon. have a great afternoon, everyone. >> take care. captions by: caption colorado comments@captioncolorado.com ,, >> justin: i a

in 1969 piece from francis bacon is not the most expensive artwork ever sold at auction. it was a triptych called "three " andes of lucian freud sold for over $142 million. triptych, "three studies of lucian freud." of fiercex minutes bidding, and the artwork is sold. "three studies of lucian freud was bought by an anonymous buyer from christie's in new york. it is the most expensive artwork ever sold at auction. more than 11 objects making over $20 million. obviously, the bacon record is not -- is a record that will not be broken for many years. a wonderful triptych of lucian freud. he was a close friend of bacon. >> the piece was first estimated at $85 million, but now it has been in the previous record of over $100 million paid for "the scream." >> he has moved into the 21st century by cutting off the head and moving around in the panel. work had never sold for more than $180 million. a tribute to the artist after his death. >> coming up, we will look at the failure to reach a deal over here and cost nuclear ambitions. the iranian foreign minister blames france or scup

oochz >>> coming up on the "morning news," record-setting art, a three-panel painting by francis bacon blows away a previous auction record. this is the "cbs morning news." francis bake con blows away a previous auction record. this is the "cbs morning news." [ female announcer ] tonight, we're all cooking. because campbell's skillet sauces make it easy. just brown some meat and add the campbell's skillet sauce. for a meal so awesome, you'll want to share it. everyone is cooking with campbell's skillet sauces. and now try new campbell's slow cooker sauces. everyone is cooking with campbell's skillet sauces. and these little angels build in strength. and that little angel says, "weeeeeeeee!" 60% more sheets than charmin. everything you want and the value you love. angel soft. ♪ ♪ [ female announcer ] with five perfectly sweetened whole grains... you can't help but see the good. >>> at toronto city hall hundreds of people lined up on tuesday to get their hands on mayor rob ford or at least his likeness. bobblehead dolls signed by the embattled mayor who admitted to smoking crack will go

. >> for the magnificent lucia pride by francis bacon of 1969, wonderful thing, here it is. >> reporternice work if you can get it. it took just six minutes for this piece by francis bacon to fetch $142 million in new york, the biggest price ever paid at auction. three studies of freud was painted in 1969, a study of one british painter by another. >> the record of $142 million is a record that will not be broken for many years. a very special picture. >> the previous record was set by the scream by edward munch. it also broke a record by the work of a living artist. while critics are decided, most accept that bacon really was an innovator. >> bacon has taken on cubism, and moved it into the late 20th century by cutting the head in half, and showing it moving across the panel. showing the feet moving as well, and the hands fidgeting, and in each individual panel you see that movement. >> reporter: francis bacon and lucien freud painted each other. their friendship ended before their deaths in 1992. >> that is the latest from europe. back here to doha and to david. >> felicity. we thank

the auction world has a record of the most expensive piece ever sold by an artist named francis bacon, who died in 1992. the piece went for $142 million at auction yet, tuesday, maria has our report. >> reporter: in just six minutes francis bacon's three studies of lucian freud became the most expensive art ever to be auctioned. >> solid at $142 million. >> reporter: it sold at just over $142 million including commission. >> this is incredibly rare. the previous record for a work of art was just over $100 million. for us to say $142 million is extraordinary. >> reporter: the three panel paint he is shows the dublin artist's friend lucian freud. it was never sold at action before. it's sale exceeded edward munch's the scream which went for $120 million last year, a hefty piece for whomever bought the piece. >> i don't think anybody would say that this particularly francis bacon from 1969 is a major important work of art, as one of the most important works ever. it's a very nice picture. it's big, splashy, golden looking. it's a perfect thing for a collect for have on their wall. >> rep

the painting by francis bacon the most expensive work of art ever sold at auction. it was purchased at christies in new york last night for $142,405,000. that's crazy. that's crazy. >> oh, my gosh. >> look at that. >> any way. >> the masterpiece snatched up by an unidentified buyer after six-minute bidding war. why cldn't i have found that in my basement? that would have been great. >> i feel so ignorant when it comes to things like that. i never heard or seen it before. >> you hear about monets but francis bacon, i'm not familiar with it, too. >> is the guy on a swing, or was what makes it a masterpiece, besides it is francis bacon. >> that's what makes it a masterpiece. >> that's all it is. i need to start painting. i'm in the wrong profession. >>> rob ford faces his critics in the first city council meeting since he admitted he smoked crack. >> that did not stop ford from participating in a scene where he spent five hours at city hall autographing the bobblehead dolls made in his likeness. the proceeds will go to charity. they are going to united way. the toronto

art market and that the very wealthy see it as a safe haven for their money experts said yeah francis bacon triptych multi hundred.

art market and that the very wealthy see it as a safe haven for their money experts said yeah francis bacon triptych. multi hundred million dollars sell andy warhol new record high because all the money that's being printed to bail out the banks is going into the art market so you have a zombie banks you have them in the u.s. you have them in the u.k. big story today in the financial press of the u.k. that these zombie corporations are thousands of them in the u.k. they're only kept alive by money printing a transfusion of caffe but of course the necessity to continue transfusing cash to them is preventing the other players in this market from becoming active is preventing competition from manifesting itself is preventing real jobs paying real wages to spring forward and to create a dynamic into them and into them in the marketplace but the art market however is taking all that cash you see and it's driving it much much higher you see.

art market and that the very wealthy see it as a safe haven for their money experts said yeah francis bacon triptych multi hundred million dollars sale andy warhol new record high because all the money that's being printed to bail out the banks is going into the art market so you have zombie banks you have them in the u.s. you have them in the u.k. big story today in the financial press of the u.k. that these zombie corporations are thousands of them in the u.k. they're only kept alive by money printing the transfusion of calf but of course.

and number two, it is so ugly to me. >> i've heard of francis bacon. i never heard of that specific painting. but it's not particularly attractive. >> not necessarily nice to look at. >> but bring it on. >> $142 million, go for it. >>> when we come back, change of heart. one-third of all adults may need to start taking a drug to prevent heart disease and stroke. >>> and energizer bunny. a rabbit steals the show and the race. [ lane ] do you ever feel like you're growing old waiting for your wrinkle cream to work? clinically proven neutrogena® rapid wrinkle repair. it targets fine lines and wrinkles with the fastest retinol formula available. you'll see younger looking skin in just one week. one week? that's just my speed. rapid wrinkle repair. and for dark spots rapid tone repair. from neutrogena®. and for dark spots rapid tone repair. ♪ i get out a lot... except when it's too cold. like the last three weekends. asthma doesn't affect my job... you missed the meeting again last week! it doesn't affect my family. your coughing woke me up again. i wish yo

christie's looking for a half billion dollar blockbuster including this francis bacon pick that couldell for $100 million. christie's joins us for a rare interview here on "power lunch." ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> it's time for the power rundown with marcus host of cnbc's series "the profit" and ceo of camping world. great to see you again. >> you as well. >> wonderful to have you here. we have a lot to talk about. we're going to start out with this morning on "squawk box," barry diller on and made some comments to andrew ross sorkin at the deal book conference this morning about twitter's ipo and its early investors. let's take a listen. >> of course it isn't. will it be in the year 2175? maybe. i don't know. twitter is only a good investment for those people who got in early wholesale. and by the way, the only people -- nobody is investing in twitter. nobody does invest in these companies at this stage o

the chip kick by francis bacon goes for over one hundred and forty two million dollars. if you were to find it at first it's been five days now since to a super typhoon i added some texture of the philippines people across the country are growing ever more desperate for food and water the devastation has opened the door to looting now especially in and around the flat insidious type of band. eight people were killed when looters untreated waste stockpiles and a government warehouse nearby causing that building to collapse and a gunfight reportedly broke out between security forces and armed men trying to get more supplies a corresponding is now wolf sent us this report from the town of two lo's adjusts out the type of data on the worst hit in the end of may. what about fifty km south of such abundance in this so when there's a scene of complete devastation here we come down hits a day in and all along the way we see thousands of people marching on the road looking to get out to somewhere for food and medicine for anything at the moment the usf bulls is a type of an apple

it took just six minutes for this piece by francis bacon to fetch $142.4 million in new york, the biggest price ever paid at auction. three studies was painted in 1969, a study of one legendary painter by another. >> the bacon record at $142 million is a record that will not be broken for many, many years. a very special picture, incredibly rare crypt ike of freud. >> the previous record was set by the screen, selling for $120 million at auction. tuesday's auction broke the record for a work by a living artist. the sculpture called balloon dog orange by american artist jeff coons went for $58 million. most accept that bacon really was an innovator. >> he has moved the brand into the late 21st century by cutting the head in half and showing it move across the panel and showing us the feet moving, as well, and the hands fidgeting. in each individual panel, you see that movement. >> they painted each other several tiles. their friendship ended well before bacon died in 1992, but fame is furthered by this record sale. >> that is the latest from here in europe. >> we've got all sport here on t

months i must say now it's not just diamonds at a breaking records but it's paintings to this francis bacon masterpiece the three studies of the scene in florida has just been sold for record one hundred forty two million dollars now these record prices are not necessarily because diamonds and paintings are more expensive now war or more softer is also because the value of money is decreasing which is the same reason why there are now record number of billionaires in the world so if we were to count rate inflation to order this would actually be six paintings which fetch more than auctions days have featured in that you've got a cost so to creating paula you know all the great masterpieces as you can imagine now this is on masterpiece would be the most expensive of all it was purchased in twenty eleven for one hundred and forty million dollars there we go which today would equate to countermand inflation one hundred and sixty two million dollars that are. a little bit out of my price range just the bar that we are that spent for today and i mentioned earlier on the crane and e.u. trade deal

the painting by artist francis bacon who died in 1992 went for $142 million at auction yet, tuesday. maria has our report. >> reporter: in just six minutes francis bacon's three studies of lucian freud became the most expensive art ever to be auctioned. >> solid at $127 million. >> reporter: it sold on tuesday at just over $142 million including commission. >> these are incredibly rare. the previous record for a work of art is $140 million. for us to see $142 million is extraordinary. >> reporter: the painting shows lucian freud on a chair. was never sold at auction. it's sale exceeded the edward munch's the scream. >> i don't think anyone would say this is a major piece of art. major as in earth shattering. it's big, splashy, golden, it's a great thing to have on the wall. >> reporter: balloon dog fetched $58 million, record. and andy's warhol's coca-cola was sold at $57 million. this is evidence of a strong art market despite the weak economy. >> clearly a bubble. these objects are going for way more than they're worthel culturally. as far as we can see that bubble is inflating and

a painting by francis bacon goes for $114 million. >> welcome to al jazeera, we begin in the philippines. the city tacloban has been flattened by typhoon haiyan. wayne hay is at the airport. marga ortigas is in cebu - reports of people using guns to get aid. first, craig leeson in cebu, on how international aid is not arriving fast enough for some >> reporter: they lumbered into cebu air force base delivering with precision supplies. those that couldn't walk were carried - the sick, the old, and those that wanted to escape the disaster. >> bodies are on the road. nobody is picking them up. >> reporter: the injured and sick were taken to a military hospital. for many here the horror of losing their families outweighed the pain of their injuries. this woman was struck by her roof as it collapsed in the storm. she managed to crawl out with her daughters, after it passed. they were among the lucky ones. >> we survived. >> the doctors are work around the clock, overwhelmed by the volume of injured. every now and then a ray of hope. >> today we have a spine and pell -- pell vic fracture, mostl

it was by francis bacon. ."u are watching "france 24 do not go away. >> coming up on the show, we take a look at chile. ideas differ dramatically when deciding what is best for the nation. gapthe ever widening between those who have and those who do not in new york city. t litw -- two leading presidential candidates highlight the differences in the country. they both have very different ideas. air force generals living on the same base in northern chile. they will face off as presidential candidates. candidate was the first female president in 2006. she has remained popular with the voters. on the other side is the woman representing the independent or credit union. she has experience as a senator and minister. the two women are running with different parties, which at one point were very close. >> that is what makes this race so dramatic and incredible. girls who play together are now opposing candidates. coup set thery girls on separate paths. father became part of the military regime. her opponent's father wa

it is a 1969 paintg by francis bacon titled three studiesf luan freud sold for $142.4 million, making it the most exnsive work of art ever sold atuction. christie's has not dclosed the name of the buyer. a few minutes lar, jeff koons' balloon sculpture soldor $58.4 million. that's the most paid for sile piece of work by a living tist. lucian freud here, bill karins. sitting forward in that picture, very saightforward stuff. >> have zero dolrs in like art and pricing. >> the economy is good,y friend. >> i guess so. >>> afar as your weather goes as y head o the weather this morning, shos and t-shirts if you can get away with it, in southern cafornia. 78 in vegas. we are going to warm it up from here. e rest of the country is suffering om the big cold arthritic outbreak, 71 in phoenix,62 in l.a. clear skiesndoffshore flow, you'll have a very warm afternoon, like air conditioning weather. that weak low system went through yestery. because ofhe position of the high,ou have a onshore flow. that's keeping some of those testy swers over i-56789 not so muc near portland but from owe olpia, the

three -- francis bacon became the most expensive work ever sold at auction. >> sold at $127 million.sion was paid by an anonymous buyer. opium production in afghanistan hit a new high in 2013. according to united nations report, more than 200,000 hectors of land is being used to grow poppies. afghanistan is the biggest poppies, which is the main ingredient in heroin. israel's prime minister scrapped plans to build 20,000 settler homes in the occupied west bank and east jerusalem. the about turn came hours after the announcement of the project through international condemnation. palestinians had threatened to walk away from the recently restarted middle east peace talks. more than 12 years after the 9/11 terrorist attacks in new skyscraper at ground zero was officially opened on wednesday. it's one of a group of buildings under construction at the site. the tower is almost 300 meters tall, and was designed by a japanese architect. german president went on trial over a scandal. he's accused of accepting financial favors in return for political influence. >> this is not an easy day. i'm

you answered this poll, francis bacon, never met a bacon i didn't like, sold for $142 million last nightt right. >> that's right. >> is the art market in a bubble? yes, 42%, no 11%. and 48%, this would include you and me, i stay away from art as an investment. >> well, probably because we just don't have the budget. all right. guys, thank youp. >>> test tesla's founder elon musk tells cnbc an electric aircraft would be on the list if he were to create another business. but not at any time soon. plus, say good-bye to bank branches. power rundown coming up next. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives u

the most expensive work of art ever sold on auction, a triptych by francis bacon goes on sale christie's.lion at

a painting by francis bacon and last night, get ready, it sold for $142.4 million making it the most expensive work of art ever sold at auction. christies has not disclosed the name of the fire. and later the sculpture balloon dog orange fetched over $58 million. it's made of stainless steel. that's the most ever paid for a single piece of work by a living artist. >>> time for your hump day sports. good morning. >> a balloon dog, my friend. >> yes, indeed. >> all right. good wednesday to you. the dolphins organization changing their mind a little here. the owner will not speak today with player jonathan martin who accuses teammate richie incognito of bullying. they'll wait for nfl investigators first who will now meet friday with martin. nfl.com saying the likely outcome is both not playing as dolphins. >>> cleveland's terry francona is manager of the year. also getting the nod the man who ended a two decades long losing streak, pittsburgh's clint hurdle. congratulations to them. michigan state's fast break gets them an alley-oop on this one. dawson with the slam. game tied at 66. th

most awaited the innings this season the panel that obama didn't upload this to the haunted seven francis bacon. this month's own take on the piccadilly line tube it is ebbing of mccain's team and it took us to the hawkeyes into the adult menu on a traditional tea sunday the innocence of these upcoming and on the map as of any set the stage and quietly says the chemistry between the pair that he is saying and bp cuff other chronic. i do set into motion spree across the country to make it in the success. if he intended to be the new dance a story about a vintage bed on time and space that is and all praise about the characters. not a drop shot didn't have a bunch of this. when the bank and a dvd disc. tina. she's feisty spunky she wears her heart to miss me. that's in the past they've been lacking this evidence connecting him to move back. hari of the fifth inning to tidy up so she can make the same height difference is that of scripture. yes. i mean. it's been. middleton seventy six scene said the team has looked a bit since then. he didn't lie. oh and he's the son matthew. hi hi. speed and dis

case consent to all spend a bit but it just became contaminated the water supply a painting by francis bacon of his friend and fellow artist lucien freud has become the most expensive thoughts but at the sofa till sian. the record breaking price reached one hundred and six million units in new york the work and type of case studies of lucien freud is considered one of bacon's greatest loss to pieces. loom the hosts uruguayan the first leg of that world cup play off on wednesday a m on the international stadium jordan reached the end comes into play off of aging uzbekistan mind based on penalties in september in the asian football confederation while. and to this two legged showdown for tickets brazil as underdogs jordan cut costs and how sam was full of praise for his wednesday night opponents. he said they are certainly a strong team. i have some of the twelve best players. if you don't believe has been but also have great golf history. they don't need my evaluation. the whole world knows how how ford europe twice came out and then twelve ranking. ok i mash up phase out through suspension w

second time you set the perfect entry what the box hundred and forty two billion dollars respect by francis bacon painting on tuesday. the catwalk for next year's world cup finals after freshman jordan in the last leg of the intercontinental playoff time on the south americans lived up to their billing as overwhelming favourites but tudor era opened up the scoring on twenty minutes probably higher when goalkeeper mother just not weak parent and it isn't about to head into his pocket. jordan held on for another twenty minutes before christiane is still on the sofa in the second before the stroke of all time nicholas madera with a cheque for clever assist jordan more much more might be the salt of the second hole but that fruitless efforts were published with the baritone from provider to finish up on seventy minutes with the delightful off to chill the goal that effectively put the game out of reach for jordan to hug their first ever appearance at the welcome finals. eight minutes to make a trip to madrid white man cristian rodriguez whether they fall with a powerful whole foley from fifteen yards

. >>> a painting by francis bacon sold for a record $142 million. the three studies of lucy and freud depicts his friend, sold at christie's in new york. the previous record for an auction painting was $120 million for "the scream." for the latest business news, following me on twitter. at the new york stock exchange, i'm alexis christoforous. >>> when you sign up for an email address you may assume it's yours forever. it turns out that's not the case. julie watts shows us why you should think twice about those old email accounts you haven't checked in years. >>> reporter: >> it says you have the user name of your dream. >> reporter: when yahoo recycled a batch of abandoned email addresses this year, leslie jumped at the chance to request her childhood nickname for her email address. >> rosebud@yahoo.com. >> reporter: with you she realized it was someone else's security nightmare. >> i started getting personal emails, phone bills, emails from a child's school with private information. >> reporter: her new in box quickly filled up with mail intended

>> there are only 28 known of francis bacon. rosperous career as he had. there are only 660 paintings compared to other artists like roscoe and others in the thousands. of the 28 that exist, the vast majority are in institutions. it makes this picture particularly special. also the subject matter of freud who was a close friend of bacon and member of the london school of painter, that combination made it irresistible. >> it had bright colors. >> bright colors. it had been in a private collection many, many years. six or seven bidders involved last night, there was spirited activity to buy this. >> we don't know who bought it. we know the does he recall bought on behalf of a client. there's rumors out there it could be steve wynn. we don't really know. let's talk about the art market. particularly talk this morning about the art bubble. we saw you the most ever raised at auction last night. are we at a peak or beginning of this cycle? >> people have been predicting the burst of the bubble for years. the art market has proceeded un

dollar bacon sale the record breaking one hundred forty two point four million dollars sale of francis bacon's three studies of lucian freud shows confidence in the art market and that the.

this painting-- three studies of lucian freud by francis bacon-- became the most expensive work of arter sold at auction, $142 million. that is $22.5 million more, this version of edvard munch's "the scream" which sold last year. and today this diamond went for a record price. the flawless pink star weighing nearly 60 carats sold at auction in geneva. $83 million. they are separated by an ocean but filipino americans are reaching out to help their loved ones. that story is next. i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. there's more to walmart than you think. vo: opportunity. that's the real walmart. to prove to you that aleve is the better choice for her, she's agreed to give it up. that's today? [ male announcer ] we'll be with her all day to see how it goes. [ claira ] after the deliverie

hammer at christie's in you you'll know it was a nineteen sixty nine painting by british artist francis bacon that sent the new world record. still the one on friday saturday though. the most expensive artwork ever sold at auction when for one hundred twenty seven million dollars plus fifty million commission the final sum even surprised auctioneers deacons three studies of lucien freud was snapped up by an anonymous buyer after six minutes of years creating a baking rack cool. before he stated that the lows of the treacle there will be broken for many many is a very special picture of an incredibly rare trip sick the nineteen sixty nine where it depicts beacons artist friend lucien freud from three different angles the painting is a study in movement and a beacon masterpiece. each of the cases has been sliced in half then reassembled in cuba style. the sales matched the previous record for the most expensive artwork sold at auction held by it but monks the screen which sold last year for some one hundred twenty million dollars. a flood victim wasn't the only record of the auction by a sculpt

it's a masterpiece by artist francis bacon, titled "three studies of lucian freud." ten minutes to break the all time record for artwork sold at auction. the old record was held by a slightly more family painting, the scream by edvard munch. it sold for $120 million. >>> and maybe marilyn monroe said it best. ♪ diamonds are a girl's best friend ♪ >> somewhere tonight marilyn monroe is smiling. a flawless pink diamond tipping the scales at 59.6 karats sold today at another auction. it's called the pink star. the buyer paid $83 million, a world record for a diamond. >>> a milestone tonight for an old american friend, a favorite cookie. 100 years ago today americans took their first bite of mallomar, graham cracker, marshmallow and chocolate. but 100 years ago the chocolate got gooey in the summer heat so the cookies were only sold september through march. that tradition forced people to hoard them in the freezer during the deprived season. >>> next tonight are you tough enough for a new craze proving so spicy it dares you to take the challenge? coming up. ving so spicy

the painting by francis bacon the most expensive work of art ever sold at auction.last night for $142,405,000. that's crazy. that's crazy. >> oh, my gosh. >> look at that. >> anyway -- >> i know. the masterpiece was snatched up >> the masterpiece snatched up by an unidentified buyer after a six-minute bidding war. why couldn't i have found that in my basement? that would have been great. >> i feel so ignorant when it comes to things like that. i never heard or seen it before. >> you hear about monets but francis bacon, i'm not familiar with it, too. >> is the guy on a swing, or was -- what makes it a masterpiece besides it is francis bacon? >> that's what makes it a masterpiece. >> that's all it is. i need to start painting. i'm in the wrong profession. >>> toronto mayor rob ford faces his critics in the first city council meeting since he admitted he smoked crack. >> that did not stop ford from participating in a somewhat surreal scene yesterday where he spent five hours at city hall autographing the bobblehead dolls made in his likeness. hundreds of people paying

are depressing while tiffany shoppers are getting more free money to go shop or tiffany's or buy francis bacon triptych four hundred forty million dollars or andy warhol silk screen for one hundred million dollars that's the new financial irrigation financial engineering that is quantitative easing that's to financial innovation is that they figured out a way to keep people's wages from inflating while they inflate the value of their ill gotten artworks and now that chart west from j.p. morgan and what they said that this is showing what the chart shows is that there are debates about whether it's zero percent cost of money helps anything except financial asset prices all we know is that the fed has a story to tell i.e. cheap money is good and they are sticking to it more like sticking it to us. people are getting stuck that the quantitative easing is keeping wages low it's a program of financial repression wage growth is below inflation by design is financial repression or for an actual zero pression it's an actual economic term and it's it's what i call financial terrorism and the reason i c