Francis Bacon's Three Studies of Lucian Freud set a new world record for a piece of art sold at auction last night in New York when it went under the hammer and sold for a record breaking £89.3 million, against an estimate of £85 million. There were apparently seven bidders who fought it out for 10 minutes before one of them successfully bought the artwork. The price paid exceeds that of the version of The Scream by Edvard Munch that sold last year which was previously the most expensive piece of art sold at auction. I wonder which billionaire now owns these paintings, and whether they will ever be publicly exhibited again. Really glad I saw them when I had the opportunity.