Christie’s London art auction next month will see the sale of another iconic Francis Bacon painting, a portrait of the painter’s lover George Dyer, which is estimated to sell for $49 million.  “These sellers understand margins, and the uplift can be colossal,” says dealer Alan Hobart. “The auction houses have the buyers at the top end of the market. It’s globalized money. Bacon is now an auction commodity.”Read more at Bloomberg

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