Edvard Munch's 'The Scream' sells for record $120 million at Sotheby's

NEW YORK (Reuters) – Edvard Munch's masterpiece "The Scream," one of the world's most recognizable works of art, sold for $120 million at Sotheby's on Wednesday, setting a new record as the most expensive piece of art ever sold at auction.

Edvard Munch's “The Scream'' is not, as many assume, a picture of a person mid-scream. Rather, it depicts a person reacting with defensive horror to a scream – “an endless scream passing through nature,'' as the artist himself put it.

Edvard Munch's The Scream is one of the most recognizable pieces of artwork in the world and that fact could help the painting fetch upwards of $200 million.

SIR Mervyn King has urged the Government not to delay reforming the financial sector and admitted more should have been done to avert the banking crisis. The Governor conceded the Bank of England should have “shouted from the rooftops” that banks had

Edvard Munch's The Scream is one of the most recognizable pieces of artwork in the world and that fact could help the painting fetch upwards of $200 million.