Official information

Auction record predicted for "Scream" painting

The betting company Ladbrokes believe it's likely that Edvard Munch's Scream is auctioned off for way more than asking price, and that the painting could possibly set a new auction record.

A version of Munch's painting Scream, owned by shipping magnate Peter Olsen, will be auctioned off at Sotheby's in New York on Wednesday. A pre-screening of the painting for special audience and potential buyers started on Friday.

The rumors are now circulating in the art community about a sales record. The asking price has been set to approximately NOK 460 million, but most experts estimate that the piece will sell for much more.

The British betting company Ladbrokes has estimated a final sale price of between USD 150 and USD 200, which would break the current record of USD 106,5 from 2010 when Christies sold a painting by Picasso.

The betting company has also estimated where the buyer is most likely to originate from. Russia is number one, followed by Asia, Europe and the U.S.

"I will not be surprised if the price exceeds USD 100 million, says Thomas Berntsen, manager at the art shop Kaare Berntsen in Oslo. Scream is absolutely unique, both in regards to its historic significance, and because it is an icon as well known as Mona Lisa," he explains to Aftenposten.


Julie Ryland

Related Articles

Sharp decrease in exploration estimate for 2016

Estimates for total investments covering oil and gas, manufacturing, mining & quarrying and electricity supply now show a decline for 2016. ..Read more...

Norway tightens border control

As of Thursday morning 08:00, Norway introduces  increased control of travellers on all ferries from abroad. The control includes all the major border crossings as well, also at Svinesund. ..Read more...

Norway's Consulate General in Mumbai reopened

- I am pleased to be able to reopen Norway's Consulate General in Mumbai. This means that the Foreign Service will be able to provide an even better service to Norwegians and Norwegian companies in India, says Foreign Minister Børge Brende...Read more...

Changes in aid budget due to refugee crisis

Norwegian Minister of Foreign Affairs Børge Brende says the the Government is proposing to reallocate NOK 4.2 billion from the aid budget, to help cover the costs associated with receiving refugees. ..Read more...

Reduced Q3 result for Statoil

Statoil's report for the third quarter of 2015 shows that adjusted earnings were NOK 16.7 billion, compared to NOK 30.9 billion in the same period in 2014. Net operating income according to IFRS for the quarter was NOK 7.3 billion, compared to NOK 17.0 billion in the same period in 2014...Read more...

Increased gas production from Troll A

The two new giant compressors that started up on the Troll A platform this month will help increase gas recovery by 83 billion cubic metres...Read more...

Norwegian Foreign Minister to visit India

Norwegian Foreign Minister Børge Brende will visit India from November 2nd to 3rd. During the visit to Mumbai Brende will be accompanied by a delegation from Norwegian industry as well as representatives from Norwegian companies. ..Read more...

New Copernicus contract for Kongsberg

Kongsberg Satellite Services (KSAT) has signed an expanded satellite support contract with a total value of 205 MNOK (21,8 MEUR) with the European Space Agency for the Sentinel satellites in the Copernicus program...Read more...

Norway welcomes peace agreement in Myanmar

-The signing of a national ceasefire agreement in Myanmar is an important first step towards lasting peace. Norway is ready to support all the parties in the further process, says Minister of Foreign Affairs Børge Brende.  ..Read more...

Det Norske acquires Swedish subsiduary

The Norwegian oil company Det norske has entered into an agreement to acquire Svenska Petroleum Exploration AS («Svenska») for a cash consideration of USD 75million on a cash free, debt free basis. ..Read more...

Statkraft opens hydropower plant in Peru

Norway's energy producer Statkraft recently opened the Cheves hydropower plant in Peru. The power plant is Statkraft’s ninth in the country...Read more...

Euro 2016: Norway miss out on automatic qualification

Norway's men missed out on an automatic Euro 2016 spot after a 2-1 defeat to Italy in Rome on Tuesday evening...Read more...

Starting subsea gas compression – boosting Gullfaks recovery

Norwegian energy provider Statoil with partners Petoro and OMV have started the world´s first wet gas compression on the seabed of the North Sea Gullfaks field.​..Read more...

Norway's activities in the Arctic

- The Arctic is Norway's most important foreign policy priority. The Government will continue to give high priority to Norway's efforts in the Arctic in 2016, says Minister of Foreign Affairs Børge Brende...Read more...

Norway condemns terrorist attack in Turkey

Norwegian Foreign Minister Børge Brende condemns the terrorist attack which hit Turkey's capital Ankara on Saturday...Read more...

Local News in Brief

Social Networking

Eidsvoll 200 year
Norges Rederiforbund


Bedin Front Right Top