Calder's Spunk of the Monk priced at $25 million
- April 18, 2010 21:38
In 1964, a Midwestern executive paid $35,000 for a sculpture by Alexander Calder (1898-1976), called “Spunk of the Monk.”
The painted-steel work consists of three massive interconnected arcs on seven legs and stood for years in the courtyard of American Republic Insurance Co. in Des Moines, Iowa.
“Spunk of the Monk” came back to the market last fall and was shipped to Gagosian's Chelsea gallery for an exhibition. The price, according to the Calder Foundation, is in the $25 million range.
