The Sotheby's auction house is about to auction off an extremely famous painting by Francis Bacon. Link:

Francis Bacon - Portrait of George Dyer Crouching

The pre-auction estimate is a whopping 30,000,000 - 50,000,000 USD. This market resolves YES if the final sale price listed on the Sotheby's website is >$50 million USD.

Resolution details:

• Example from a past auction: This painting by Vigée Le Brun sold for 3,085,000 USD. This is the equivalent number I will use.

• Note that the final listed sale price typically includes the buyer's premium (beyond the bid you hear during the auction.

• If the lot is withdrawn before the auction, or it fails to sell, this market resolves NO. It only resolves YES if it successfully sells with a listed price >$50 million.

Painting details

Passionate yet tumultuous, Francis Bacon’s romance with his muse and lover George Dyer was a profound influence throughout the artist’s life and work, with his portraits of Dyer standing among the most powerful of his works. This May, Sotheby’s will offer Francis Bacon’s 1966 Portrait of George Dyer Crouching - the first from a critical cycle of 10 monumental portraits of Dyer created between 1966 and 1968, marking the inauguration of a momentous corpus of beautiful yet agonizing masterworks dedicated to his most significant muse...

A striking masterwork from the apex of the artist’s practice, Portrait of George Dyer Crouching provides a haunting glimpse of George Dyer through the eyes of his lover, simultaneously as a hero and as a figure of vulnerability. (link)

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