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Forbes: Bidzina Ivanishvili Sold Three Artworks for 112 million USD

Georgian billionaire Bidzina Ivanishvili has sold three artworks from his own collection for 112 million USD, the Russian Forbes reports.

According to the edition, Ivanishvili sold the last work at Christie’s auction in 2016  for 66 million USD. Initially, the work was estimated at 40 million USD. The mentioned work had sold for 27 million USD in 2006.

At the same time, the Russian Forbes unveils that in 2016 Ivanishvili had put out 4 masterpieces for auction. According to the edition, Ivanishvili’s property is estimated at 4.8 billion USD.