Who knows better, London bookies or Sotheby’s? The auction house has placed an $80m estimate on Edvard Munch’s “The Scream” for its May 2nd sale of impressionist and modern art in New York. Bookies at Ladbrokes, a London-based “gaming” company, think it will go considerably higher. Current odds are 6/4 that the painting will sell for $100m-$150m, and 3/1 that it will reach $200m.Ladbrokes is even taking bets on the winning bidder’s home turf. Russia leads the pack, with Asia and Europe tied for second. If that bet seems too tame, you might take their 21/1 wager that the painting will be stolen before the auction. At the moment, Picasso’s “Nude, Green Leaves and Bust” still holds the record for most valuable painting sold at auction. It realized $106m at Christie’s in 2010.
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