Dec 06, 2012

By Michael Kramer

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A staggering sum was paid for a Renaissance drawing last night.

Raphael’s  “Head of Apostle” sold at Sotheby’s  in London  for $47.8 million – just over twice its pre-sale estimate.

The  black chalk drawing came from  Chatsworth, the Derbyshire home of the Duke of Devonshire.

 It had belonged to the Duke’s family since sometime late in the 17th  or early 18th century.

The Raphael drawing was created around 1519 and was a study  for a figure in one of the artist’s greatest late paintings, “Transfiguration,” which belongs to the Vatican Museum in Rome.

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