Chances are, if you’ve been perusing the news today, you’ll have seen that Francis Bacon‘s Three Studies of Lucian Freud has become the world’s most valuable painting sold at auction, knocking Edvard Munch‘s $120m The Scream off the top spot by a considerable amount.

And nowhere has covered the auction better than Paul Fraser Collectibles. Read the report on the sale here, or our ten (genuinely) fascinating facts about Francis Bacon, or the 11 reasons why the painting is now the most valuable ever sold.

Just in case that wasn’t enough art news, we’ve also reported on the rest of the sale, which also saw a new world record for a work by a living artist.

Joe