2009 price in NY for nude Madonna a relative steal

February 13, 2009 6:26:10 PM PST
The Material Girl has lost some of her glitter - at auction, anyway. A full-frontal nude photo of a 20-year-old Madonna sold for just $37,500 Thursday, a sharp drop from the $96,000 auction record set in 2005 during flusher times.

The Lee Freidlander photograph was purchased by Italian businessman Fabrizio Masoni. He is the owner of a leather products company in Tuscany. The photo will be added to the company's art collection and be exhibited in its showroom.

On Thursday, Christie's had said that Friedlander's explicit black-and-white image of Madonna may have been the highest price ever paid at auction for a photograph of the singer.

But after further research, the auction house said Friday the record belonged to a print taken by fashion photographer Helmut Newton that sold for $96,000.

CLICK HERE to follow Action News on Twitter

CLICK HERE to get Action News on your website

CLICK HERE to find Action News on Facebook

Click here to get the latest Philadelphia news and headlines from across the Delaware and Lehigh valleys.