Who would buy a painting for nearly 120 million and why?

The Scream sold for nearly 120 million last week in an auction at Sotheby’s in New York City.

According to a BBC report the bidding war lasted only twelve minutes before this Iconic piece of Art was sold to a buyer over the telephone.

Who would pay such a monumental price for a single work of Art? For those who do not know about art or understand the importance of this event, this painting is one of the most recognized piece of art for numerous reasons, such as its relevance and importance in history of art, for its lines, colors, execution, for the artist and the man behind the painting Edvard Munch, the moment in his life when he made this work and the reason why he painted it, his intention, and so much more…that is the beauty of a wonderful work of Art, one can never say enough for it speaks volumes on many levels to so many minds.

Nevertheless, an Iconic work of Art has been sold to a new owner, and one who we do not know since the buyer was not present in the room.