Per Barrons:
David Hockney’s masterpiece, Portrait of an Artist (Pool with Two Figures), 1972, estimated at $80 million, then headlines Christie’s contemporary evening auction on Thursday, Nov. 15. If the 7-foot-by-10-foot painting by Hockney achieves its estimated value, it will be the highest price paid for a work by a living artist, Christie’s says.
“This is really one of the greatest works of the last 40 years,” says Evan Beard, national art services executive at U.S. Trust, the private bank unit of Bank of America. “It's one of the unique paintings that's become a celebrity in its own right.”
Postscript: The Hockney painting was sold for $90.3 million, a new record for a living artist. Keep in mind that Hockney himself didn't receive this sum. The work was owned and sold by British billionaire Joe Lewis.
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