Pollock Sells for $140M

by Nicole Weston (RSS feed)
Nov 7th 2006 at 10:03AM

Although neither the seller nor the buyer, both private and tight-lipped, want to comment on the sale, the $140 million price tag that was attached to a Jackson Pollock paining last week makes it the most expensive piece of artwork in history. The painting, which was done on fiberboard, is titled "No. 5, 1948" and measures 4-feet 8-inches in height. David Geffen reportedly it sold to the "obsessively private" Mexican financier David Martinez through Sotheby's. The NY Times speculates that, as Geffen just sold off two other very expensive paintings in the last few weeks, he may be trying to raise money for a bid to purchase the LA Times.

[Thanks, Lana]

Tags: art, art work, artwork, jackson Pollock, JacksonPollock, most expensive, MostExpensive, paint, painting, record

Filed under: Art

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Foil Nov 7th 2006 11:11AM

$140 mln for this?! This guy must be crazy or he is a fan of this painter

ooda Nov 7th 2006 10:49PM

I mean, I get that art is a subjective thing, but really, $140 million for this? It reminds me of those rectangular pizzas that Pizza Hut was selling about ten years or so ago. Sigh, I know this makes me a degenerate, but I really don't understand why Pollock is respected.

DG Nov 8th 2006 3:41PM

And why does a guy worth $4.4 BILLION need spare change to buy the LA Times???? Maybe he just realized the art market is at a real high at the moment and decided to get rid of this while he could.