The Guardian runs a story this morning that the New York Times reports that a Jackson Pollock picture, Number 5, was sold at auction by Sotheby’s for $140m this week. This amount sets a new world record breaking the previous record of $135m paid for Klimt’s portrait of Adele Bloch-Bauer.

But the Guardian points out that “The prices all have to be heavily qualified because sales of fine art masters between private owners are among the most tightly controlled and secretive deals around.”

The painting of one of Pollock’s first drip paintings is a large 4′ x 8′ abstract piece in reds, yellows, blues and greys.

Guardian article here

Jackson Pollock pictures here

This entry was posted on Friday, November 3rd, 2006 at 2:59 pm and is filed under ArtWatch. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.