The record has been broken! Paul Gauguin painting, Nafea Faa Ipoipo (When will you marry?) is now the world most expensive painting.
This post – impressionist oil painting, sold for USD 300 million, was made in 1892 in Tahiti where Gauguin resided at that time. According to New York Times the buyer comes probably from Qatar. This is not confirmed nor denied by Rudolf Staechelin, a retired Sotheby’s executive and the previous owner of this painting.
If you look at the top ten most expensive paintings in 2009, you see that the prices have been soaring since the start of 1990es. The highest priced painting on that list, Jackson Pollock’s Nr.5, was sold at USD 140 million in 2006.
This record price was broken by The Card Players, from Paul Cézanne. It was sold for USD 274 million in 2011. The buyer was from Qatar as well.
It is part of the series of four paintings, three of which are collection of world well-known museums. Cézanne painted the series in early 1890es.
And now with this vibrant coloured post-impressionist Gauguin, the most expensive painting is USD 300 million.
I am intrigued by the facts that the buyers of the most expensive paintings in the world are from Qatar. There were times when Japanese buyers dominated art auctions. Art is a valuable investment although it is difficult to attach certain price to it.
I am no art expert, I just love it but still I can’t understand this work from American contemporary artist, Mark Rothko, White Center (yellow, pink and lavender on rose). It is sold in 2007 for USD 83 million. The buyer is a Qatari also, a sheikh. The colours are beautifully combined, but is this painting USD 83 million worth? You tell me.
What a contrast to see that Claude Monet’s oil painting which seemingly requires much more work done than Mark Rothko’s painting above, Le Grand Canal from 1901 was sold for only USD 36 million last Tuesday.
I guess I would never understand how the pricing in the art world works. And now let’s wait for the new record price. Up to the next art auction!