Hockney painting sells for record $90m

Image copyright Getty Images
Image caption Portrait of an Artist (Pool with Two Figures) climaxed held by Jeff Koons

A popular painting by British artist David Hockney has actually been cost Christie’s in New York for simply over $90m (£ 70m)-an auction record for a work by a living artist.

Portrait of an Artist (Pool with Two Figures) had actually been anticipated to bring $80m (£ 62m).

It offered following a 10-minute fight in between 2 bidders by means of telephone, after the cost passed $70m (£ 54m).

The sale eclipsed the previous record held by United States artist Jeff Koons.

His stainless-steel Balloon Dog (Orange) cost $58m (£ 45m )in 2013.

The jam-packed sales space in New York got into applause when the hammer fell, with the purchaser’s premium and commission taking the last cost to $90.3 m.

Christie’s did not call the effective bidder.

The Hockney work was painted in 1972 and is among the Yorkshire artist’s most recognisable works.

Image copyright AFP
Image caption The auction home in New York was loaded for the sale

The structure of the 2 figures started as 2 different photos on the artist’s studio flooring and was finished in time for an exhibit at New York’s Andr Emmerich Gallery in 1972.

Christie’s explained it as “among the excellent work of arts of the modern-day age”.

Earlier this year, another of the 81-year-old’s paintings cost $28.5 m (£ 22.2 m) – an individual auction record for the artist.

Portrait of an Artist (Pool with Two Figures) was formerly owned by record executive David Geffen, who offered it to British billionaire Joe Lewis in 1995 for a concealed amount.

Analysis

By arts editor Will Gompertz

There is great factor for all the difficulty over Hockney’s substantial canvas Portrait of an Artist. Painted in 1972, it unifies the concepts and styles he was checking out in the late 60s and 70s with his well-known “swimming pool” photos and “double pictures”.

The 2 private series are extensively thought about to be his finest work.

So the chance to purchase a photo that integrates both in a single effective and entirely meaningful image – by among the world’s most appreciated modern painters – is a chance that does not occurred really typically.

That indicates the market-driven guidelines of supply and need enter play, pressing the rate approximately the giddy heights of $90 million.

Art dealership Stephen Howes stated Portrait of an Artist (Pool with Two Figures) was “genuinely among the most renowned paintings of the 20th Century”.

The sale, he continued, “galvanizes the piece’s rightful location as a real work of art and additional cements Hockney’s location in the greatest tiers of art history.”

Image copyright Reuters
Image caption David Hockney commemorated his 81st birthday previously this year

The painting is so popular it was even parodied in the animation series Bojack Horseman, as one eagle-eyed Twitter user saw .

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