- Abstract painting "White center" by Rothko $72,840,000.
- Previously owned by Rockefellers; one of the richest and powerful dynasties of America, making their millions from banking and oiling.
- Was bought in the 1960s Rockefeller bought if for less than $10 000. Half a century later was bought for ~7284 times the price he bought it for.
- One thing that can make the value of a painting go up is known as "provenance". Who has owned the painting in the past. The name of the previous owner is as important as the artist.
- The value put in the auction doesn't equate to the value of the painting, it's the value of two people bidding against each other because they really want the painting.
- "Massacre of the Innocents" by Peter Paul Rubens sold for $76,529,058 in 2002.
- At first, it wasn't thought to be by Rubens, but once it was the value of the painting skyrockets
- Bought by Canadian billionaire, Ken Thompson.
- Now hangs in Ontario Gallary.
- It's rare for paintings by old masters to go auction because most of them are in museums and are very likely not go back into the market.
- 'Water Lily Pond' by Monet went for $80,379,591.
- Bought by Tania Pose, an art advisor. She didn't buy it for herself.
- 'Au Moulin de la Galette' by Renoir was bought for $78,100,000 and 'Portrait of Dr Gachet' by Van Gogh was bought for $82,500,000 by the same collector in 1990.
- Both were bought within 2 days
- Ryoei Saito, the head of Japan's second-largest paper manufacturing company had bought the paintings.
- Sometime after the paintings were bought Saito got into financial ruins. Even at one time threating to burn the painting than selling them.
- The painting is still in storage, their value well below what Saito bought for them.
- 'Triptych' a series of 3 paintings by Francis Bacon was bought for $86,281,000 in 2008.
- 'Adele Bloch-Bauer ||' by Klimt was bought for $87,936,000.
- Portrait of Adele Bloch-Bauer was the wife of Ferdinand Bloch-Bauer, a wealthy industrialist in Vienna
- Was stolen from a Jewish family by the Nazis. the works were returned to the Bloch-Bauer heirs and subsequently sold to other collections.
- Buyer too is Jewish.
- The history of the painting, the history of what the painting has gone through and the Jewish added on to the value.
- 'Dorz Maar au Chat' by Picasso went for $95,216,000 in 2006.
- Bought by a Georgian collector
- 'Garcon a la pipe' by Picasso was bought for $104,168,000
- 'Nude,Green Leaves & Bust' by Picasso $106,482,50
- Was a painting of Picasso's mistress,Marie-Thérèse Walter.
feb 10 2018 ∞
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