The New York Times has reported that a Jackson Pollock drip painting owned by David Geffen has been sold for $140 million. If confirmed, this would make it the most expensive painting in the world.
“Just last month Mr. Geffen sold two other 20th-century paintings a Jasper Johns and a Willem de Kooning for a total of $143.5 million. Given that he is among many business figures who has expressed interest in buying The Los Angeles Times, media industry analysts speculated that he was trying to raise cash for a potential bid. The Pollock, a densely tangled composition in browns and yellows, is unusually large, measuring about 4 by 8 feet, and was painted on fiberboard”. NY Times (may require free registration to view full article)
It looks like a lot of major art collectors want to own “the most expensive painting in the world” and are prepared to pay anything for it. I’m not saying that Jackson Pollock or Gustav Klimt don’t deserve to have such a title, but it would be interesting to see what buyers are now willing to pay for an important work by Vincent van Gogh or Pablo Picasso.