A painting of the cafe owner from Arles, Madame Ginoux has made $40.3 million USD at a Christies art auction in New York recently. The 1890 painting by Vincent van Gogh was expected to reach between $40 and $50 million.
The work was extensively marketed to major art collectors around the world, but there was only two bidders fighting over the rare portrait by the Dutchman.
So, in an absurd kind of way, it was probably a bargain for such an important work. I should have put in a bid!
In 1990 Van Gogh’s “Dr. Gachet” went for $82.5 million.
There were 50 works in the Christies sale, with only seven not finding a new home. Which means that 43 modern and impressionist paintings sold for $180.2 million.
Another important work will go up for auction tonight. Pablo Picasso’s portrait of Dora Maar With Cat is expected to reach $50 million.