Arts & EntertainmentArts & CultureCulture Monster

Artworks by Barnett Newman and Gerhard Richter set auction records

ArtistsArts and CultureAuction ServiceGerhard RichterSotheby's Holdings IncorporatedThe Wall Street Journal

A painting by Barnett Newman set an artist record at auction on Tuesday, selling for $43.8 million in New York. Sotheby's had expected "Onement VI," an abstract work in dark blue, to go for between $30 million and $40 million.

The sale was part of a larger auction of contemporary art that brought in a total of $293.6 million, on the low end of expectations. The sale included an auction record for Gerhard Richter. The artist's photo-painting "Domplatz, Mailand" brought in $37.1 million. A Yves Klein piece, "Untitled Blue Sponge Sculpture," sold for $22 million.

The Newman painting was created in 1953. [Updated] The painting was being sold by Microsoft co-founder Paul Allen, according to reports in the Wall Street Journal and Seattle Post Intelligencer.

It once belonged to Frederick Weisman, the late Los Angeles art collector whose foundation still runs tours of the family's private collection in L.A. Weisman acquired the painting in 1961, according to Sotheby's. The piece was subsequently sold to other individuals.

Sotheby's didn't reveal the buyer, but the New York Times reported that the winner was a telephone bidder speaking Italian. 

ALSO:

Oil-rich Qatar pays record $250 million for Cezanne painting

Chinese bowl bought for just $3 sells for $2.2 million at auction

Edvard Munch's 'The Scream' goes for $119.9 million at Sotheby's

MORE

PHOTOS: Hollywood stars on stage

CHEAT SHEET: Spring arts preview 2014

PHOTOS: Arts and culture in pictures

 

 

Copyright © 2014, Los Angeles Times
Related Content
ArtistsArts and CultureAuction ServiceGerhard RichterSotheby's Holdings IncorporatedThe Wall Street Journal
Comments
Loading