Published
5 years agoon
NEW YORK — One of David Hockney’s famous “pool paintings” is coming to auction and is expected to sell in the $80 million range, easily breaking the record for a work by a living artist.
The British artist’s “Portrait of an Artist (Pool with Two Figures),” to be auctioned at Christie’s on Nov. 15, is considered one of his premier works.
Christie’s has estimated the work at about $80 million but says it expects it to sell for more.
The previous record for a work by a living artist was set by Jeff Koons’ “Balloon Dog,” which sold for $58.4 million in 2013.
The 1972 painting by Hockney, now 81, is “the holy grail of his paintings, from both the historical and the market perspectives,” said Alex Rotter, co-chairman of post-war and contemporary art at Christie’s. He noted that it reflects both the European and the American perspectives of an artist who came to live in sunny California in the ’60s and saw himself as living on both continents.
The upcoming sale, Rotter said, “will definitely be a record for David Hockney at auction. And with Mr. Hockney one of the last of his generation still standing, and also painting, this painting will likely be the most expensive work by a living artist sold at auction.”
But who will buy an $80 million painting?
“It will be someone who wants the best painting of an artist,” Rotter said, “and the best painting of an artist with historical relevance.”
He added: “Wherever it ends up, I can tell you it will be surrounded by other top works of the 20th century.”