An abstract painting by New York artist Barnett Newman that features a field of blue paint crossed by a ragged white line sold last night for $43.8 million — more than most Manhattan penthouses — to conclude a bidding war at Sotheby’s.

Previously owned by Microsft co-founder Paul Allen, the work was bought by an unidentified bidder over the phone.

The nearly $44 million price tag for “Onement VI” — which looks like a canvas version of the video game Pong — surpassed the estimated $30 million to $40 million price.

“The speculative element is returning to the market,” said Jonathan Binstock, senior adviser in postwar and contemporary art at Citi Private Bank.

“There’s more money to spend on riskier opportunities, ones that would have seemed unappealing just a few years prior.”

Four artists, including Gerhard Richter and Nate Lowman, broke records at the auction, which fetched a total of $294 million at the prestigious auction house.

Newman is said to be influenced by other abstract expressionists such as Mark Rothko, Jackson Pollock and Frank Stella.


http://nypost.com/2013/05/15/43-8-million-for-this/

Wer is d painting??

I dey mad?

klassykute:
I dey mad?

my guy ,
when your net worth na $20billion,


You go even buy toilet seat $40million.

hungryboy:
my guy ,
when your net worth na $20billion,


You go even buy toilet seat $40million.

except dat wan

Woooow artistic

I'm in awe of the fine details on there... Marvellous

The artist must've spent loads of time on this beautiful masterpiece

Where the painting

I have looked at the picture for almost 20mins and I am yet to see anything like painting. I am not giving up though, I am going to save this thread for further examination. The world has love for abstract and mysterious things, things that lack explanation. That is why you should never live an obvious life. Let people explain you, but never explain yourself to people.