David Hockney painting sells for $90M, breaking art record

HONG KONG-ART-AUCTION-CHRISTIE'S

HONG KONG-ART-AUCTION-CHRISTIE'S

David Hockney dethroned Jeff Koons as the most expensive living artist at auction when his painting, owned by billionaire Joe Lewis, fetched US$90.3 million (S$124 million) at Christie's.

It sold after more than nine minutes of frenzied bidding, according to Agence France-Presse.

The previous record for a work by a living artist was set by American Jeff Koons for one of his Balloon Dog sculptures which sold for $58.4m (£45.6m) in 2013.

The packed sales room in NY broke into applause when the hammer fell, with the buyer's premium and commission taking the final price to $90.3m.

"One was of a figure swimming underwater and therefore quite distorted ... the other was a boy gazing at something on the ground", Hockney said.

Avoid fake news! Subscribe to the Standard SMS service and receive factual, verified breaking news as it happens.

Alex Rotter, co-chairman of post-war and contemporary art at Christie's in NY, said the painting reflects both the European and the U.S. perspectives of Hockney who went to live in California in the 1960s and saw himself as living on both continents.

Kosovo visa issue: India at risk of losing worldwide events
Kosovan boxers were also denied entry in the Youth World Championships held in Guwahati a year ago for the same reason. Singh said the International Olympic Committee needs to mediate in this matter.

The standing figure is said to represent Hockney's former partner Peter Schlesinger, whom the artist met in 1966 while teaching art in California.

Christie's did not name either the seller or the successful bidder.

The Hockney had been taken on tour to drive up potential buyer interest, in Hong Kong, London and Los Angeles.

The sales across rival houses offer a chance to see works often not viewed in public for decades and theatrical displays of purchasing power by a new generation of buyers, more worldwide than ever.

Hockney's painting was sold at a Christie's auction in NY with the painting having increased in value from the modest $18,000 that Hackney's NY dealer fetched for it in 1972.

Would you like to get published on Standard Media websites?

Recommended News

  • El Chapo: trial of Mexican cartel boss begins in NY

    El Chapo: trial of Mexican cartel boss begins in NY

    Guzman faces 17 criminal counts and a potential life sentence if convicted in a trial that is expected to last several months. Guzman is accused of leading the Sinaloa cartel and turning it into the largest criminal organization on the planet.
    Theresa May statement after Cabinet meeting

    Theresa May statement after Cabinet meeting

    If people like Dominic Raab, Andrea Leadsom, Penny Mordaunt and Michael Gove can live with it then so can I. Two junior ministers, two ministerial aides and a vice-chair of the Conservative Party also resigned.
    Chris Stapleton wins big at 2018 CMA Awards

    Chris Stapleton wins big at 2018 CMA Awards

    Stapleton, however, cleaned house at the CMAs, winning four awards including male vocalist, song and single of the year. Veteran performer Ricky Skaggs, right, was joined by a host of others, including co-host Brad Paisley , on-stage.
  • Jones runs the Packers' show in win over Miami

    Jones runs the Packers' show in win over Miami

    The Packers' success continued whenever Jones was in the game, although he did have two false start penalties called against him. It's little consolation that the losses have come against two of the league's best teams, the Rams and Patriots.
    Ireland restore Devin Toner to side for All Blacks Test in Dublin

    Ireland restore Devin Toner to side for All Blacks Test in Dublin

    Connacht centre Bundee Aki has also shaken off a minor leg issue to make his first appearance against the country of his birth. Kieran Marmion has retained his spot at scrum-half with the Lions talisman Conor Murray still sidelined through neck trouble.
    Carmelo Anthony to part ways with Rockets after playing 10 games

    Carmelo Anthony to part ways with Rockets after playing 10 games

    He's missed the last three games with what the team has listed as illness. "We're moving forward. Anthony and the Rockets have parted ways after just 10 games, Houston announced Thursday.
  • Red Sox’ Mookie Betts Named American League MVP

    Red Sox’ Mookie Betts Named American League MVP

    Both batting champions won MVP awards for the first time since San Francisco's Buster Posey and Detroit's Miguel Cabrera in 2012. Trout, 27, led the entire Major League Baseball in OPS (1.088), on-base percentage (.460) and finished in second place.
    No more chopping and changing in ODIs - Ravi Shastri

    No more chopping and changing in ODIs - Ravi Shastri

    I don't think there is anyone who has said no to me more than him ( Ravi Shastri ) in Indian cricket", Kohli said. When questioned about perceptions of Shastri being Kohli's "Yes Man", the Indian captain laughed it off.
    Hee Haw host Roy Clark dies at 85

    Hee Haw host Roy Clark dies at 85

    Clark was soon touring with country legend Hank Williams and first played the Grand Ole Opry in 1950, according to his publicist. Clark even headlined a tour in the Soviet Union in 1976, when that was still a rare opportunity for American performers.
  • Lion Air victim's family files suit against Boeing

    Lion Air victim's family files suit against Boeing

    Zwingli added that Boeing's safety bulletin did not suggest additional training for pilots operating that aircraft. Lion Air Flight 610 crashed shortly after taking off from the Indonesian capital of Jakarta on October 29.
    New Fantastic Beasts TV Spot Asks You To Enjoy the View

    New Fantastic Beasts TV Spot Asks You To Enjoy the View

    Her Fantastic Beasts co-stars Ezra Miller and Alison Sudol were later seen rubbing her baby bump. The actor even leveled up the look by writing "avada kadavra" (the death spell) on his palm.
    Law enforcement, family mourn sheriff's sergeant killed in Thousand Oaks mass shooting

    Law enforcement, family mourn sheriff's sergeant killed in Thousand Oaks mass shooting

    In a letter read aloud at the church, Karen said she finds comfort knowing her husband died doing what he loved so much. Ventura County Sheriff Biull Ayub addressing the crowd attending the memorial service for Ventura County Sheriff Sgt.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.