Art Market
As the style of his later works continued to evolve into early 1989, his vintage works drew increasing profits; at Sotheby's auctions Pink Lady (1944) sold for US$3.6 million in 1987 and Interchange (1955) brought $20.6 million in 1989. In November 2006, Kooning's Woman III was sold by David Geffen to Steven A. Cohen for $137.5 million, making it the second most expensive painting ever sold at that time.
Read more about this topic: Willem De Kooning
Famous quotes containing the words art and/or market:
“It is one of the prodigious privileges of art that the horrific, artistically expressed, becomes beauty, and that sorrow, given rhythm and cadence, fills the spirit with a calm joy.”
—Charles Baudelaire (1821–1867)
“The only reason to invest in the market is because you think you know something others don’t.”
—R. Foster Winans (b. 1948)