Art Market
In 2012, San Francisco financier George R. Roberts sold a nearly ten-foot wide, untitled black-and-white work from 1957 at Christie's, New York; the painting went to a telephone bidder for $36 million, or $40.4 million with fees (Christie’s guaranteed the seller Robert Mnuchin an undisclosed minimum), a record price for the artist at auction and more than six times the previous record, which was set in 2005 when Christie’s sold Crow Dancer (1958) for $6.4 million. Kline has no catalogue raisonné. As a consequence, the trade in Kline forgeries is extensive, and there have been a lot of Klines offered by major auction houses that are considered questionable by art historians.
Read more about this topic: Franz Kline
Famous quotes containing the words art and/or market:
“Has the art of politics no apparent utility? Does it appear to be unqualifiedly ratty, raffish, sordid, obscene, and low down, and its salient virtuosi a gang of unmitigated scoundrels? Then let us not forget its high capacity to soothe and tickle the midriff, its incomparable services as a maker of entertainment.”
—H.L. (Henry Lewis)
“Today the tyrant rules not by club or fist, but, disguised as a market researcher, he shepherds his flocks in the ways of utility and comfort.”
—Marshall McLuhan (1911–1980)