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:
“I think sometimes that it is almost a pity to enjoy Italy as much as I do, because the acuteness of my sensations makes them rather exhausting; but when I see the stupid Italians I have met here, completely insensitive to their surroundings, and ignorant of the treasures of art and history among which they have grown up, I begin to think it is better to be an American, and bring to it all a mind and eye unblunted by custom.”
—Edith Wharton (1862–1937)
“It is a sign of our times, conspicuous to the coarsest observer, that many intelligent and religious persons withdraw themselves from the common labors and competitions of the market and the caucus, and betake themselves to a certain solitary and critical way of living, from which no solid fruit has yet appeared to justify their separation.”
—Ralph Waldo Emerson (1803–1882)