From P. Diddy to the Hundred Acre Wood: The Year in Auction Records
Art Business

From P. Diddy to the Hundred Acre Wood: The Year in Auction Records

Kerry James Marshall, Past Times, 1997, acrylic and collage on canvas, sold for $21.1 M, setting the artist’s personal record. It was certainly not a boring year in the art market. While there was nothing on the order of last year’s $450.3 million sale of Leonardo’s Salvator Mundi (ca. 1500), Banksy auctioned a self-destructing work; a documentary on the industry, The Price of Everything presented some ugly truths about the business; and records were set for numerous living artists at auction. Below, a look at some of the highlights delivered via paddle and gavel. David Hockney Becomes the Most Expensive Living Artist The sale of David Hockney’s Portrait of an Artist (Pool with Two Figures) , 1972, at Christie’s New York in November for $90.3 million was perhaps the biggest auction news of the year. The work became the most expensive piece sold by a living artist ever sold at auction, shattering the previous record, held by a Jeff Koons Balloon Dog that had gone for $58.4 million in 2013. It took nine minutes of bidding for the Hockney to sell. The buyer remains a mystery. Oh, Bother. A New Record for a Children’s Book Illustration The original map […]

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