Thursday, April 17, 2014

Flag ($117.6 Million)


Artist: Jasper Johns Date 
Painted: 1954 
Type: Encaustic Painting (Hot Wax Painting) 
Sold To: Steven A. 
Cohen Price (Date of Sale): $110 Million (March 2010) 
Adjusted Price Today: ~ $117.6 Million 

An encaustic painting is a hot wax painting which involves using heated beeswax to which colored pigments are added. The US flag was in the news repeatedly in 1954. The McCarthy hearings came to a close on 17 June 1954, only three days after Flag Day. 
The work measures 107.3 centimetres (42.2 in) by 153.8 centimetres (60.6 in). Yet again, it was purchased by Steven A. Cohen in 2010. 
Not much news about the painting now, however it can be assumed that it is in good hands. It is currently on display at the Moma in New York.

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