Thursday, April 17, 2014

No. 5, 1948 ($161.7 Million)


Artist: Jackson Pollock 
Date Painted: 1948 
Art Style: Oil on Canvas 
Sold To: David Martinez (managing partner of Fintech Advisory) 
Price (Date of Sale): $140 Million (November 2, 2006) 
Adjusted Price Today: ~ $161.7 Million 

The painting was done on an 8' × 4' sheet of fiberboard, with thick amounts of brown and yellow paint drizzled on top of it, forming a nest-like appearance. 
It is speculated that David Geffen (the previous owner - founder of Geffen Records and co-founder of Dreamworks SKG) sold the painting, along with two others, to raise enough funds to bid for the Los Angeles Times. 
The Stone Roses' song "Going Down", B-side of "Made of Stone", makes a comic reference to the painting: "Passion looks like a painting, Jackson Pollock's No. 5". The record's cover was a painting by guitarist John Squire in a style similar to that of Jackson Pollock.

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