Thursday, April 17, 2014

Portrait of Dr. Gachet ($148.6 Million)


Artist: Vincent Van Gogh 
Date Painted: 1890 
Type: Oil on Canvas 
Sold To: Ryoei Saito
Price (Date of Sale): $82.5 Mlilion (May 15, 1990) 
Adjusted Price Today: ~ $148.6 Million 

This painting depicts Dr. Paul Gachet, who took care of Van Gogh during the final months of his life.There are two authenticated versions of the portrait, both painted in June 1890 at Auvers. Both show Doctor Gachet sitting at a table and leaning his head on his right arm, but they are easily differentiated in color and style. 
Ryoei Saito, the honorary chairman of Daishowa Paper Manufacturing Co bought the painting - he later said he would consider giving the painting to the Japanese government or a museum, no information has been made public about the exact location and ownership of the portrait since his death in 1996. Reports in 2007 have claimed the painting was sold a decade earlier to the Austrian-born investment fund manager Wolfgang Flöttl. Flöttl, in turn, had reportedly been forced by financial reversals to sell the painting to parties as yet unknown.

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