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Rare Jackson Pollock Drip Painting From 1949 Heads To Auction

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One of American artist Jackson Pollock’s signature “drip” work is poised to rank amongst Pollock’s costliest works, after it returns to public sale subsequent month for the primary time in many years.

Key Facts

Number 31 is anticipated to fetch greater than $45 million at Christie’s twentieth Century Evening Sale public sale on May 12 after remaining in the identical personal assortment for greater than 20 years, in keeping with the public sale home.

The portray final bought at public sale in 1988 for $3.5 million, or $8.5 million at the moment, in keeping with Artnet.

“Number 31” has appeared in main Pollock exhibitions, together with the Museum of Modern Art in New York’s 1967 present and a 1998 retrospective that ran each at MoMA and at Tate Modern in London.

Pollock painted “Number 31” in 1949, the identical yr his artwork profession took off after he mastered the “drip painting” course of, through which he poured paint immediately from a can onto a canvas set down horizontally on the ground, generally utilizing a keep on with push and mix pigments.

In August of that yr, Pollock appeared in a four-page unfold in Life journal that urged he might be “the greatest living painter” within the nation, and by the top of 1949 his work had been bought by 5 main museums and 40 distinguished personal collectors, in keeping with Christie’s.

Big Number

$61.2 million. That’s the public sale file for a Jackson Pollock portray, set final yr when his “Number 17, 1951” bought as a part of the Macklowe assortment public sale. The successful bid was greater than double Sotheby’s estimate for the portray. Pollock work are recognized to promote for much more on the personal market: In 2016, billionaire Citadel founder Ken Griffin purchased a 1949 drip portray from fellow billionaire and DreamWorks founder David Geffen for $200 million, in keeping with the New York Times.

Key Background

“Number 31” will go to public sale alongside different high-profile works and collections this May, because the artwork world continues to bounce again from the coronavirus pandemic’s impression in the marketplace in 2020. A portrait of Marilyn Monroe by Andy Warhol might fetch greater than $200 million, whereas collections from rich artwork patrons just like the Macklowes and Anne H. Bass will assist enhance public sale homes’ gross sales.

Further Reading

Andy Warhol’s Portrait Of Marilyn Monroe Could Fetch Record $200 Million (Forbes)

Arts Philanthropist Anne Bass’ $250 Million Collection Of Paintings And Statues Heads To Auction (Forbes)

Rarely Seen Portrait Of Pablo Picasso’s Muse Makes Auction Debut (Forbes)

Art Market Surpassed Pre-Pandemic Levels In 2021 With $65 Billion In Sales, Report Says (Forbes)

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