Thursday, November 02, 2006

New Record?

Carol Vogel reports in today's New York Times that David Geffen has sold a Pollock painting, "No. 5, 1948," for "about $140 million," a price which, "if officially confirmed," would be the highest ever known to have been paid, surpassing the $135 million Ronald S. Lauder paid in June for Klimt’s “Adele Bloch-Bauer I.” She identifies the buyer as David Martinez, a "Mexican financier who bought a two-floor apartment in the south building of the Time Warner Center for $54.7 million recently."