"1987 - A painting by Vincent Van Gogh has been sold for $49m (£27m) - a world record for a work of art. The final price was more than twice what the painting, called Irises, had been expected to reach. (...)
The previous record for a painting was set in March by another Van Gogh masterpiece, Sunflowers. It was bought in London for just under $40m by a Japanese insurance company."
"In the spring of 1888 he [Reid] presented his father, James Reid, with two paintings by Van Gogh. The first was Still Life, Basket of Apples; the second was a portrait of Reid himself (...)His father later sold them to a French dealer for £10 each.
The (...) Moulin-de Blute-fin (...) was sold by Reid to another Glasgow collector, William McInnes, in July 1921 for £550. By the early 1920s, prices for Van Gogh's work were on the rise; and the first of a flurry of fakes were appearing. In 1923 Sir James Murray, an Aberdeen collector, acquired Still Life with Daisies and Poppies, which turned out to be a forgery.(...)
[Portrait of Alexander Reid] was eventually bought by Glasgow Museums in 1974 for £166,250.(...)
Olive Trees was painted outside the asylum in St-Rémy in 1889. It was first acquired in 1923 for £275. Today, the piece has strong Scottish ties, having been bought by the National Gallery for £1,600 in 1934.
Some recent figures:
1921 Gainsborough Blue Boy £148,000 (equivalent to £4.5 million today)
1970 Velasquez Juan de Pareja £2.3million (equivalent to £21million today)
1987 Van Gogh Sunflowers £22.5 million (equivalent to £39 million today)
1990 Van Gogh Dr Gachet £44 million (equivalent to £61million today)
(...)
Rubens’s Massacre of the Innocents sold in 2002 for £49.5 million = £11,000 per square inch
Van Gogh’s Dr Gachet sold in 1990 for £44 million = £66,000 per square inch
Raphael’s Madonna of the Pinks sold in 2004 for £35 million = £341,130 per square inch
Picasso’s Boy with a Pipe sold in 2004 for £58 million = £45,312 per square inch
2006 The New York Times said the city's Neue Galerie paid $135m (£73m) for the oil painting [The portrait of Adele Bloch-Bauer by G. Klimt]in a private sale.
The $140m quoted as the price obtained by Sotheby's for Pollock's Number 5, 1948 would make it the highest figure known to have ever been paid for a painting.
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