Thursday, May 6, 2010

Top Of The Auction Heap (this week) Holy Mona



PABLO PICASSO (1881-1973) Nude, Green Leaves, and Bust Signed ‘Picasso’ (upper right) oil on canvas 63 3/4 x 51 in. (162 x 130 cm.) Completed on 8 March 1932


Good Day 2U,

I must say that dead artists get paid really well.  The above painting by the late great Pablo Diego José Francisco de Paula Juan Nepomuceno María de los Remedios Cipriano de la Santísima Trinidad Ruiz y Picasso sold this week at auction for a cool $106.5 million USD (£70.3 million) at Christie's in New York – And hey, since our Canadian dollar is now above par with the U.S. dollar, at today’s currency exchange that would be a mere

$110,246,277.56 CAD.

Not a bad days wage.  Picasso completed the painting in a single 1932 day.

As good as that sounds Jackson Pollock still has the record for the most expensive painting sale on record.  I think Jackson took longer to paint it so his per diem rate may be lower than Pablo’s.

Read more about the painting and the sale in an article published online by the Telegraph.

Jackson Pollock’s 1948 painting entitled No. 5 1948 was arguably his greatest masterwork, the most vivid expression of the painter’s unique style.  When it was sold by David Geffen in 2006, it became the world’s most expensive painting in history at a price-adjusted $149.70 million dollars USD.  That would be

$155,161,149.51 CAD


Jackson Pollock No 5 1948

No. 5, 1948 by Jackson Pollock, 
243.8 cm × 121.9 cm (96 in × 48 in), oil on fiberboard


Not for sale lately.  However . . .


Mona Lisa (also known as La Gioconda or La Joconde)

by Leonardo de ser Piero da Vinci, oil on poplar,

77 cm × 53 cm (30 in × 21 in)

Before a 1962–3 tour, the painting was assessed, for insurance purposes, as valued at $100 million; the insurance was not bought, instead more money was spent on security.

$100 million in 1962 is approximately $700 million USD when adjusted for inflation using the US Consumer Price Index.  That is about $726,528,110.33 CAD in today’s loonies.  Thank you Leo.

The Mona Lisa was stolen by a Louvre employee in 1911.According to the Wikipedia article Pablo Picasso was a suspect at one point in the investigation.

“French poet Guillaume Apollinaire, who had once called for the Louvre to be "burnt down," came under suspicion; he was arrested and put in jail. Apollinaire tried to implicate his friend Pablo Picasso, who was also brought in for questioning, but both were later exonerated.”

Here is a link to some interesting info about Mona.


And here is some affordable art by a live artist still wearing two ears.

Collage John R Redmond May 1 2010



detail 30 x 24 January 25 2010 edit 025

John Redmond

Ottawa, Canada



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