Jackson Pollock painting sells for record $181.2 million
A Jackson Pollock painting, Number 7A, 1948, sold for a record $181.2 million (£135.3 million) at Christie's auction house in New York, making it the fourth most expensive artwork ever sold at auction, according to ARTnews. This sale surpasses the previous auction record for a Pollock work, which was $61.2 million set in 2021. The auction also featured a bronze sculpture by Constantin Brâncuşi that sold for $107.6 million, marking the second highest amount ever paid for a sculpture at auction.
Sotheby's New York auction raises $303.9 million
Sotheby's Modern art evening auction in New York generated $303.9 million, bolstered by strong sales of works from artists including Henri Matisse, Pablo Picasso, and Vincent van Gogh. The auction featured a 97.6 percent sell-through rate, with Matisse's _La Chaise Lorraine_ selling for $48.4 million, exceeding its $25 million estimate. The total represented a 63 percent increase from a similar auction last year, reflecting renewed interest in the art market.
Lord Sainsbury donates £91.2 million to Sainsbury Centre
Lord David Sainsbury has donated £91.2 million to the Sainsbury Centre at the University of East Anglia, aimed at upgrading its facilities and enhancing sustainability. The funding is intended to secure the future of the venue, which was originally established through a donation from Sir Robert and Lady Lisa Sainsbury in 1974. Jago Cooper, the centre's executive director, stated that this contribution will revitalize the vision of architect Norman Foster for the art museum.
Seoul's Centre Pompidou Hanwha to Open June 4
Seoul's Centre Pompidou Hanwha is set to open on June 4, marking the Pompidou's third international branch, following locations in Shanghai and Málaga. The museum will feature two main exhibition halls, each approximately 1,600 sq. m, and will host two exhibitions annually from the Pompidou collection, starting with 'The Cubists: Inventing Modern Vision.' The four-year partnership between the Hanwha Foundation of Culture and the Centre Pompidou aims to foster cultural exchange and support for Korean artists, amidst concerns regarding potential Western bias in its offerings.
