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Jackson Pollock, "No. 16" (1950)
Oil and Enamel on Masonite,
22 1/4 x 22 1/4 in. (56.5 x 56.5 cm.)
Rio de Janeiro’s Museum of Modern Art (MAM) has sold its Jackson Pollock (the only Pollock on public view in Brazil) for just $13 million.
The museum has been in financial trouble amidst an economic crisis in Rio de Janeiro State, slowing donations at the institution that receives no government funding. In March 2018, a collector offered to buy the painting, which was donated by Nelson Rockefeller in 1952, for $25 million, and later offered to put it on view for three months annually at MAM, and keep it in Brazil.
However, the museum board was at a stalemate on its decision to sell the work for so long, that the collector withdrew the offer.
However, the museum’s $3 million debt remained, and its annual revenue is just more than half of what it needs to operate successfully. So last week, the work sold at Phillips in a private transaction, to an undisclosed buyer, for an undisclosed amount “in the range” of $13 million.
Image Courtesy Phillips
Saddest part of Dragon Ball Z is when N°16 dies, He was a better human being than many others...
(Les aventures du violon de AL: N°16. " SPLEEN.") - à été publié sur le blog de FranceOrchestre.fr
le nouvel article à été publiée http://www.franceorchestre.fr/blog/2014/12/les-aventures-du-violon-de-al-n16-spleen/
Les aventures du violon de AL: N°16. " SPLEEN."
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