Nafea Faa Ipoipo
Nafea Faa Ipoipo (When Will You Marry?), a 1892 oil on canvas by French artist Paul Gauguin. Source: Artothek/AP Photo
Above Paul Gauguin painting of two Tahitian girls sold for about $300 million,the work was purchased by the Qatar Museums Authority, according to the NY Times.
The 1892 painting, “Nafea Faa Ipoipo (When Will You Marry?)” was sold by the Rudolf Staechelin Family Trust, a Swiss private collection Staechelin, a retired Sotheby’s executive who lives in Basel, Switzerland, declined to comment on the buyer or the price.
Art sales have more than doubled from $6.3 billion in 2009, as surging financial markets lifted the fortunes of the world’s richest. Auctions globally totaled $16.1 billion in 2014.
The sale of the Gauguin at such a high price may entice other collectors to rethink the future of their trophy works.
On Exhibit
Staechelin’s family trust owns a collection of Impressionist and Post-Impressionist works by Pierre-Auguste Renoir, Camille Pissarro, Claude Monet, Vincent Van Gogh and Pablo Picasso, according to a June statement from the Phillips Collection in Washington announcing an exhibition in which a portion of the works will be on view starting Oct. 10. The Gauguin painting will be included in the show, Phillips said.The painting will be shown at the Fondation Beyeler in Basel starting Feb. 8 as part of an Gauguin exhibition and then at the Museo Nacional Centro de Arte Reina Sofia in Madrid from March 18 to Sept. 13 before going to Washington.The collection was started by Rudolf Staechelin, a businessman who assembled the works during World War I and in the early postwar years, according to the Phillips statement.He was an adviser to the Kunstmuseum Basel museum and after his death, his son Peter loaned the collection to the museum in the late 1940s and early 1950s, according to the Phillips statement.
Ending Loan
The family trust is ending its loan to the Basel Kunstmuseum.
Staechelin, who is the grandson of the businessman, said in his e-mail that the family trust sold the Gauguin for “different reasons, good market, better asset allocaiton (over 90% of our family assets are paintings), different opinions with local authorities.”
The sale will be completed in January 2016 after the exhibition in Washington, Staechelin said.
Sheikha Mayassa Al Thani, the daughter of the emir of Qatar is head of the Qatar Museums Authority.
The organization is estimated to have purchased or commissioned over $1 billion in art in 2014 alone, which is 2% of the total money spent on art in 2014.
List of highest prices paid at auctions or private sales (inflation adjusted)
Where necessary, the price is first converted to dollars using the exchange rate at the time the painting was sold. The inflation adjustment may change as recent inflation rates are often revised. A list in another currency may be in a slightly different order due to exchange rate fluctuations. Paintings are only listed once, i.e. for the highest price sold.
| Adjusted price (in millions) | Original price (in millions) | Painting | Image | Artist | Year | Date of sale | Rank at sale | Seller | Buyer | Auction house |
|---|---|---|---|---|---|---|---|---|---|---|
| ~$300 | ~$300 | Nafea Faa Ipoipo (When Will You Marry?) |  |
Paul Gauguin | 1892 | January 2015 | 1 | Rudolf Staechelin family | Unknown, possibly the State of Qatar | Private sale |
| $274 | $259 + | The Card Players |  |
Paul Cézanne | 1892/93 | April 2011 | 1 | George Embiricos | State of Qatar | Private sale |
| $165.4 | $140 | No. 5, 1948 | Jackson Pollock | 1948 | November 2, 2006 | 1 | David Geffen | David Martinez | Private sale via Sotheby’s | |
| $162.4 | $137.5 | Woman III | Willem de Kooning | 1953 | November 18, 2006 | 2 | David Geffen | Steven A. Cohen | Private sale via Larry Gagosian | |
| $158.5 | $155 | Le Rêve | Pablo Picasso | 1932 | March 26, 2013 | 4 | Steve Wynn | Steven A. Cohen | Private sale | |
| $158.4 | $135 | Portrait of Adele Bloch-Bauer I |  |
Gustav Klimt | 1907 | June 18, 2006 | 1 | Maria Altmann | Ronald Lauder, Neue Galerie | Private sale via Christie’s |
| $152.0 | $82.5 | Portrait of Dr. Gachet |  |
Vincent van Gogh | 1890 | May 15, 1990 | 1 | Siegfried Kramarskyfamily | Ryoei Saito | Christie’s, New York |
| $145.0 | $142.4 | Three Studies of Lucian Freud | Francis Bacon | 1969 | November 12, 2013 | 7 | Elaine Wynn, ex-wife of Steve Wynn | Christie’s, New York | ||
| $143.9 | $78.1 | Bal du moulin de la Galette |  |
Pierre-Auguste Renoir | 1876 | May 17, 1990 | 2 | Betsey Whitney | Ryoei Saito | Sotheby’s, New York |
| $131.1 | $104.2 | Garçon à la pipe |  |
Pablo Picasso | 1905 | May 4, 2004 | 3 | Greentree foundation (Whitney family) | Sotheby’s, New York | |
| $124.2 | $119.9 | The Scream |  |
Edvard Munch | 1895 | May 2, 2012 | 8 | Petter Olsen | Leon Black | Sotheby’s, New York |
| $120.3 | $110.0 | Flag | Jasper Johns | 1954 | March 2010 | 7 | Jean-Christophe Castelli | Steven A. Cohen | Private sale, estimated price | |
| $116.2 | $106.5 | Nude, Green Leaves and Bust | Pablo Picasso | 1932 | May 4, 2010 | 8 | Frances Lasker Brody estate | Christie’s, New York | ||
| $113 ++ | $58 plus exchange of works | Portrait of Joseph Roulin |  |
Vincent van Gogh | 1889 | August 1, 1989 | 1 | Private collection, Zürich | Museum of Modern Art New York | Private sale via Thomas Ammann, Fine Art Zurich |
| $111.9 | $95.2 | Dora Maar au Chat | Pablo Picasso | 1941 | May 3, 2006 | 5 | Gidwitz family | Boris Ivanishvili | Sotheby’s, New York | |
| $111.2 | $53.9 | Irises |  |
Vincent van Gogh | 1889 | November 11, 1987 | 1 | son of Joan Whitney Payson | Alan Bond | Sotheby’s, New York |
| $109.9 | $100.0 | Eight Elvises | Andy Warhol | 1963 | October 2008 | 10 | Annibale Berlingieri | Private sale via Philippe Ségalot | ||
| $107.7 | $105.7 (¥10,300) |
Anna’s Light | Barnett Newman | 1968 | October 4, 2013 | 16 | DIC Corp. | Private sale | ||
| $107.7 | $105.4 | Silver Car Crash (Double Disaster) | Andy Warhol | 1963 | November 13, 2013 | 18 | Sotheby’s, New York | |||
| $103.9 | $87.9 | Adele Bloch-Bauer II |  |
Gustav Klimt | 1912 | November 2, 2006 | 9 | Maria Altmann | Christie’s, New York | |
| $103.8 | $71.5 | Portrait de l’artiste sans barbe |  |
Vincent van Gogh | 1889 | November 19, 1998 | 5 | Heirs of Jacques Koerfer (de) | Christie’s, New York | |
| $102 | $100 | La Montagne Sainte-Victoire vue du bosquet du Château Noir |  |
Paul Cézanne | 1904 | 2013 | Edsel and Eleanor Ford House | Anonymous | Private sale | |
| $101.4 | $76.7 (£49.5) |
Massacre of the Innocents |  |
Peter Paul Rubens | 1611 | July 10, 2002 | 6 | an Austrian family | Kenneth Thomson | Sotheby’s, London |
| $94.8 | $86.3 | Triptych, 1976 | Francis Bacon | 1976 | May 14, 2008 | 13 | Moueix Family,Château Pétrus | Roman Abramovich | Sotheby’s, New York | |
| $94.4 | $80.0 | False Start | Jasper Johns | 1959 | October 12, 2006 | 10 | David Geffen | Kenneth C. Griffin | Private sale via Richard Gray | |
| $94.1 | $57 | A Wheatfield with Cypresses |  |
Vincent van Gogh | 1889 | May 1993 | 5 | son of Emil Georg Bührle | Walter H. Annenberg | Private sale via Steven Mazoh |
| $93.2 | $49.3 (F300) |
Les Noces de Pierrette | Pablo Picasso | 1905 | November 30, 1989 | 3 | Fredrik Roos (sv) | Tomonori Tsurumaki | Binoche et Godeau Paris | |
| $92.0 | $47.8 | Yo, Picasso | Pablo Picasso | 1901 | May 9, 1989 | 2 | Wendell Cherry (de) | Stavros Niarchos | Sotheby’s, New York | |
| $91.6 | $80.0 | Turquoise Marilyn | Andy Warhol | 1964 | May 20, 2007 | 17 | Stefan Edlis | Steven A. Cohen | Private sale via Larry Gagosian | |
| $90.3 | $70.0 | Portrait of Alfonso d’Avalos, Marquis of Vasto, in Armor with a Page |  |
Titian | 1533 | November 2003 | 10 | AXA insurance company | Getty Museum | Private sale via Hervé Aaron |
| $90.0 | $86.9 | Orange, Red, Yellow | Mark Rothko | 1961 | May 8, 2012 | 25 | Estate of David Pincus | Christie’s, New York | ||
| $87.6 | $80.5 (£40.9) |
Le Bassin aux Nymphéas |  |
Claude Monet | 1919 | June 24, 2008 | 20 | J. Irwin and Xenia S. Miller | Christie’s, London | |
| $86.6 | $60.5 | Rideau, Cruchon et Compotier |  |
Paul Cézanne | 1894 | May 10, 1999 | 9 | Whitney Family | Sotheby’s, New York | |
| $84.2 | $39.7 (£24.75) |
Vase with Fifteen Sunflowers |  |
Vincent van Gogh | 1888 | March 30, 1987 | 1 | daughter-in-law ofChester Beatty | Yasuo Goto, Yasuda Comp. | Christie’s, London |
| $84.2 | $84.2 | Black Fire I | Barnett Newman | 1961 | May 13, 2014 | 33 | Private Collection | Anonymous | Christie’s, New York | |
| $83.4 | $72.8 | White Center (Yellow, Pink and Lavender on Rose) | Mark Rothko | 1950 | May 15, 2007 | 20 | David Rockefeller, Sr. | Sheikh Hamad bin Khalifa Al-Thani | Sotheby’s, New York | |
| $82.1 | $71.7 | Green Car Crash (Green Burning Car I) | Andy Warhol | 1963 | May 16, 2007 | 21 | Private collection, Zürich | Philip Niarchos | Christie’s, New York | |
| $81.9 | $81.9 | Triple Elvis [Ferus Type] | Andy Warhol | 1963 | November 12, 2014 | 36 | WestSpiel Casino Company | Christie’s, New York | ||
| $80.9 | $80.8 | Three Studies for a Portrait of John Edwards | Francis Bacon | 1984 | May 13, 2014 | 36 | Private Collection | Anonymous | Christie’s, New York | |
| $79.2 | $70.6 (£50) |
Diana and Actaeon |  |
Titian | 1556–1559 | February 1, 2009 | 26 | Duke of Sutherland | National Galleries of Scotland& National Gallery, London | Private sale |
| $79.2 | $75–$80 | Salvator Mundi |  |
Attributed toLeonardo Da Vinci | 1490-1519 | May 2013 | 33 | Robert Simon | Anonymous | Private sale |
| $79.0 | $75 (€50-60)[note 16] |
Darmstadt Madonna |  |
Hans Holbein | 1526 | July 12, 2011 | 30 | Donatus, Hereditary Prince of Hesse | Reinhold Würth | Private sale via Christoph Graf Douglas |
| $78.3 | $68 | The Gross Clinic |  |
Thomas Eakins | 1875 | April 12, 2007 | 20 | Thomas Jefferson University | Philadelphia Museum of Art | Private sale. |
| $77.3 | $75.1 | No 1 (Royal Red and Blue) | Mark Rothko | 1954 | November 13, 2012 | 34 | John and Anne Marion | Sotheby’s, New York | ||
| $76.9 | $40.7 | Au Lapin Agile | Pablo Picasso | 1904 | November 27, 1989 | 5 | daughter of Joan Whitney Payson | Walter H. Annenberg | Sotheby’s, New York | |
| $76.3 | $38.5 (£20.9) |
Acrobate et jeune arlequin | Pablo Picasso | 1905 | November 28, 1988 | 3 | heir of Roger Janssen? | Mitsukoshi | Christie’s, London | |
| $75.2 | $55.0 | Femme aux Bras Croisés |  |
Pablo Picasso | 1902 | November 8, 2000 | 13 | McCormick family, Chicago | Christie’s, New York | |
| $75.0 | $69.0 | Nude Sitting on a Divan (“La Belle Romaine”) |  |
Amedeo Modigliani | 1917 | November 2, 2010 | 33 | Halit Cıngıllıoglu | Sotheby’s, New York | |
| $74.9 | $63.5 | Police Gazette | Willem de Kooning | 1955 | October 12, 2006 | 19 | David Geffen | Steven A. Cohen | Private sale via Richard Gray | |
| $74.4 | $71.7 (£45) |
Diana and Callisto |  |
Titian | 1556–1559 | March 2, 2012 | 37 | Duke of Sutherland | National Galleries of Scotland& National Gallery, London | Private sale |
| $70.4 | $47.5 | Peasant Woman Against a Background of Wheat |  |
Vincent van Gogh | 1890 | 1997 | 11 | Steve Wynn | Private sale via Acquavella Galleries Inc., New York | |
| $70.0 | $49.5 | Femme assise dans un jardin | Pablo Picasso | 1938 | November 10, 1999 | 15 | Robert Saidenberg | Sotheby’s, New York | ||
| $69.6 | $69.6 | Untitled | Cy Twombly | 1970 | November 12, 2014 | 51 | Nicola del Roscio | Christie’s, New York | ||
| $69.6 | $69.6 | Four Marlons | Andy Warhol | 1966 | November 12, 2014 | 51 | WestSpiel Casino Company | Christie’s, New York | ||
| $69.0 | $65.5 (¥425.5) |
Eagle Standing on Pine Tree | Qi Baishi | 1946 | May 22, 2011 | 38 | Liu Yiqian | Hunan TV & Broadcast Intermediary Co | China Guardian Auctions | |
| $68.9 | $63.4 | Men in Her Life | Andy Warhol | 1962 | November 8, 2010 | 37 | Jose Mugrabi | Phillips de Pury & Company | ||
| $67.7 | $35.2 | Portrait of a Halberdier |  |
Pontormo | 1537 | May 31, 1989 | 5 | Chauncey Devereaux Stillman | Getty Museum | Christie’s, New York |
| $67.2 | $60.0 | Suprematist Composition |  |
Kazimir Malevich | 1916 | November 3, 2008 | 34 | Heirs of Kazimir Malevich | Sotheby’s, New York | |
| $66.3 | $66.2 | Untitled | Mark Rothko | 1952 | May 13, 2014 | 54 | Private Collection | Anonymous | Christie’s, New York | |
| $65.5 | $62.1 (¥402.5) |
Zhichuan Resettlement |  |
Wang Meng | 1350 | June 4, 2011 | 42 | Beijing Poly Auction | ||
| $65.1 | $65.1 | Spring (Le Printemps) |  |
Édouard Manet | 1881 | November 5, 2014 | 56 | Getty Museum | Christie’s, New York |
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