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Encyclopedia > No. 5, 1948
This article documents a current event.
Information may change rapidly as the event progresses.
No. 5, 1948
Jackson Pollock, 1948
Abstract
8 x 4 feet
Private collection

No. 5, 1948 is an abstract painting by Jackson Pollock (January 28, 1912 – August 11, 1956), an American painter known for his contributions to the abstract expressionist movement. The painting was done on a 8 x 4 feet sheet of fiberboard, with thick amounts of brown and yellow paint drizzled on top of it, forming a nest-like appearance. [1] It was originally owned by Samuel Irving Newhouse and displayed at the Museum of Modern Art before being sold to David Geffen and then allegedly to David Martinez in 2006. [2] Image File history File links Current_event_marker. ... Image File history File linksMetadata No. ... Paul Jackson Pollock (January 28, 1912 – August 11, 1956) was an influential American painter and a major force in the abstract expressionist movement. ... A private collection is a privately owned collection of works, usually a collection of art. ... Black square by Kazimir Malevich Abstract art is now generally understood to mean art that does not depict objects in the natural world, but instead uses color and form in a non-representational or subjective way. ... The Mona Lisa is one of the most recognizable artistic paintings in the Western world. ... Paul Jackson Pollock (January 28, 1912 – August 11, 1956) was an influential American painter and a major force in the abstract expressionist movement. ... January 28 is the 28th day of the year in the Gregorian calendar. ... 1912 (MCMXII) was a leap year starting on Monday in the Gregorian calendar (or a leap year starting on Tuesday in the 13-day-slower Julian calendar). ... August 11 is the 223rd day of the year (224th in leap years) in the Gregorian Calendar. ... 1956 (MCMLVI) was a leap year starting on Sunday of the Gregorian calendar. ... American post-World War II art movement. ... Fiberboard is a type of engineered wood product that is made out of wood fibers. ... Samuel Irving Newhouse (1895 - 1979) was a U.S. broadcasting businessman, magazine and newspaper publisher. ... View across garden, in new MoMA building by Yoshio Taniguchi. ... David Lawrence Geffen (born February 21, 1943) is a record executive, film and theatrical producer, and philanthropist. ... David Martinez (born December 8th, 1981 in Tamaulipas, Mexico) is a Champ Car Atlantic Series racecar driver. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

Contents

Alleged sale

According to a report in the New York Times, on November 2, 2006, the painting was sold by David Geffen, founder of Geffen Records and co-founder of Dreamworks SKG, to David Martinez, managing partner of Fintech Advisory Ltd, in a private sale for a record inflation adjusted price of $140 million dollars. [3] The sale was reportedly brokered by Sotheby’s auctioneer Tobias Meyer. [4] It is speculated that Geffen sold the painting, along with two others, to raise enough funds to bid for the Los Angeles Times. [2] Martinez, on the other hand, has reportedly been amassing an art collection; buying multiple modern artworks in recent years as well as a two-floor, $54.7 million dollar apartment in the south building of the Time Warner Center.[2] The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ... November 2 is the 306th day of the year (307th in leap years) in the Gregorian Calendar, with 59 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... David Lawrence Geffen (born February 21, 1943) is a record executive, film and theatrical producer, and philanthropist. ... Geffen Records is an American record label, owned by Universal Music Group. ... The DreamWorks Boy on the Moon Logo DreamWorks SKG (Spielberg, Katzenberg, Geffen) is a Big Ten studio in the United States of America which develops, produces, and distributes films, music, and television programming. ... David Martinez (born December 8th, 1981 in Tamaulipas, Mexico) is a Champ Car Atlantic Series racecar driver. ... PR shot of Sothebys New York, from auditions for The Apprentice 2 Sothebys is a noted auction house. ... The Los Angeles Times (also known as the LA Times) is a daily newspaper published in Los Angeles, California and distributed throughout the Western United States. ... Time Warner Center is a mixed-use skyscraper at Columbus Circle in Midtown Manhattan, New York City. ...


This sale would make the painting the most expensive ever sold, privately or at auction, intentionally exceeding the sale of Gustav Klimt's 1907 Portrait of Adele Bloch-Bauer I to Ronald Lauder, heir to the Estée Lauder Companies fortune, by around five million dollars. [4] David Cook, deputy director of painting at Sotheby's Australia, stated that the price of Pollock's paintings will continually rise in value, as very few of Pollock's paintings are still left. Cook has also stated that another of Pollock's paintings, Blue Poles, is worth at least $A180 million and possibly even more than No. 5, 1948.[5] Gustav Klimt, 1902 Gustav Klimt (July 14, 1862 – February 6, 1918) was an Austrian Symbolist painter and one of the most prominent members of the Vienna Art Nouveau (Vienna Secession) movement. ... Adele Bloch-Bauer II, Gustav Klimt (1912) Portrait of Adele Bloch-Bauer I by Gustav Klimt is a painting that sold for US$135 million to Ronald Lauder for the Neue Galerie in New York City. ... Ronald Steven Lauder (born February 26, 1944 in New York) is an American businessman, civic leader, philanthropist, and art collector. ... For other uses, see inheritance (disambiguation). ... Estée Lauders Pleasures: Intense perfume. ... PR shot of Sothebys New York, from auditions for The Apprentice 2 Sothebys is a noted auction house. ... Blue Poles hanging in the National Gallery of Australia Blue Poles, more correctly known as Blue Poles: Number 11, 1952. ...


Refutations

The sale to Martinez is not confirmed and being refuted. Thus, the auction expert Josh Baer indicated that Martinez was not the buyer of the painting.[6] In addition, Shearman & Sterling LLP issued a press release on behalf of its client, David Martinez, to announce that contrary to recent articles in the press, Mr Martinez does not own the painting or any rights to acquire it.[7] Shearman & Sterling LLP is a renowned U.S. law firm headquartered in New York City with offices throughout the world. ...


See also

This is a list of the highest prices paid for paintings. ...

Notes and references

  1. ^ Financier splashes out $140m for Pollock work. Post-Tribune. Retrieved on 2006-11-08.
  2. ^ a b c Art Market Watch. Artnet. Retrieved on 2006-11-08.
  3. ^ A Pollock Is Sold, Possibly for a Record Price. The New York Times. Retrieved on 2006-11-08.
  4. ^ a b Pollock work 'earns record price'. BBC. Retrieved on 2006-11-08.
  5. ^ Our Poles world's top-priced painting?. canberra.yourguide. Retrieved on 2006-11-08.
  6. ^ "Art Market Watch, Novemver 3, 2006".
  7. ^ "The Week in Mexico".

The Post-Tribune of Northwest Indiana is a daily newspaper headquartered in Merrillville, Indiana. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... November 8 is the 312th day of the year (313th in leap years) in the Gregorian Calendar, with 53 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... November 8 is the 312th day of the year (313th in leap years) in the Gregorian Calendar, with 53 days remaining. ... The New York Times is a newspaper published in New York City by Arthur Ochs Sulzberger Jr. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... November 8 is the 312th day of the year (313th in leap years) in the Gregorian Calendar, with 53 days remaining. ... The British Broadcasting Corporation, invariably known as the BBC (and also informally known as the Beeb or Auntie) is the largest broadcasting corporation in the world, employing 26,000 staff in the UK alone and with a budget of £4 billion. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... November 8 is the 312th day of the year (313th in leap years) in the Gregorian Calendar, with 53 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... November 8 is the 312th day of the year (313th in leap years) in the Gregorian Calendar, with 53 days remaining. ...

External links

  • BBC
  • New York Times

 

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