No. 5, 1948 Abstract Painting by Jackson Pollock
Even though art prices soared last year, no painting topped Steve Cohen’s $140 million purchase of a Jackson Pollock in late 2006. Yet we saw two residential purchases of more than $100 million (one in the Hamptons, the other in Colorado).
from The Wealth Report - predictions for the rich in 2008
No. 5, 1948 - Jackson Pollock, 1948
oil, enamel and aluminum paint on fiberboard - 4' x 8' (130 x 260 cm)
This abstract masterpiece is said to be the most expensive painting to date. It was reportedly sold by its previous owner, David Geffen for 140 million US dollars in 2006.