Hedge fund investor Kenneth Griffin paid $500 million for two abstract expressionist paintings by Willem de Kooning and Jackson Pollock from David Geffen, matching a record for high-priced art.
Griffin purchased Willem de Kooning’s Interchange (1955) for around $300 million and Jackson Pollock’s Number 17A (1948) for around $200 million in a deal reportedly completed last Fall. The paintings were both on view last September at the Art Institute of Chicago, where Griffin is a trustee, according a person close to the matter. “Interchange” and “Number 17A” are on display at the Art Institute.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
“Interchange” matches the prior record from last year, which was $300 million paid for an 1892 portrait by Paul Gauguin of two Tahitian girls called “When will you marry?” according to The New York Times.
The paintings were sold by the David Geffen Foundation. The music and movie mogul Geffen, founded Geffen Records and co-founded Asylum Records. He also co-founded DreamWorks with Steven Spielberg.
Geffen is a philanthropist who donated $100 million last year to Lincoln Center, home of the New York Philharmonic, prompting a renaming of Avery Fisher Hall to David Geffen Hall.
READ MORE: David Geffen
David Geffen is going to help Lincoln Center’s Avery Fisher hall get a makeover and a new name. The entertainment mogul is donating $100 million for the renovation of the Avery Fisher Hall, which will require More…
David Geffen has finally gotten a resolution to his stalker problems. Jamie Kuntz has been ordered to stay at least 200 yards away from Geffen for the next 10 years. The judge’s ruling in the case came as part More…
A former North Dakota college football player who was kicked off his team after kissing an older man is facing a charge of stalking billionaire David Geffen, AP said. Jamie Ralph Kuntz, 21, was ordered Wednesday More…
A 20-year-old ex-college football player is facing a felony stalking charge for disobeying a court order to stay away from media executive David Geffen, The Daily Mail said. Jamie Kuntz was arrested in October More…
Some of the biggest names in the U.S. entertainment industry are joining hands to mark the 70th anniversary of the liberation of the Auschwitz concentration camp complex early next year, the USC Shoah Foundation More…
The $100 million donation adds to Geffen’s previous $200 million donation in 2002. It makes him the single-largest individual donor to any single academic campus in USA David Geffen / Getty By Yael Segev More…
