Monday, November 24, 2014

Georgia O'Keefe; A 44.4 Million Bargain


A Georgia O'Keeffe painting has sold for $44.4 million, more than triple the previous auction record for a work by a female artist.

Sotheby's New York sold the 1932 painting, "Jimson Weed/White Flower No. 1," during the auction house's sale of American art. Sold by the Georgia O'Keeffe Museum in Santa Fe, New Mexico, to benefit its acquisitions fund to undisclosed buyer. Previous Auction record by a female artist was $11.9 million for Joan Mitchell's.

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