We all know buying and selling paintings is no less than any other passion. Hundreds or thousands — even millions — of dollars are spent every year by art patrons who are eager to become the owners of the world's most expensive and sought-after paintings. There are many famous artists who still command the highest prices but what makes these paintings so special.The picture is a 4' x 8' composition, comprising oil, enamel and aluminum paint on fiberboard, is a nest-like tangle of browns, yellows and greys. Unconfirmed rumors that continue to buzz the art world now place this painting at the top of the list(temporarily). If the reports are correct, entertainment mogul David Geffen sold it to Mexican financier David Martinez in November 2006, who paid $140 million for this signature work by Jackson Pollock (No. 5, 1948 ), making it the world's most expensive painting. With the fluctuating market and rising prices that fine art fetches these days, one has to be quick to stay on top of this game. Action-painter Jackson Pollock’s “No.5 1948” took the cake as most expensive painting sold till date. It was arguably his greatest masterwork, the most vivid expression of the painter’s unique style. The details of this painting No. 5, 1948 are as:
Artist: Jackson Pollock (1912-56).
Year: 1948
Year of Sale: 2006
Sale Price: $140 million
Seller: David Geffen
Buyer: David Martinez
Auction house: Private sale
Posted By: Jaspreet
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