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Seth Rotherham
  • This Is What A Half A Billion Rand Painting Looks Like [PIC]

    06 Dec 2013 by Jasmine Stone in Art, Business, Culture, Money, World
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    It may not be Francis Bacon’s R1,4 billion best-seller, but you have to admit that half a billion rand is still a helluva lot, and it’s worth seeing what kind of art deserves that degree of monetary exchange.

    Norman Rockwell’s painting ‘Saying Grace’ first appeared on a Thanksgiving issue of The Saturday Evening Post. On Wednesday, it was sold for $46 million at yet another high-flying Sotheby’s auction. Rockwell’s sale is a record for any single American painting.

    “We are thrilled – it’s a really great moment for American art and for Rockwell,” Elizabeth Goldberg, head of the American Art Department at Sotheby’s, said.

    ‘Saying Grace’ features a boy praying with an old woman in a crowded restaurant. The painting was originally estimated to go for $20-odd million before the auction. But the selling price nearly tripled Rockwell’s previous auction record, ‘Breaking Home Ties’ which sold for R161 million in 2006.

    It was a great day all-round for Rockwell and his art, having sold seven pieces that came to a total of around R600 million. The pieces all came from the private collection of Kenneth J. Stuart Sr. – a longtime friend of the artist, and art editor at The Saturday Evening Post.

    [Source : CNN]

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