Qatar Museums Authority pays $300m for ‘‘Nafea’’ by Gauguin

Nafea Faa Ipoipo

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Nafea Faa Ipoipo (When Will You Marry?), a 1892 oil on canvas by French artist Paul Gauguin. Source: Artothek/AP Photo

Above Paul Gauguin painting of two Tahitian girls sold for about $300 million,the work was purchased by the Qatar Museums Authority, according to the NY Times.

The 1892 painting, “Nafea Faa Ipoipo (When Will You Marry?)” was sold by the Rudolf Staechelin Family Trust, a Swiss private collection Staechelin, a retired Sotheby’s executive who lives in Basel, Switzerland, declined to comment on the buyer or the price.
Art sales have more than doubled from $6.3 billion in 2009, as surging financial markets lifted the fortunes of the world’s richest. Auctions globally totaled $16.1 billion in 2014.

The sale of the Gauguin at such a high price may entice other collectors to rethink the future of their trophy works.

On Exhibit
Staechelin’s family trust owns a collection of Impressionist and Post-Impressionist works by Pierre-Auguste Renoir, Camille Pissarro, Claude Monet, Vincent Van Gogh and Pablo Picasso, according to a June statement from the Phillips Collection in Washington announcing an exhibition in which a portion of the works will be on view starting Oct. 10. The Gauguin painting will be included in the show, Phillips said.The painting will be shown at the Fondation Beyeler in Basel starting Feb. 8 as part of an Gauguin exhibition and then at the Museo Nacional Centro de Arte Reina Sofia in Madrid from March 18 to Sept. 13 before going to Washington.The collection was started by Rudolf Staechelin, a businessman who assembled the works during World War I and in the early postwar years, according to the Phillips statement.He was an adviser to the Kunstmuseum Basel museum and after his death, his son Peter loaned the collection to the museum in the late 1940s and early 1950s, according to the Phillips statement.
Ending Loan
The family trust is ending its loan to the Basel Kunstmuseum.
Staechelin, who is the grandson of the businessman, said in his e-mail that the family trust sold the Gauguin for “different reasons, good market, better asset allocaiton (over 90% of our family assets are paintings), different opinions with local authorities.”
The sale will be completed in January 2016 after the exhibition in Washington, Staechelin said.

Sheikha Mayassa Al Thani, the daughter of the emir of Qatar is head of  the Qatar Museums Authority.

The organization is estimated to have purchased or commissioned over $1 billion in art in 2014 alone, which is 2% of the total money spent on art in 2014.

 

List of highest prices paid at auctions or private sales (inflation adjusted)

Where necessary, the price is first converted to dollars using the exchange rate at the time the painting was sold. The inflation adjustment may change as recent inflation rates are often revised. A list in another currency may be in a slightly different order due to exchange rate fluctuations. Paintings are only listed once, i.e. for the highest price sold.

 

Adjusted price (in millions) Original price (in millions) Painting Image Artist Year Date of sale Rank at sale Seller Buyer Auction house
~$300 ~$300 Nafea Faa Ipoipo (When Will You Marry?) Paul Gauguin 138.jpg Paul Gauguin 1892 January 2015 1 Rudolf Staechelin family Unknown, possibly the State of Qatar Private sale
$274 $259 + The Card Players Card Players-Paul Cezanne.jpg Paul Cézanne 1892/93 April 2011 1 George Embiricos State of Qatar Private sale
$165.4 $140 No. 5, 1948   Jackson Pollock 1948 November 2, 2006 1 David Geffen David Martinez Private sale via Sotheby’s
$162.4 $137.5 Woman III   Willem de Kooning 1953 November 18, 2006 2 David Geffen Steven A. Cohen Private sale via Larry Gagosian
$158.5 $155 Le Rêve   Pablo Picasso 1932 March 26, 2013 4 Steve Wynn Steven A. Cohen Private sale
$158.4 $135 Portrait of Adele Bloch-Bauer I Gustav Klimt 046.jpg Gustav Klimt 1907 June 18, 2006 1 Maria Altmann Ronald Lauder, Neue Galerie Private sale via Christie’s
$152.0 $82.5 Portrait of Dr. Gachet Portrait of Dr. Gachet.jpg Vincent van Gogh 1890 May 15, 1990 1 Siegfried Kramarskyfamily Ryoei Saito Christie’s, New York
$145.0 $142.4 Three Studies of Lucian Freud   Francis Bacon 1969 November 12, 2013 7   Elaine Wynn, ex-wife of Steve Wynn Christie’s, New York
$143.9 $78.1 Bal du moulin de la Galette Pierre-Auguste Renoir, Le Moulin de la Galette.jpg Pierre-Auguste Renoir 1876 May 17, 1990 2 Betsey Whitney Ryoei Saito Sotheby’s, New York
$131.1 $104.2 Garçon à la pipe Garçon à la pipe.jpg Pablo Picasso 1905 May 4, 2004 3 Greentree foundation (Whitney family)   Sotheby’s, New York
$124.2 $119.9 The Scream The Scream Pastel.jpg Edvard Munch 1895 May 2, 2012 8 Petter Olsen Leon Black Sotheby’s, New York
$120.3 $110.0 Flag   Jasper Johns 1954 March 2010 7 Jean-Christophe Castelli Steven A. Cohen Private sale, estimated price
$116.2 $106.5 Nude, Green Leaves and Bust   Pablo Picasso 1932 May 4, 2010 8 Frances Lasker Brody estate   Christie’s, New York
$113 ++ $58 plus exchange of works Portrait of Joseph Roulin Vincent van Gogh - Portrait of Joseph Roulin.jpg Vincent van Gogh 1889 August 1, 1989 1 Private collection, Zürich Museum of Modern Art New York Private sale via Thomas Ammann, Fine Art Zurich
$111.9 $95.2 Dora Maar au Chat   Pablo Picasso 1941 May 3, 2006 5 Gidwitz family Boris Ivanishvili Sotheby’s, New York
$111.2 $53.9 Irises Irises-Vincent van Gogh.jpg Vincent van Gogh 1889 November 11, 1987 1 son of Joan Whitney Payson Alan Bond Sotheby’s, New York
$109.9 $100.0 Eight Elvises   Andy Warhol 1963 October 2008 10 Annibale Berlingieri   Private sale via Philippe Ségalot
$107.7 $105.7
(¥10,300)
Anna’s Light   Barnett Newman 1968 October 4, 2013 16 DIC Corp.   Private sale
$107.7 $105.4 Silver Car Crash (Double Disaster)   Andy Warhol 1963 November 13, 2013 18     Sotheby’s, New York
$103.9 $87.9 Adele Bloch-Bauer II Gustav Klimt 047.jpg Gustav Klimt 1912 November 2, 2006 9 Maria Altmann   Christie’s, New York
$103.8 $71.5 Portrait de l’artiste sans barbe Vincent Willem van Gogh 102.jpg Vincent van Gogh 1889 November 19, 1998 5 Heirs of Jacques Koerfer (de)   Christie’s, New York
$102 $100 La Montagne Sainte-Victoire vue du bosquet du Château Noir Sainte-Victoire.jpg Paul Cézanne 1904 2013 Edsel and Eleanor Ford House Anonymous Private sale
$101.4 $76.7
(£49.5)
Massacre of the Innocents 0 Le Massacre des Innocents d'après P.P. Rubens - Musées royaux des beaux-arts de Belgique (2).JPG Peter Paul Rubens 1611 July 10, 2002 6 an Austrian family Kenneth Thomson Sotheby’s, London
$94.8 $86.3 Triptych, 1976   Francis Bacon 1976 May 14, 2008 13 Moueix Family,Château Pétrus Roman Abramovich Sotheby’s, New York
$94.4 $80.0 False Start   Jasper Johns 1959 October 12, 2006 10 David Geffen Kenneth C. Griffin Private sale via Richard Gray
$94.1 $57 A Wheatfield with Cypresses Vincent Willem van Gogh 049.jpg Vincent van Gogh 1889 May 1993 5 son of Emil Georg Bührle Walter H. Annenberg Private sale via Steven Mazoh
$93.2 $49.3
(F300)
Les Noces de Pierrette   Pablo Picasso 1905 November 30, 1989 3 Fredrik Roos (sv) Tomonori Tsurumaki Binoche et Godeau Paris
$92.0 $47.8 Yo, Picasso   Pablo Picasso 1901 May 9, 1989 2 Wendell Cherry (de) Stavros Niarchos Sotheby’s, New York
$91.6 $80.0 Turquoise Marilyn   Andy Warhol 1964 May 20, 2007 17 Stefan Edlis Steven A. Cohen Private sale via Larry Gagosian
$90.3 $70.0 Portrait of Alfonso d’Avalos, Marquis of Vasto, in Armor with a Page Titian - Marchese del Vasto.jpg Titian 1533 November 2003 10 AXA insurance company Getty Museum Private sale via Hervé Aaron
$90.0 $86.9 Orange, Red, Yellow   Mark Rothko 1961 May 8, 2012 25 Estate of David Pincus   Christie’s, New York
$87.6 $80.5
(£40.9)
Le Bassin aux Nymphéas Le bassin aux nymphéas - Claude Monet.jpg Claude Monet 1919 June 24, 2008 20 J. Irwin and Xenia S. Miller   Christie’s, London
$86.6 $60.5 Rideau, Cruchon et Compotier Paulcezanneart.jpg Paul Cézanne 1894 May 10, 1999 9 Whitney Family   Sotheby’s, New York
$84.2 $39.7
(£24.75)
Vase with Fifteen Sunflowers Vincent Willem van Gogh 127.jpg Vincent van Gogh 1888 March 30, 1987 1 daughter-in-law ofChester Beatty Yasuo Goto, Yasuda Comp. Christie’s, London
$84.2 $84.2 Black Fire I   Barnett Newman 1961 May 13, 2014 33 Private Collection Anonymous Christie’s, New York
$83.4 $72.8 White Center (Yellow, Pink and Lavender on Rose)   Mark Rothko 1950 May 15, 2007 20 David Rockefeller, Sr. Sheikh Hamad bin Khalifa Al-Thani Sotheby’s, New York
$82.1 $71.7 Green Car Crash (Green Burning Car I)   Andy Warhol 1963 May 16, 2007 21 Private collection, Zürich Philip Niarchos Christie’s, New York
$81.9 $81.9 Triple Elvis [Ferus Type]   Andy Warhol 1963 November 12, 2014 36 WestSpiel Casino Company   Christie’s, New York
$80.9 $80.8 Three Studies for a Portrait of John Edwards   Francis Bacon 1984 May 13, 2014 36 Private Collection Anonymous Christie’s, New York
$79.2 $70.6
(£50)
Diana and Actaeon Titian - Diana and Actaeon - 1556-1559.jpg Titian 1556–1559 February 1, 2009 26 Duke of Sutherland National Galleries of Scotland& National Gallery, London Private sale
$79.2 $75–$80 Salvator Mundi Leonardo da Vinci or Boltraffio (attrib) Salvator Mundi circa 1500.jpg Attributed toLeonardo Da Vinci 1490-1519 May 2013 33 Robert Simon Anonymous Private sale
$79.0 $75
(€50-60)[note 16]
Darmstadt Madonna Darmstadtmadonna.jpg Hans Holbein 1526 July 12, 2011 30 Donatus, Hereditary Prince of Hesse Reinhold Würth Private sale via Christoph Graf Douglas
$78.3 $68 The Gross Clinic Thomas Eakins, American - Portrait of Dr. Samuel D. Gross (The Gross Clinic) - Google Art Project.jpg Thomas Eakins 1875 April 12, 2007 20 Thomas Jefferson University Philadelphia Museum of Art Private sale.
$77.3 $75.1 No 1 (Royal Red and Blue)   Mark Rothko 1954 November 13, 2012 34 John and Anne Marion   Sotheby’s, New York
$76.9 $40.7 Au Lapin Agile   Pablo Picasso 1904 November 27, 1989 5 daughter of Joan Whitney Payson Walter H. Annenberg Sotheby’s, New York
$76.3 $38.5
(£20.9)
Acrobate et jeune arlequin   Pablo Picasso 1905 November 28, 1988 3 heir of Roger Janssen? Mitsukoshi Christie’s, London
$75.2 $55.0 Femme aux Bras Croisés Pablo Picasso, 1901-02, Femme aux Bras Croisés, Woman with Folded Arms (Madchenbildnis), oil on canvas, 81 × 58 cm (32 × 23 in).jpg Pablo Picasso 1902 November 8, 2000 13 McCormick family, Chicago   Christie’s, New York
$75.0 $69.0 Nude Sitting on a Divan (“La Belle Romaine”) Amedeo Modigliani 063.jpg Amedeo Modigliani 1917 November 2, 2010 33 Halit Cıngıllıoglu   Sotheby’s, New York
$74.9 $63.5 Police Gazette   Willem de Kooning 1955 October 12, 2006 19 David Geffen Steven A. Cohen Private sale via Richard Gray
$74.4 $71.7
(£45)
Diana and Callisto TitianDianaCallistoEdinburgh.jpg Titian 1556–1559 March 2, 2012 37 Duke of Sutherland National Galleries of Scotland& National Gallery, London Private sale
$70.4 $47.5 Peasant Woman Against a Background of Wheat Vincent Willem van Gogh 097.jpg Vincent van Gogh 1890 1997 11   Steve Wynn Private sale via Acquavella Galleries Inc., New York
$70.0 $49.5 Femme assise dans un jardin   Pablo Picasso 1938 November 10, 1999 15 Robert Saidenberg   Sotheby’s, New York
$69.6 $69.6 Untitled   Cy Twombly 1970 November 12, 2014 51 Nicola del Roscio   Christie’s, New York
$69.6 $69.6 Four Marlons   Andy Warhol 1966 November 12, 2014 51 WestSpiel Casino Company   Christie’s, New York
$69.0 $65.5
(¥425.5)
Eagle Standing on Pine Tree   Qi Baishi 1946 May 22, 2011 38 Liu Yiqian Hunan TV & Broadcast Intermediary Co China Guardian Auctions
$68.9 $63.4 Men in Her Life   Andy Warhol 1962 November 8, 2010 37 Jose Mugrabi   Phillips de Pury & Company
$67.7 $35.2 Portrait of a Halberdier Pontormo (Jacopo Carucci) (Italian, Florentine) - Portrait of a Halberdier (Francesco Guardi?) - Google Art Project.jpg Pontormo 1537 May 31, 1989 5 Chauncey Devereaux Stillman Getty Museum Christie’s, New York
$67.2 $60.0 Suprematist Composition Suprematist Composition - Kazimir Malevich.jpg Kazimir Malevich 1916 November 3, 2008 34 Heirs of Kazimir Malevich   Sotheby’s, New York
$66.3 $66.2 Untitled   Mark Rothko 1952 May 13, 2014 54 Private Collection Anonymous Christie’s, New York
$65.5 $62.1
(¥402.5)
Zhichuan Resettlement ZhichuanResettlement.jpg Wang Meng 1350 June 4, 2011 42     Beijing Poly Auction
$65.1 $65.1 Spring (Le Printemps) Edouard Manet 023.jpg Édouard Manet 1881 November 5, 2014 56   Getty Museum Christie’s, New York

stefan Katafai

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Stefan Katafai
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