(New York, NY) – Kerry James Marshall’s artwork is worth a lot of money. A painting by the black Chicago artist titled “Past Times” was sold by the Metropolitan Pier and Exposition Authority for just over 21-million-dollars in an auction Wednesday night at Sotheby’s New York.
The sale price was the most ever paid for the work of a living African-American artist. “Past Times” had been on display at McCormick Place for years.
Marshall’s New York dealer, Jack Shainman, told the New York Times that P. Diddy, whose real name is Sean Combs, is the work’s buyer.
(CNN Money) – Christie’s said the painting “caused a scandal” when Modigliani exhibited it nearly 100 years ago at his “first and only” one-man show in Paris.
“Outraged by the content of the show — which had caused a crowd to form outside the gallery window where one of Modigliani’s nudes was openly on display — the police demanded the immediate closure of the exhibition,” said Christie’s.
Modigliani was an Italian libertine who died poor, at age 35, but not before he painted a lot of nudes.
Christie’s broke a record when it sold a Picasso for $179 million in May. The auction house had expected to get $140 million for the painting, “Les femmes d’Alger.”
The prior record was $142 million for Francis Bacon’s “Three Studies of Lucian Freud,” which was sold in 2013. The current record for a Modigliani is a sculpture that sold for $70.7 million last year.
Christie’s is now hoping to have another putting the Modigliani on the auction block November 9 in New York. The painting,“Reclining Nude,” dates from 1917 and 1918, the final years of World War I.
And it just might get it, considering the nine-digit prices that Modern Art masterpieces have been getting.