Art Investment

Edward Hopper painting sold for $ 40 million


Edward Hopper
East wind over Vihoukenom . 1934
Oil on canvas. 86,4 × 127,6
Christie's. 12/05/2013 . Lot
Estimate: 22-28 million dollars
Result: 40 million dollars
Source : pafa.org

second consecutive impressive record for a work by American artist set yesterday at auction Christie's: painting realist painter Edward Hopper's "East Wind over Vihoukenom " went sold for $ 40 million Estimé 22-28 million dollars. The day before this picture " Drinking Prayer" another famous American realist , Norman Rockwell brought at auction Sotheby's $ 46 million ( estimate 15-20 million dollars ) . It seems that American collectors decided to appeal to the national classics .

Edward Hopper ( 1882-1967 ) - a cult artist for Americans , writing genre paintings and urban landscapes . His painting "East Wind over Vihoukenom " 1934 dark mood permeated the Great Depression : the deserted street, put up for sale a house , cold March wind blowing in the grass, evoke the feeling of homelessness . Hopper himself considered this work as one of the best .

picture put up for sale Pennsylvania Academy of the Fine Arts, which acquired the work in 1952 at the dealer artist for 2750 dollars. Proceeds for her yesterday 40 million dollars will be used to replenish the museum's collection of modern art. In the collection of the Academy remains one paintings of Hopper , which she does not intend to sell .

Hopper paintings rarely come up for public auction . Over the past 25 years, only 22 of his paintings were exhibited at the auction . A total Hopper wrote a little more than 350 paintings. In May 2013 another work of Edward Hopper , " Blackwell's Island " in 1928 was sold for 19 million dollars. Bought it known collector of American art , the founder of the private museum Crystal Bridges in Arkansas , Wallmart retail heiress Alice Walton . So we can assume that the "East Wind over Vihoukenom " will be in the collection of the Museum of American Art Walton .

Prepared by Mary Onuchina , AI

Sources : cnbc.com , artsbeat.blogs.nytimes.com , philly.com , artinvestment.ru


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