Last Tuesday one of Jasper Johns' "Flag" paintings from 1960-66, which had previously belonged to the late Michael Crichton, sold at a Christie's New York postwar and contemporary art auction for $28.5 million. The painting, which sold for nearly double its high estimate of $15 million, marks a very impressive accomplishment for Johns - his highest selling painting to date.Richard Rossello, a Bryn Mawr, PA-based art dealer of American paintings, purchased the Johns' painting (although it is not known who he bought it on behalf).
Throughout the evening, (Christie's first week of postwar and contemporary art auctions) Americans dominated the buying, as Christie's officials estimate that 75% of the buyers were American. "Flag" was one of 31 works being sold from Crichton's estate. The famed author, who died in November 2008, had met Jasper Johns during the early 1970s and bought the painting directly from the artist in 1974. The fact that the painting had just one owner (and a big named-one at that) - contributed to its high selling price.
Crichton's collection got to know most of the artists whose work he collected - including David Hockney, Roy Lichtenstein and Robert Rauschenberg (image, left). Last week's sale featured works by all of them.
Click HERE to read the entire story from the New York Times (including details about the other works on sale from Crichton's estate as well as information about the auction's high sellers and stats about the sale)
Click HERE to see where Jasper Johns is exhibiting around the world
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