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DAVID HOCKNEY SELLS PAINTING FOR $90.3 MILLION

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A celebrated painting by British artist David Hockney has been sold at Christie’s in New York for just over $90m (£70m) – an auction record for a work by a living artist.

Portrait of an Artist (Pool with Two Figures) had been forecast to fetch $80m (£62m).

It sold following a 10-minute battle between two bidders via telephone, after the price passed $70m (£54m).

The sale eclipsed the previous record held by US artist Jeff Koons.

His stainless-steel Balloon Dog (Orange) sold for $58m (£45m) in 2013.

The packed sales room in New York broke into applause when the hammer fell, with the buyer’s premium and commission taking the final price to $90.3m.

 

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