Kerry James Marshall: Record $21.1m sale for Chicago artwork

Latest news

    Image courtesy of the artist and Jack Shainman Gallery, New YorkImage copyright Kerry James Marshall/Jack Shainman Gallery
    Image caption Past Times sold for more than 800 times its 1997 price of $25,000

    A Kerry James Marshall painting has fetched $21.1 million at auction, a record price for a work by the artist.

    Chicago’s Metropolitan Pier and Exposition Authority (MPEA) sold Past Times for more than 800 times what it paid in 1997.

    The MPEA originally bought the piece for $25,000 from the Los Angeles Koplin Gallery.

    Marshall is known for painting scenes of African-American life.

    He was born in Alabama and grew up in south central Los Angeles before moving to Chicago.

    The artist received a MacArthur Foundation genius grant in 1997, and previously taught at the University of Illinois at Chicago.

    Marshall completed Past Times in 1997, the same year the authority bought the work.

    The MPEA is required to spend a share of its budget on art for public display, and the authority currently owns more than 100 pieces of art.

    The work hung in the McCormick Place Convention Centre in Chicago, accruing value.

    Sotheby’s estimated a sale price of between $8m-$12m once the MPEA decided to sell up, so the final price tag far exceeded expectations.

    The auction house said there had been four bidders for the work. The winner has not been identified.

    You may also be interested in:

    View the original article: http://www.bbc.co.uk/news/world-us-canada-44152617

    http://www.bbc.co.uk/news/world-us-canada-44152617

    In the same category are

    Tyson Fury beats Francesco Pianeta to edge towards Deontay Wilder bout Tyson Fury produced a focused display to dominate Francesco Pianeta and secure a points win in Belfast which looks set to seal a shot at WBC world he...
    Westminster car crash: Man charged with attempted murder Image copyright PA Image caption Salih Khater is charged with two counts of attempted murder A man has been charged with two counts of attempted m...
    Brexit vote campaign gets £1m from Superdry co-founder Image copyright Getty Images Image caption Julian Dunkerton says Brexit would have prevented Superdry from becoming a success One of the co-founde...
    Prize for ‘unconventional’ royal biography An "unconventional" biography of Princess Margaret has won one of the top prizes in the UK's longest-running literary awards.Craig Brown was awarded...
    Chelsea 3-2 Arsenal Alonso scored the winner having earlier assisted the opening goal, scored by PedroMarcos Alonso's late strike handed Chelsea a narrow victory over Ar...
    Cristiano Ronaldo makes winning start as Juventus beat Chievo 3-2 Cristiano Ronaldo is a five-time Ballon d'Or winnerCristiano Ronaldo made a winning start to his Juventus career as his new club came from behind to ...

    Leave a comment

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.