Jackson Pollock drip painting fetches $58.4m | Bangkok Post: news

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NY art auction reaps nearly $500m

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A blockbuster auction of Contemporary art in New York, including a record $58.4 million for a Jackson Pollock drip painting, fetched nearly half a billion dollars -- the biggest haul ever at an art auction. 

Jackson Pollock's painting "Number 19, 1948" is on display at Christie's in New York on May 3, 2013. The drip painting sold at Christie's in New York for a record $58.4 million.

Christie's said Wednesday's sale raised a "staggering" total of $495,021,500, with 94 percent of lots finding buyers. Nine of the works sold went for more than $10 million and 23 for more than $5 million.

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