#jackson-pollock

#jackson-pollock

Newhouse bought Number 7A for $32 million in a private transaction in 2000, according to Alex Rotter, Christie's global president. Over 26 years, the annualized return for the Pollock comes to about 6.6 percent, not including carrying costs like insurance. Over the same period, a passive investment in the S&P 500, with dividends reinvested, would have grown to about $240 million-outperforming the Pollock while offering greater liquidity and lower costs.

Pollock's 10-foot-long drip painting “Number 7A, 1948” shattered records for work by the late artist, selling for $181.2 million. The superlative sale nearly tripled the artist's previous auction record of $61.2 million for the sale of “Number 17, 1951” in 2021.

Not everyone appreciates the artistry of Jackson Pollock's famous drip paintings, with some dismissing them as something any child could create. While Pollock's work is undeniably more sophisticated than that, it turns out that when one looks at splatter paintings made by adults and young children through a fractal lens and compares them to those of Pollock himself, the children's work does bear a closer resemblance to Pollock's than those of the adults.