What: Alice Neel (1901-1984)
'Portrait of Roberta Johnson Roensch'
Oil on canvas
30 x 22 inches
Painted circa 1943-1946
Where: Christie's, New York
First Open Post-War and Contemporary Art
September 10, 2007
How Much: Pre-auction estimate: $50,000-$70,000
Final selling price: $445,000
The painting, on the auction block for the first time since it was created in the '40s, sold to a private U.S. collector after strong bidding for $445,000. It was expected to fetch between $50,000 and $70,000. It also set a new record for any Alice Neel painting at auction. The previous record, for the portrait "Peter B. Kaplan" was $216,000, sold at Sotheby's in 2006. [from forbes.com]
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