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Wednesday, April 25, 2012

$78,100,000 for Au Moulin de la Galette by Pierre-Auguste Renoir (1990)




     Bal au moulin de la Galette, Montmartre was painted by French artist Pierre-Auguste Renoir in 1876. On May 17, 1990, it was sold for $ 78,000,000 at Sotheby's in New York City to Ryoei Saito, the honorary chairman of Daishowa Paper Manufacturing Company, Japan.


     At the time of sale, it was one of the top two most expensive artworks ever sold, together with van Gogh's Portrait of Dr Gachet, which was also purchased by Saito. Saito caused international outrage when he suggested in 1991 that he intended to cremate both paintings with him when he died. Saito died in 1996 ... but the painting was saved.

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