Most expensive living artist at private sale
Flag (1958), by Jasper Johns
110000000 US dollar(s)
United States ()
The most expensive living artist is Jasper Johns (USA) whose painting Flag (1958), one of a series, was sold privately to hedge fund billionaire Steven A. Cohen in 2010 for a reported $110 million (then £73 million; €81.7 million). The seller was Jean-Christophe Castelli, son of Leo Castelli, Mr. Johns’s legendary dealer, who had died in 1999. While the price was not disclosed by the parties, art experts say Mr. Cohen paid about $110 million. "Flags" are Jasper Johns most famous works. The artist painted his first American flag in 1954–55, a work now at the MoMA.