Volume 30, Number 15 · October 13, 1983
The Art Biz
By John Bernard Myers
On May 10, an auction at Christie's set new prices for recent contemporary art. A Willem de Kooning, Two Women, painted in the mid-1950s, sold for a record $1.2 million, the highest sum ever paid for a work by a living American. Work by other Abstract Expressionists also sold high—a Franz Kline for $240,000, an Adolph Gottlieb for $110,000, a Sam Francis for $242,000. A harder-edged painter, Richard Lindner, brought $300,000 and an early Frank Stella fetched $260,000. (Add 10 percent to all these prices for Christie's cut.)
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