Norman Lear bought a Hockney painting for $US64,000. Now it could sell for up to $US35 million

[JohnS]

Norman Lear bought a Hockney painting for $US64,000. Now it could sell for up to $US35 million

By Jack Guy, CNN, Thu May 16, 2024

"A Lawn Being Sprinkled" by British artist David Hockney. Richard Schmidt/Christie's

CNN — A David Hockney painting bought by famed US screenwriter and producer Norman Lear for $64,000 is expected to fetch up to $35 million at auction.

“A Lawn Being Sprinkled” is going under the hammer as part of a sale of the collection of Norman Lear and Lyn Davis Lear that is estimated to bring in more than $50 million, according to a statement from auction house Christie’s.

Lear paid what was a record-breaking price for a Hockney work when he acquired the painting in 1978, according to the auction house, but nowadays the artist’s most valuable pieces sell for tens of millions rather than tens of thousands.

The painting, created in 1967, is acrylic on canvas and features a number of sprinklers spraying a green lawn, with a gray building and a fence in the background.

It is the top lot in a collection which also features Ed Ruscha’s painting “Truth,” as well as works by Willem de Kooning, Robert Rauschenberg and Ellsworth Kelly.

Hockney paintings "A Bigger Splash" (left) and "A Lawn Being Sprinkled." Daniel Leal/AFP/Getty Images

Lear was “the most important television producer in history,” Christie’s said, best known for shows such as “All in the Family,” “The Jeffersons” and “Good Times.” He died at his home in Los Angeles in December at the age of 101.

“The art that Norman and Lyn collected together is, like his era-defining shows, marked as much by the exploration of ideas as by an exquisite sense of craft,” said Max Carter, Christie’s vice chairman of 20th and 21st century art, in the statement.

Hockney, 86, is one of the world’s most popular living artists.

Norman Lear pictured in 2020. Chris Pizzello/Invision/AP

Born in Bradford, northern England, Hockney traveled to California in 1964 and subsequently spent many years there, painting some of his best known works.

In 2018, Hockney’s 1972 piece “Portrait of an Artist (Pool with Two Figures)” sold for $90.3 million, setting a then record for the highest price ever paid at auction for a work by a living artist.

Source: https://edition.cnn.com/2024/05/16/style/david-hockney-lawn-painting-auction-scli-intl/index.html

[Wookie]

At least Hockney was classically trained and could paint the human figure at a professional level.  He innovated a modern style and gets credit for it.  Realism was lost during the 20th century but is making a comeback. Many 'contemporary' artists nowadays are not properly trained and are pretty much copying the 1900-1970 modernists.  

Here's a pic I did of Hockney (after Lucian Freud's original, for which he made Hockney sit for 120 hours. He then reciprocated by sitting for 4 hours for Hockney and said he was done.) Freud was a POS. But talented.

[JohnS]

Good point and well done on those portraits, @Wookie. My wife is an Art teacher and she would concur about your point on Realism, for sure!

[Wookie]

It sold for $28.6Million USD at Christies last week.

[BrightonCorgi]

I wonder what Christies charges for a seller commissions on something in that price range?

[Wookie]

3 hours ago, BrightonCorgi said:

I wonder what Christies charges for a seller commissions on something in that price range?

Not much at all after the first $500k-1M valuation because they want product to sell. Sotheby's shares buyer's premiums with seller on big ticket items. 

[BrightonCorgi]

25 minutes ago, Wookie said:

Not much at all after the first $500k-1M valuation because they want product to sell.  Sotheby's shares buyer's premiums with seller on big ticket items. 

I was figuring 1-3% at that value for the seller.