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Stock impact report

$90 Million Hockney Smashes Record for a Living Artist Amid Broad Market Shift [The New York Times]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Image Visitors at Christie’s New York viewing David Hockney’s “Portrait of an Artist (Pool with Two Figures) on Wednesday evening. Credit Credit Karsten Moran for The New York Times By Scott Reyburn and Robin Pogrebin Nov. 15, 2018 A celebrated and enigmatic painting of two men and a turquoise pool by David Hockney sold at Christie’s on Thursday night for $90.3 million with fees, shattering the auction record for a living artist and cementing a major broadening of tastes at the turbocharged top end of the market. The price for the 1972 painting, “Portrait of an Artist (Pool with Two Figures),” easily surpassed the previous high of $58.4 million, held by Jeff Koons for one of his “Balloon Dog” sculptures. The night before, a Sotheby’s auction produced new highs for three African-American artists and a 42-year-old female painter. Together the sales signaled a new inclusivity in the art world, driven by a generational shift toward artists who hav Show less Read more
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