Qatari Royals Reportedly Paid $250 Million for Cézanne Painting
Tags: Middle East, Modern Art, Private Sales
When Greek shipping magnate George Embiricos was shopping around for a buyer for Cézanne’s “Card Players” (1892-93) shortly before his death in late 2011, the art world was abuzz with whispered reports of two art dealers (rumored to be William Acquavella and Larry Gagosian) who offered bids upwards of $220 million. Now, Vanity Fair is reporting that the successful buyer was in fact the Qatari Royal Family for a whopping $250 million. If this holds true, it would irrefutably be the record price paid for a piece of artwork, both for the private and public markets.
The painting’s value (whether that genuinely be $250m is debatable) is high not only for its significance in the realm of modern art; its 4 sister paintings hang in some of the most established museums in the world: the Met, the d’Orsay, the Courtauld and the Barnes Foundation.
In an ARTnews piece in 2003, dealers speculated that should the piece ever come onto the open market, it could be worth as much as $100m.
Photo courtesy of Vanity Fair