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Friday, 06 February 2015 11:15

Qatar Museums Acquire Paul Gauguin Painting for a Record $300 Million

Paul Gauguin's 'Nafea Faa Ipoipo,' 1892. Paul Gauguin's 'Nafea Faa Ipoipo,' 1892. Wikipedia

A new record price for an artwork, nearly $300 million, may have been achieved with the sale of a Paul Gauguin canvas by a Swiss collector. The buyer is rumored to be the Qatar Museums.

The seller, Rudolf Staechelin, a retired Sotheby's executive who now lives in Basel, confirmed the sale this afternoon to the "New York Times," but declined to identify the buyer or disclose the price. The 1892 oil painting, "Nafea Faa Ipoipo (When Will You Marry?)," is one of over 20 works in his collection of Impressionist and Post-Impressionist art. Prior to the sale, the Gauguin canvas had been on loan to the Kunstmuseum in Basel for close to fifty years.

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