GAUGUIN

ART & BUSINESS : « NAFEA FAA IPOIPO » A COLORFUL PAINTING OF 2 TAHITIAN WOMEN SELLS FOR RECORD SUM OF NEARLY $300 MILLION.

A colorful painting of two Tahitian women by Paul Gauguin ( Nafea Faa Ipoipo ) has reportedly been sold by a Swiss family foundation to a group of state museums in Qatar for nearly $300 million, a record sum for a single work of art.

As reported in the International New York Times  dated Feb 6, 2015 the sale of the 1892 oil painting, “Nafea Faa Ipoipo (When Will You Marry?),” was confirmed by the seller, Rudolf Staechelin, 62, a retired Sotheby’s executive living in Basel, Switzerland, who through a family trust owns more than 20 works in a valuable collection of Impressionist and Post-Impressionist art, including the Gauguin, which has been on loan to the Kunstmuseum Basel for nearly a half-century.

This transaction makes a powerful argument for the vitality of the Art Business.

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