David Hockney painting sells for a record $90.3 million

David Hockney's "Portrait of an Artist (Pool with Two Figures)."
(Image credit: AP Photo/Mary Altaffer)

David Hockney's "Portrait of an Artist (Pool with Two Figures)" sold on Thursday for $90.3 million, setting a new auction record for a living artist.

Christie's in New York estimated that the 1972 oil painting would fetch $80 million. The bidding lasted nine minutes, with the two most active bidders calling in by telephone. The previous record was held by Jeff Koons, whose "Ballon Dog (Orange)" sold in 2013 for $58.4 million.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.