Portrait Of An Artist (Pool With Two Figures) from 1972 offered for simply greater than $90million at Christie’s in New York. The earlier file for a piece by a residing artist was £45million, paid for a Balloon Canine sculpture by American Jeff Koons, in 2013. Hockney’s portray reveals two males, one doing the breaststroke below water whereas the opposite watches from the facet of the pool.

The standing determine within the portray is claimed to signify Hockney’s former companion Peter Schlesinger, whom the painter met in 1966 whereas educating artwork in California.

Yorkshireman Hockney, now 81, had begun the work once they cut up up in 1971.

After a break, he went again to complete it the next yr.

Alex Rotter, co-chairman of post-war and modern artwork at Christie’s in New York, mentioned the image offered on Thursday is “the holy grail” of Hockney’s work.

He mentioned: “It has all the weather that you’d need in a Hockney portray. The California panorama, the attractive bushes and flowers and the sky and what we all know him most for, which is the pool.”

Christie’s has declined to disclose the title of the vendor.

Nevertheless, it’s reported to be businessman Joe Lewis, an 81-year-old investor who owns the Tavistock Group and Tottenham Hotspur.

He’s estimated to be value £3.8billion.

Different highlights of the sale included Francis Bacon’s Examine Of Henrietta Moraes Laughing, which offered for nearly £17million, and Alexander Calder’s 21 Feuilles Blanches, which doubled its estimate, promoting for round £14million.

Hockney is taken into account to be one of the influential artists of the 20th century.

His earlier public sale file was £22million, paid for his 10ft panorama Pacific Coast Freeway And Santa Monica, painted in 1990.

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