A JFK painting bought after his assassination poised for a 300,000% return
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Loading...The recent rumors of Robert Rauschenberg's potential big-auction headed the news in the markets, believing that it was the work of one of the most important post-war American artists.
The mystery is over
Today, Christie's plans to announce it will include a bid for the 1964 "Buffalo II" auction at a May 15 auction in New York, with the price set at $ 50 million. This is almost triple at the last auction and 300,000% more than the original buyers paid for this picture-collage that describes President John F. Kennedy and was completed shortly after his assassination.
"Everyone has been waiting for this picture," says Sara Friedlander, Christie's international director and head of New York's postwar and contemporary art department. "This is the best of the paintings that are left in private hands."
Source: Bloomberg Finance L.P.
Original Post: JFK Canvas Bought After His Death Poised to Return 300,000%
Picture: Used with permission from Bloomberg Finance L.P
RauschenbergPhotographer: Christie's
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