BREAKING NEWS

Agam painting sells for $698,000 at New York auction

By JORDANA HORN

DECEMBER 20, 2010 21:42

NEW YORK – “Growth,” a painting by Israeli artist Yaacov Agam, sold at auction to a European private collector at Sotheby’s last Wednesday for $698,000, including commission, setting a new record for any living or dead Israeli artist.

The sale, part of an auction of Israeli and international artists’ work, was 179% higher than Sotheby’s estimates for the sale of the work. “Growth” is an oil painting on wood panels in twelve parts, supported by a metal truss.

The auction in total brought in $3.45 million in sales, and included works by famed Israeli artists Michal Rovner, Reuven Rubin and Yosl Bergner.

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