Jackson Pollock Painting Sets New Auction Record

November 4, 2006 - Wonder of wonders, a Jackson Pollock painting, if rumors are true, has just been sold to an art collector for a whopping $140 million, breaking records for the highest amount ever paid for a painting. The Jackson Pollock painting called "No. 5, 1948" was owned by Hollywood movie mogul David Geffen, but the name of the new owner has not been officially released nor has the price been officially confirmed at this time. Although unconfirmed, the new owner of the Jackson Pollock painting may be the Mexican financier, David Martinez, who has bought a number of modern masterworks in recent years.

Brenda Harness, Art Historian