Breaking: Christie’s sold Katsushika Hokusai’s “Under the Well of the Great Wave off Kanagawa” for $2.8 million–a record high for the iconic woodblock print
A print of ‘Great Wave’ by Katsushika Hokusai sold at auction on Tuesday.Who knew it was still possible to collect an iconic work of art for under $3 million? Case in point: On Tuesday, Christie’s in New York sold Katsushika Hokusai’s “Under the Well of the Great Wave off Kanagawa” for $2.8 million—a new record high for the 1830-32 woodblock print.
Christie’s only expected the work to sell for between $500,000 and $700,000, but six bidders pushed it higher in a battle that lasted 13 minutes. The telephone bidder, fielded by Christie’s deputy chairman Tash Perrin, remains anonymous. Dealers said they might start looking among a younger generation of contemporary-art collectors who have lately started pivoting to prints, particularly well-known works that look like bargains.
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