A late Jackson Pollock work comes up at Christie’s in New York on May 13. Number 5 (Elegant Lady, 1951) from the E.ON art collection is estimated at $15 – 20 million. It has been in the E.ON art collection in 1980. The
mportant patron of the arts for over 20 years – aims to raise funds to continue this and their commitment to Museum Kunstpalast in Düsseldorf, supported since 1998 in Germany‘s largest cultural public-private-partnership.
The legendary New York art dealer Martha Jackson (1907-1969) presented it in the opening show of her new space at 32 East 69th Street in 1956. In 1954 she had traded this work with Pollock — along with another painting from the same period (Number 23, 1951/Frogman) currently in the collection of the Chrysler Museum of Art, Norfolk, Virginia – for her green 1950s Oldsmobile. This would have a tragic consequence two years later when Pollock crashed this car into a tree near his home on Long Island killing himself and Edith Metzger.
Christie‘s holds the world auction record for a work by Jackson Pollock (1912-1956) with Number 19 (1948) which sold for $58,363,750 last May in New York.