Adjusted Price Inflation: $179.4
In November 1997, the painting was sold for $31.9 million, as part of the Ganz collection at Christie’s in New York. The Ganz family already owned other 3 versions of the painting and were auctioned at the same time. It has been said that the “Version O” was sold to a Saudi Arabian collector who was living in London during that time.
For the second time, the “Version O” was auctioned at Christie’s New York, having some expectation that the painting will be sold for a record setting amount. Christie’s sets the bidding at $140 million, which was set to be the highest pre-sale offer ever placed in an auctioned artwork. Finally, the painting was sold for $179.4 setting up the record for the highest price auctioned artwork. The painting was bought by the former Qatari prime minister, Hamad bin Jassim bin Jaber Al Thani.