Oil Painting To Sell For $300 Million USD

Paul_Gauguin,_Nafea_Faa_Ipoipo-_(When_Will_You_Marry-)_1892,_oil_on_canvas,_101_x_77_cmPaul Gauguin’s art work is considered priceless around the world. Until now, his most famous oil painting ‘Nafea Faa Ipoipo”  is expected to cost the buyer close to $300 million according to the New York Times. The buyer is suspected to be from Qatar, a small oil driven emirate. The United Arab Emirate’s shattered their own personal record in terms of price for painting. Qatar reportedly spent over $250 million in 2011 on ‘The Card Players’ by Paul Cézanne.

The seller of the Gauguin is Rudolf Staechelin, 62 year old retired Sotheby executive, now in Basel, Switzerland. According to the New York Times,  “A family trust owns more than 20 works in a valuable collection of Impressionist and Post-Impressionist art, including the Gauguin, which has been on loan to the Kunstmuseum Basel for nearly a half-century.” The family has faced problems with the Basel and have decided it is best to part ways with the Basel, but believe that Gauguin’s masterpiece is worthy enough to be displayed in a museum rather then their own home. Selling to Qatar puts the oil painting in The Qatar Museums which are located in Doha.

The owner of the painting, Staechelin obtained these paintings in a very obscure manner according to the New York Times, “The works were amassed by his grandfather, a Swiss merchant also named Rudolf Staechelin, who befriended artists and made most of his purchases during and after World War I. Later, the elder Mr. Staechelin advised the Kunstmuseum, which accepted the loan of his collection after his death in 1946.”

For more on the selling of Gauguin’s painting, visit The New York Time‘s take.

For more about Etienne, please visit Etienne Kiss-Borlase‘s main site.