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A Matthew Wong Painting Just Sold at Christie's for a Record $4.5 Million, Marking a Frenzied Turning Point in the Late Artist's Market.

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440BC80E 6E31 42C0 9897 803E721FE9A0Matthew Wong, Shangri La (2017). Image courtesy Christie's Images Ltd.

The auction market for Matthew Wong, the Canadian painter who died by suicide at the age of 35 last year, has accelerated into surreal territory.

At Christie’s today, Wong’s painting Shangri-La (2017), shattered a high estimate of $700,000 to sell for $4.47 million. A Christie’s representative confirmed that 13  buyers were registered to bid on the work, but some could not even make an offer once the action took off.

Read more on Artnet:

https://news.artnet.com/market/matthew-wong-painting-shangri-la-christies-1913791

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