Is this painting really worth $43 million?

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Barnett Newman’s “Onement VI,” from 1953.NEW YORK – Microsoft co-founder Paul Allen apparently has an eye for good art.

Allen sold a 60-year-old painting, “Onement VI” by Barnett Newman, at auction for $43.8 million dollars Wednesday.

The 8.5’ x 10’ abstract art was expected to fetch between $30-$40 million.

According to Seattlepi.com, a telephone bidder beat out four other hopefuls for this blue masterpiece.

Businessweek reports the $43.8 million winning bid set a record for a Newman painting sold at auction.

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6 comments

  • Jimmy

    Barnett Newman's work is boring minimalist painting. He was a first class BS artist and these prices for a zip on canvas are insane. Anyone can make this junk.

  • justme

    Rich people and the dumb things they do with their money… what a waste… I'm not a hater… a guy can choose to do what he wants with what he has… but to the majority of hard working Americans… it just plain doesn't make any sense…

  • Sandie

    I am speechless.. How can anyone in their right mind think that this is art.. What an insult to the thousands of artists out there.