One of David Hockney's famous "pool paintings" is coming to auction and is expected to sell in the $80 million range, easily breaking the record for a work by a living artist sold at auction. "It has all the elements that you would want in a Hockney painting," Rotter said in an interview. And with Mr. Hockney one of the last of his generation still standing, and also painting, this painting will likely be the most expensive work by a living artist sold at auction." But who will buy an $80 million painting? "It will be someone who wants the best painting of an artist," Rotter said, "and the best painting of an artist with historical relevance."

Source: ABC News September 13, 2018 06:00 UTC