The Nation - News from Nov. 10, 1988

Painter Jasper Johns’ “White Flag” sold for $7 million, the highest auction price ever paid for a contemporary art work, at Christie’s in Manhattan. The buyer is Swedish collector Hans Thulin. Jackson Pollock’s 7-foot-wide “drip” painting “Frieze” sold for $5.7 million to an anonymous New York dealer, a record for a Pollock work. Both were sold at an auction of 32 contemporary art works from the private collection of Burton and Emily Hall Tremaine. Fifteen records were set, and the sale totaled $25.8 million.