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Home > News, Articles & Multimedia > Worth Points > New Auction Record for Edward Hopper Painting Set at Christie’s, $40.5 Million

New Auction Record for Edward Hopper Painting Set at Christie’s, $40.5 Million

by Special to WorthPoint (12/05/13).

Edward Hopper’s “East Wind Over Weehawken” sold for $40,485,000 on Dec. 5 in Christie’s sale of American Art in New York, setting a record auction price for a work by the prominent American realist painter.

NEW YORK – Prominent American realist painter Edward Hopper’s “East Wind Over Weehawken” sold for a world-record auction price of $40,485,000 on Dec. 5 in Christie’s sale of American Art in New York. The painting—an iconic 1934 streetscape of a New Jersey suburb—hails from the prestigious collection of the Pennsylvania Academy of the Fine Arts (PAFA).

“East Wind Over Weehawken” was created shortly after Hopper’s fall 1933 retrospective at the Museum of Modern Art in New York, at a pivotal moment in the artist’s career. Seeking to capture the realities of Depression-era America, the work is permeated by a sense of melancholy and loneliness, underscored by the gray sky and brooding colors of the buildings. This, combined with the sense of suspended narrative, is what differentiated Hopper (1882-1967) from his contemporaries.

Proceeds from the sale of “East Wind Over Weehawken” will be used to support the creation of a new fund for the purchase of artworks at the PAFA to expand the renowned collection of the museum and school.

In May 2013, “Blackwell’s Island” sold for $19,163,750, the highest price achieved for the artist at Christie’s at the time.

In November of 2012, “October on Cape Cod” sold via Christie’s LIVE for $9.6 million, setting the world record for an item sold online at any international auction house.

In recent seasons, prices for Hopper’s paintings have soared at auction, driven by renewed demand for masterpiece-quality works. In May 2013, “Blackwell’s Island” sold for $19,163,750, the highest price achieved for the artist at Christie’s at the time and, as was recently announced, the work will soon join the permanent collection of Crystal Bridges Museum of American Art in Bentonville, Ark.

In that same sale, Hopper’s “Kelly Jenness House” achieved $4.1 million, a world auction record for a work on paper by the artist. The previous season, in November of 2012, “October on Cape Cod” sold via Christie’s LIVE for $9.6 million, setting the world record for an item sold online at any international auction house.


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