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HomeInvestingHow an “Ordinary” Blue Painting Earned Millions: Barnett Newman’s Onement VI

How an “Ordinary” Blue Painting Earned Millions: Barnett Newman’s Onement VI

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In 2013, an auction drama unfolded in New York that could have been a script for Hollywood. The painting “Onement VI” by Barnett Newman, which at first glance looks like nothing more than a huge blue blot on canvas, was sold for an astonishing $43.8 million! Yes, you’re reading correctly, it’s not a typo. This painting, which many might dismiss as the work of a five-year-old, became one of the most expensive pieces of art ever sold at auction.

But what makes “Onement VI” such a sensation? It’s just a blue painting, isn’t it? Not quite. Barnett Newman, the painter of this piece, is a legend of abstract expressionism, and his works are known for their ability to evoke deep emotions and thoughts. “Onement VI” is not just a painting; it’s a journey into the soul of the artist, where each view brings new discoveries.

Then there’s the rarity factor. Newman’s works are like a white tiger – they’re rarely found outside of museums or private collections. When one appears at auction, collectors and investors open their wallets wide.

Moreover, at a time when the world is crazy for abstract art, “Onement VI” is like a golden ticket. It’s an investment, a status symbol, and yes, a piece of history. And with the art market now as hot as lava, prices are soaring.

So, even if you look at “Onement VI” and shake your head, remember that sometimes in art, less means more. And in the case of Newman, less means millions. Who would have thought that a simple blue painting could be so thrilling?


Sales statistics for Barnett Newman’s “Onement VI” painting:

Price:

  • $43.8 million USD (2013) – the highest price for a Newman work
  • Surpassed the previous record of $22.5 million USD from 2012

Auction:

  • Sotheby’s, New York, May 13, 2013

Buyer:

  • Anonymous collector

Original owner:

  • Paul Allen, co-founder of Microsoft
  • Purchased in 2000 for an undisclosed sum
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