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May 17, 2019

Hungarian painting sets new sale record

A painting by Valéria Dénes has sold for 110 million forints, setting a new record for the art market

A painting by Valéria Dénes has sold for a whopping 110 million forints, setting a new record for the art market.

The piece captures the rusty-colored rooftops of a Bruges suburb and is reputed to be the finest painting ever made by the artist.

Due to the limited numbers of authentic Dénes’ pieces available - in total, a dozen or so have been documented so far - the standard price hovers between 30-50 million forints. This opened up new horizons for the seller, the Virág Judit Gallery which helped the piece reach record heights.

According to records, there has never been a sum this large paid for an artwork by a Hungarian painter.

Photo credit: forbes.hu