Style and Art

Hollywood entrepreneur David Geffen has sold a painting by Jackson Pollock in a record setting price of $140 million dollars reports The New York Times.

Sources close to the transaction identified the buyer as David Martínez a mexican financier who recently purchased a two-floor apartment in the south building of the Time Warner Center for $54.7 million.

Mr. Geffen declined to comment on the sale. Sotheby's is said to have brokered the deal.Just last month Mr. Geffen sold two other 20th-century paintings for a total of $143.5 million.

Mr. Martínez did not return calls seeking comment. Obsessively private, he has emerged as a megabuyer in modern and contemporary art in recent years, snapping up works by masters like de Kooning and Rothko both privately and at auction.