source: twitter.com

The painting was by an American artist was sold for an incredible USD 70,000,000 dollars at an auction recently! This amazing situation became a huge topic of discussion with many online viewers from around the world recently!

At first glance, this painting appears to be nothing more than a blackboard of graffiti! Yet, it is considered a valuable work of art and was sold at a price of USD $70,000,000 dollar at an auction recently! https://t.co/qzNss8PTl5 The title of this painting is “Untitled” by USA artist Cy Twombly which is the highest price ever paid for his work! pic.twitter.com/rtVR2QUMEu

— Livedoor News (@livedoornews) 2015, 11月 12

source: twitter.com

The title of this painting is “Untitled”. and was created by American artist named Cy Twombly who previously worked as a cryptanalyst for the U.S. Army. At a November 2015 auction sponsored by Sotheby’s in New York City, this painting was purchased for an incredible USD $70,530,000 dollars! This is the highest ever valuation for this artist’s work! It seems to have with the value. That of the highest ever amount as a successful bid price of his work (The highest ever price for Twombly’s work up to now was USD $69.6 million US dollars).

To most people, this painting appears to be nothing more that a blackboard with some unrecognizable markings on the board but it is a very valuable work of art! A prominent American collector is reported to have purchased the painting at the Sotheby’s auction and will be displayed at an undisclosed location.

source: twitter.com

On the canvas of gray, homemade oil-based paint and wax crayon, round and round with a pencil is 6 lines have drawn. Typical continuous cropping of Twombly is one of the “Blackboard (blackboard)”, It seems that depicted in 1968.

The price of a work of art is based on its perceived value in the marketplace. It is sometimes difficult to understand the value of art so a deeper understanding along with more research and study of the marketplace for art is perhaps needed.