According to a report in the New York Times, on November 2, 2006, the painting was sold by David Geffen, founder of Geffen Records and co-founder of Dreamworks SKG, to David Martinez, managing partner of Fintech Advisory Ltd, in a private sale for a record inflation adjusted price of $140 million.
Shearman & Sterling, LLP issued a press release on behalf of its client, David Martinez, to announce that contrary to recent articles in the press, Mr Martinez does not own the painting or any rights to acquire it. The sale was never confirmed.
Painted by expressionist Jackson Pollock in his trademark "drip" style, the 4' x 8' painting is said to have been purchased by entertainment mogul David Geffen in November 2006.
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