via BBC: The Gauguin painting has been on public display for decades

Via BBC: A painting of two Tahitian girls by the French artist Paul Gauguin has been sold for $300 million, making it the most expensive work of art ever sold.

Nafea Faa Ipoipo, or When Will You Marry?, was painted in 1892 and had been owned by a Swiss collector. Unconfirmed reports suggest it was sold to a museum in Qatar. The small oil-rich state paid the previous highest price for a painting, a work by Paul Cezanne which sold for a reported $240 million.

Francis Bacon’s Three Studies of Lucian Freud fetched $135 million in November 2013 – The triptych is considered one of Bacon’s greatest masterpieces. It sold after six minutes of fierce bidding, according to auction house Christie’s.

Before its sale, the Gauguin artwork had been owned by Rudolf Staechelin, a collector from Basel. For decades it had been on loan to the Kunstmuseum Basel but Mr Staechelin decided to sell the painting after a disagreement with the museum, US media report.

Mr. Staechelin told the New York Times he would not divulge the identity of the buyer and it was not immediately clear where the sale had taken place. However the paper, which first reported the sale, quoted sources saying the painting had been sold to Qatari buyers.

Edvard Munch, The Scream – Perhaps one of the world’s most famous images, The Scream went on sale in May 2012, sparking a 12-minute bidding war. By the end, the privately-owned pastel, one of four in a series by the Norwegian, had been sold for $112 million.

Officials in Qatar have not yet confirmed the purchase. The sheikhdom’s royal family has in recent years spent vast amounts of money on Western art. Sheikh Saud bin Mohammed Al-Thani, a former minister of culture who died last year, lavished more than $1 billion of the country’s money on artworks. Qatar sponsored a 2012 Damien Hirst retrospective in the UK which later moved to the country’s capital Doha, and has invested large sums of money financing museums of Islamic and modern Arab art.