A classic drip work by Jackson Pollock may have become the world's most expensive painting, it was reported today.
Hollywood entertainment magnate David Geffen has sold No 5, 1948, a composition in browns and yellow, for about €110m, unnamed experts told the New York Times.
That price, if correct, just beats the $135m (€105.7m) paid by cosmetics heir Ronald Lauder for Gustav Klimt's portrait of Adele Bloch-Bauer in June.
A Mexican financier who recently bought a two-floor apartment in the New York's Time Warner Centre for more than $50m (€39m), David Martinez, was named by the newspaper's sources as the buyer of the four by eight foot Pollock.
Top Sotheby's auctioneer Tobias Meyer, the man responsible for selling the two most expensive pictures at auction, is said to have brokered the deal.
Mr Geffen would not comment to the New York Times on whether he sold the painting and Mr Martinez, who has apparently snapped up works by masters like Willem de Kooning and Mark Rothko in recent years, did not return calls.
Mr Geffen is said to have sold two other paintings - by Jasper Johns and de Kooning - for a total of $145.3m (€113.8m) just last month.