The original painting White Canoe by landscape painter Peter Doig sold at an auction in London in 2007 for 7.5 million pounds, the equivalent of just under $13 million, setting a record for the artist’s work. The phenomenal sale on June 30th was further evidence of Peter Doig’s success and has now reached new heights. White Canoe, a 1990-1991 horror film-inspired painting, is offered at Sotheby’s with an estimated price of $1.5 million. In a bidding war, the price climbs to $11.3 million. The anonymous buyer is Boris Ivanishvili, a Russian collector who made his fortune in ore mining and banking.

This graphic is based on this painting.