Bidding on behalf of Newhouse in 1988, Gagosian paid over $17 million for False Start (1959) by Jasper Johns, a then-record price for a work by a living artist.
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In 2010, internet pioneer David Bohnett sold his Holmby Hills compound, originally designed by A. Quincy Jones for Gary Cooper, to Gagosian for $15.5 million, according to public records.
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To scrape together additional funds of an estimated $400,000 to preserve Lightning Field, Larry Gagosian, whose gallery represents De Maria, and Miuccia Prada have come together to lead the restoration effort.