While Its Replica Fetched $15.3M, Eddie Murphy Reveals He Paid $50K For The Original ‘Sugar Shack’ Painting
The iconic painting from “Good Times” is owned by one of the culture’s favorite comedians, and you’ll never believe how much he paid for it.
The post While Its Replica Fetched $15.3M, Eddie Murphy Reveals He Paid $50K For The Original ‘Sugar Shack’ Painting appeared first on AfroTech.
Who Owns The Painting?
That’s right, the legendary Eddie Murphy managed to get his hands on the portrait many years ago, thanks to the late Marvin Gaye’s estate.
“I have that painting,” Murphy told Jimmy Kimmel during an appearance on his late night television show.
@boardroom_ Eddie Murphy the Art Dealer. #eddiemurphy #jimmykimmel #goodtimes #blackartist (h/t @jimmykimmellive ♬ original sound – Posterised
Murphy also cleared up any confusion that he has sold the iconic piece of art.
“The duplicate of that painting just sold at Christie’s for like $16,000,000,” the “Boomerang” actor explained. “I have the real one.”
"The Sugar Shack"
As previously reported by AfroTech, the duplicate of “The Sugar Shack” painting sold in May of 2022 for a whopping $15.3 million.
Not only did Gaye have the original copy that now lies in the hands of Murphy, but he used the painting — created by legendary artist Ernie Barnes — on the cover of his 1976 album “I Want You.”
#AuctionUpdate Ernie Barnes ‘The Sugar Shack sets an auction record for the artist this evening, 27x the previous record set by the artist. After over 10 minutes of bidding by up to 22 bidders, the piece realized $15.275 million. pic.twitter.com/GQOH03vF0a
— Christie’s (@ChristiesInc) May 13, 2022
While the estimated bidding rate for the replica was $200,000, the $15.3 million surpassed that and sold for 27 times higher than any of Barnes’ previous sales.
“I stole it — I would have paid a lot more. For certain segments of America, it’s more famous than the ‘Mona Lisa,’” Bill Perkins, the hedge fund manager, and entrepreneur who acquired the artwork previously told The New York Times.
How Much Did Eddie Murphy Pay For The Original?
Although the price tag for the replica was worth millions, Murphy reveals how much he paid for the original, and let’s just say, it’s far less than what the duplicate went for.
“I think I paid $50,000 for that picture,” Murphy recalled. “After Marvin Gaye passed away, I bought it from his estate.”
When Kimmel asked the comedian if he was rich, he cheerfully responded with, “I got that painting.”