In 1990, he was awarded the National Medal of Arts. On February 15, 2011 he received the Presidential Medal of Freedom from President Barack Obama, becoming the first painter or sculptor to receive a Presidential Medal of Freedom since Alexander Calder in 1977. In 1990 he was elected into In 2006, private collectors Anne and Kenneth Griffin (founder of the Chicago-based hedge fund Citadel LLC) bought False Start (1959) from David Geffen for $80 million, making it the most expensive painting by a living artist.
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