Blue Poles is an abstract painting from 1952 by the American artist Jackson Pollock. It is more properly known as Blue Poles: Number 11, 1952, says Wikipedia.
In 1973, the work was purchased by the Australian government for the National Gallery of Australia for US$2 million. At the time, this was the highest price ever paid for a modern painting. In the conservative climate of the time, the purchase created a political and media scandal.
The painting is now one of the most popular exhibits in the gallery, and now is thought to be worth as much as $200 million.
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