David Hockney's company reports £12M sales in 2016

David Hockney's company, David Hockney UK, filed accounts for 2016 showing sales of £12 million, an increase of £7.5 million from the previous year. After-tax profits reached nearly £3 million. The artist turned 80 in 2016, celebrated by a major retrospective at Tate Britain that later traveled to Centre Pompidou, drawing critical and public acclaim. Despite age and near-total hearing loss, Hockney continues to work, now primarily on iPad. His auction prices have risen steadily since 2009, with Woldgate Woods, 24, 25, and 26 October 2006 selling at Sotheby's for $12 million in November 2016, surpassing his previous record of $7.9 million for Beverly Hills Housewife in 2009. The retrospective covered six decades from 1963 to recent iPad works, showcasing his practice across painting, illustration, printmaking, drawing, photography, and stage design. Hockney has lived in Los Angeles since the 1980s.