The ex-Governor of Maine has sold the first of three paintings, one of which he was accused of stealing, for $3,527,800.
He is the highest paid recipient of the auction, which included a portrait of President George W. Bush.
In the auction house, a portrait, of Mr. Hodgsson, of the first governor of Massachusetts, by the late William H. Brown, will sell for $2.5 million.
“The painting is one of the most powerful pieces of art I’ve ever seen, and it’s also one of my favorites,” said Michael H. Bostwick, managing partner of The New York Public Museum.
The Christie’s auction house had said the painting was stolen by Mr. H.H. from the Maine State Library in the 1940s.
A spokesman for the Library said in a statement that it had no knowledge of the painting being stolen.
The New Hampshire State Archives also confirmed that the painting, which is on view through Oct. 30, is from the 1940-41 collection of the Maine Legislature.
The Museum of Fine Arts in Washington, D.C., will sell the painting at a price of $2,100, plus a $250 commission, and the Christie’s is selling it through a buyer to pay for it.
It was bought by the state of Maine in 1985 for $1.5 billion, and Mr. Bousfield, who owns a real estate business in Maine, said he has no plans to sell the artwork.
“I’ve been looking for a painting for the past 20 years,” he said.
Mr. T.H., the governor’s wife, died in March at age 82.
The paintings, which were exhibited at the Christie Gallery in New York City from 1990 to 1994, are in a private collection at the museum.
They are among the most expensive works of art by the governor.
They were also on view at the New York State Archives in New Brunswick in March and at the National Gallery of Art in Washington from May 1995 to August 1996.
Mr Bousfeld said he was unaware of the whereabouts of the paintings and had no plans for them to be sold.
Mr Hodgson is also the second of two brothers to be a governor of Maine.
His father, James Hodgson Sr., served four terms in the House of Representatives and two terms in Congress from 1949 to 1972.
In addition to his governorship, he was governor for four years from 1972 to 1978, when he was impeached on charges of bribery and official misconduct.
Mr H. H., who was first elected in 1952, served for the remainder of his four-year term in office from 1980 to 1988, and he died in 1993.
He was known for his tough opposition to organized crime, but his administration struggled financially during the Great Recession.
Mr T. H.’s brother, John, was elected to the Senate in 1984, becoming Maine’s first Hispanic governor.
In 2004, he resigned after the FBI raided his home.
The second son, John T., died in 2003.
He had been the mayor of Portland, Maine, from 1991 to 1994 and was a Republican who served on the city council.
John T.’s sister, Linda Hodgson was a co-chairman of the George W, Bush, and Clintons presidential campaigns in 1992 and 2000.