American Gothic Click to see full answer. Hereof, how much is the American Gothic painting worth?DES MOINES (AP) — A Grant Wood painting that sold for $6.96 million at a Sotheby’s auction may be a record for the artist who was immortalized with “American Gothic.”One may also ask, what is the meaning behind the American Gothic painting? American Gothic by Grant Wood is a Regionalist painting created in 1930. Regionalism is a style rebuffing the modern art styles coming from Europe. Like a lot of art, the American Gothic’s real meaning is in the eye of the beholder. Some see American Gothic as a statement supporting American farmers. Also to know, why is the American Gothic painting so famous? It was painted in 1930, when US artists were inspired to paint realist scenes of rural America during the Depression, rejecting European modernist influences for a decidedly home-grown, often folksy authenticity, in a style that became known as Regionalism.Who owns American Gothic painting?It was instantly a big hit. American Gothic was submitted to the 1930 annual exhibition at the Art Institute of Chicago, where it won a bronze medal and a $300 prize. But that’s not all. The Art Institute acquired the piece for its collection.