What Is The Most Expensive Painting Ever Sold
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And the trophy for the most expensive fine art piece goes to: The Mona Lisa.
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Have you ever wondered how much Leonardo da Vinci'southward The Mona Lisa is worth today?
The price of the globe's virtually famous painting - which continues to draw big crowds of visitors to the Louvre in Paris - is literally "insane". The Renaissance masterpiece is considered priceless: its cultural value is incommunicable to translate into a monetary value. The Mona Lisa is believed to be worth more than $850 1000000, taking into account inflation. In 1962, it was insured for $100 one thousand thousand, belongings the Guinness World Record for highest e'er insurance value in the art market (respective to $870 1000000 in 2021).
But while this Da Vinci's masterpiece is on permanent display at the Louvre Museum in Paris, there is another Da Vinci's artwork, "Salvator Mundi" , which has instead been recently sold. In 2017, the painting was sold for $450 million to the Crown Prince of Saudi arabia Mohammed Bin Salman. Such a world record toll was settled upon at Christie'due south in New York, for an artwork which now might be "locked upwards" in a secret storage in Switzerland. If Salvator Mundi was bought for $450 million, we tin expect, on the open up market, that the most famous painting in the earth will exist worth many times more than. The French regime, ad absurdum, could resell the painting, cashing in a staggerly high corporeality of coin. But this volition non happen, because the about expensive painting in the world non simply has an invaluable status, but information technology also holds an immense "tourism value". To the French economic system, the Mona Lisa is worth at least €3 billion yearly. It appears therefore off-white to say that the Mona Lisa is an inestimable treasure that cannot be easily sold to the private sector.
The Mona Lisa, the well-nigh expensive fine art piece in existence, is therefore invaluable and will non be sold any fourth dimension soon. In a like manner, information technology is not possible to precisely gauge the value of many other masterpieces. The value of artworks by artists at present considered masters is likely to be substantially different today compared to when the pieces initially appeared on the art market. For instance, Van Gogh - who is known to have sold only one painting in his lifetime, "The Red Vineyard", for 400 francs (approximately $2,000 dollars), was at the center of a private deal in 1989 and of a Christie'southward auction in 1990. His Portrait of Dr. Gachet (1890) was sold for $161.4 million (adjusted price in 2019). Poor Van Gogh, a master painter who died penniless!
The Mona Lisa's unique grin - rendered through perspective and sfumato technique - is perhaps laughing at this gimmicky fine art market'southward speculative bubbling.
Information technology is best therefore to focus on the value of artworks based on their past realized values at sale. Auctions, on the one hand, form the backbone of the art market. The prices settled upon at auctions are disclosed to the public. On the other hand, a significant amount of art deals are reached privately, with prices non systematically disclosed to the public.
Since Christie'south sale in 1990, when Van Gogh's Dr. Gachet was sold, and in item in contempo years (the majority of the virtually expensive paintings sold at auctions have been sold later on 2010), art market place prices have risen exponentially. Some would say the prices have inflated beyond what is appropriate for item artworks, only with the number of High Net Worth Individuals (HNWIs) ascent across the world, more of them plow to art as a ways to spend their outrageous fortunes.
2021 Art Marketplace Sales and Trends
Co-ordinate to the annual report of Artprice, the contemporary art market has recently marked a record-breaking $2.seven billion in sales between June 2020 and June 2021. Later the dramatic shrinking in sales during the offset half of 2020 due to Covid 19, the contemporary art market re-emerged stronger than e'er. The pandemic era greatly facilitated not only the transition of a large office of the art sales to online auctions, giving an increment importance to purchases on online platforms, only also a shift in the kinds and formats of artworks buyers are willing to purchase. 2021 was the year of the explosion in popularity of NFTs (Not Fungible tokens): NFTs accounted for ane-third of all online sales and over two percent of the overall art market. The second nearly expensive gimmicky artwork sold this year is Beeple'southward NFT: "Everydays: The Outset 5,000 Days Beeple" (2021) that fetched $69.3 meg. It was the beginning NFT ever sold at Christie'due south. The upshot was a landmark: 22 million people, 60% of them nether 40, logged in to witness the first public sale of an NFT. The young historic period of the people involved in the outcome reflects a broader trend: more and more young collectors are shaping the art market.
The highest-selling contemporary artist of 2021 is Jean-Michel Basquiat, while at the 3rd identify we find the US-based Chinese creative person Chen Danqing. His painting "Shepherds" (1980) broke a tape for Chinese fine art, selling for $25.2 million at Poly Beijing Spring Auctions in June.
Looking at the broader art market, the sale that marked the first major sale of the year 2021 was the Renaissance artist Sandro Botticelli's Young Homo Holding a Roundel, sold at Sotheby's New York for a tape $92.2 million. The price accomplished by "Young Homo Holding a Roundel'' makes it not only one of the most valuable portraits of whatever era ever sold, merely also the second most valuable Old Master painting to ever sell at an auction, 2nd just to Leonardo da Vinci's Salvator Mundi. Another important record was reached this November, when a self-portrait of the beloved Mexican artist Frida Kahlo, "Diego and I", was sold for $34.9 1000000 at Sotheby'south auction. The sale marked an all-fourth dimension high for a painting created by a Latin American artist.
If you lot are curious almost the Fine art market's latest trends don't miss our article "2018's Artistic Highlights".
The Acme 10 Most Expensive Paintings Ever Sold At Auctions
Here is a list of the 10 most expensive paintings always sold at auctions. Many other artworks have been sold privately for more than some of the prices listed hither (some notable cases of private sales for which the price is known are also mentioned in the list). All but 1 painting in this list were sold at either Christie'south or Sotheby's New York. All prices are adjusted for inflation in 2020.
10. Edvard Munch "The Scream" (1895): $135.2 one thousand thousand
Sotheby's New York, May 2d 2012
Munch's most famous creation, "The Scream" set a new globe record when information technology was sold in 2012, knocking Picasso off the peak spot. It was on brandish at the British Museum in April 2019, with many other of Munch's works and preliminary drawings on paper.
9. Pablo Picasso "Garçon à la pipe" (1905): $142.7 million
Sotheby'due south New York, May 2004.
"Garçon à la pipe" is an oil painting depicting a Parisian boy who holds a pipe and wears a garland, surrounded by flower decorations. It is the fifth most expensive painting by Picasso. The painting is a masterpiece, however its sale for such a high price sparked controversy in the art world. Art critics consider it as a "pocket-sized painting" of Picasso, withal it is a compelling artwork that is able to convey the immortal adolescent dazzler.
viii. Qi Baishi "Twelve Landscape Screens" (1925): $148.vii million
Beijing Poly Auction, Dec 2017
This painting is unique on our list: it is the only painting that was not sold by either Christie's or Sotheby's too as the only one that was non sold in New York. "Twelve Landscape Screens", a collection of ink landscapes, set a new record for the well-nigh expensive slice of Chinese fine art sold at auctions worldwide. This is further proof of the growing wealth and influence of the Asian market.
Read more nigh Chinese and Japanese landscape painting.
seven. Pierre-Auguste Renoir "Bal du moulin de la Galette" (1876): $154.7 1000000
Sotheby's New York, May 1990
The painting is a smaller version of the identical picture exhibited at the Musèe d'Orsay in Paris. At the fourth dimension of its sale information technology was i of the 2 most expensive artworks always sold. It was purchased by Ryoei Saito, an honorary chairman of a paper factory in Nihon. In 1991, Saito acquired an international outrage when he alleged that he wanted to cremate the painting with him when he died. After the severe fiscal difficulties of his visitor, the painting is believed to exist in the (much safer) easily of a Swiss collector.
6. Francis Bacon "Three Studies of Lucian Freud" (1969): $158.2 million
Christie'southward New York, Nov 2013
"Three Studies of Lucian Freud" is another artwork that recently soared straight to the top of the near expensive listing. The extraordinary value of this piece comes not simply from Francis Bacon's own great reputation, but also from its great ability to capture his relationship with the subject field: his great friend Lucian Freud.
5. Amedeo Modigliani "Nu couché (sur le côté gauche)" (1917): $162 million
Sotheby'due south New York, May 2018
Non to be confused with "No couché" (1917/18), which lies in third place in this very list, "Nu couché (sur le côté gauche)" is part of a series of nudes. It is the largest Modigliani's work, portraying a reclining female nude. The painting was exhibited in Modigliani's first and just solo show in Paris at the Galerie Berthe Weill. The show acquired a huge scandal and the police were chosen to shut downwardly the show. "Nu couché (sur le côté gauche)" was bought by Ezra and David Nahmad.
4. Van Gogh "Portrait of Dr. Gachet" (1890): $163.4 one thousand thousand
Christie's New York, May 1990
Despite arguments over its authenticity, one of the about revered paintings by the Dutch artist Van Gogh depicts Dr. Paul Gachet, who took care of the artist during the final months of his life. Sad but gentle, clear and intelligent, the doc's melancholic face carries "the heartbroken expression of our time".
3. Amedeo Modigliani "Nu Couché" (1917/18): $186.1 million
Christie'south New York, November 2015
Another Modigliani'south painting from his famous series of nudes was awarded third identify. The cost set a world record for a Modigliani'due south nude. This painting was bought by a Chinese couple, Liu Yiqian and Wang Wei, for their individual Museum in Shanghai. Fun fact: it is believed that the painting was bought by the couple using a credit card. Its sale reaffirmed the importance of nude equally a subject matter of modernist artworks.
2. Pablo Picasso "Les Femmes d'Alger (Version O)" (1955): $195.8 million
Christie's New York, May 2015
As 1 might take been expected, one of the most expensive paintings e'er sold in an sale was created by Picasso. His "Les Femmes d'Alger" was sold in 2015 setting the earth-record toll for an artwork at the fourth dimension. It was bought past the former Qatari prime number government minister Hamad bin Jassim bin Jaber Al Thani. The painting, Version O, is the terminal painting of a series that Picasso created every bit a tribute to Eugène Delacroix, an artist that he greatly admired. In particular, it is inspired by Delacroix's "The Women of Algiers in their Apartment" (1954).
Every bit previously stated, there take been many paintings sold privately for higher prices than some of those on our list. So here are listed the few works, from some of the biggest names in art history, for which the valuation at their private sale is known and that would lie betwixt number two and 1.
Rembrandt'southward "Pendant portraits of Maerten Soolmans and Oopjen Coppit" — $197 meg
Mark Rothko's "No. half dozen (Violet, Green and Red)" — $203 one thousand thousand
Gustav Klimt's "Wasserschlangen II" — 204.2 million
Jackson Pollock's "Number 17A" — $218 million
Paul Gauguin's "Nafea Faa Ipoipo (When Will You Marry?)" — $229 million
Paul Cézanne'southward "The Card Players" — $288 million
Willem de Kooning'south "Interchange" — $328 million
1. Leonardo da Vinci "Salvator Mundi" (c. 1500): $475.iv one thousand thousand
Christie's New York, November 2017
Steeped in controversy, this sale fix the art earth debark at the finish of 2017. "Salvator Mundi" not merely broke all records, just also genuinely shocked people, for its unprecedented cost tag. Due to go on display at the new Abu Dhabi Louvre last year, people are kickoff to question its whereabouts as the await for its display has been prolonged "indefinitely".
Cover image: Pablo Picasso "Les Femmes d'Alger (Version O)" 1955. Courtesy Artnews
Written by Francesca Allievi
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