Top 10 Most Expensive Pieces of Art Sold in 2016

art

 

What makes a piece of art truly great? For some it’s the artist and for others it’s the piece itself. Still, for others it’s a combination of the two. It is difficult to put a finger on what makes something truly artistic, as well as determining a piece of art’s true value. After all, beauty and value are very subjective in the art world. However, the following paintings have definitely found beauty (and value) in the eyes of their beholders.

No. 10 – Kerry James Marshall- Plunge (1992) – $2.1 million

Plunge by Kerry James Marshall kicks off the list. This acrylic and paper collage on canvas is symbolic of the slave trade era. It garnered just north of $2 million at Christie’s.

No. 9 – Frida Kahlo – Two Nudes In A Forest (1939) – $8 million

This piece has seen a huge increase in value over the past two decades as twentieth century female artists have grown in popularity. While it once sold for $150,000 in 1989, this painting just fetched $8 million in 2016.

No. 8 – Richard Prince – Runaway Nurse (2006) – $9.7 million

This painting sold for just $6.8 million five years ago, but it has increased in value by nearly $3 million over that time period. Purchased for $9.7 million in 2016 by Yusaku Maezawa, this contemporary piece from 2006 is part of Richard Prince’s “Nurse” series and has earned a lot of attention from both those in and outside of the art world.

No. 7 – Sam Francis – Summer #1 (1957) – $10.4 million

Sam Francis has seen several of his pieces increase in value in the last few years, including this postwar/contemporary piece from 1957.

No. 6 – Agnes Martin – Orange Grove (1965) – $10.7 million

Perhaps the buyer of this painting loves oranges. It was expected to garner about $6-$8 million at auction but ended up fetching close to $11 million.

No. 5 – Claude Monet – Le bassin aux nympheas (1919) – $27 million

While most of Monet’s pieces are actually housed in museums, this one went on the block this year and fetched $27 million at auction.

No. 4 – Mark Rothko – No. 17 (1957) – $32.6 million

Coming in at number four is this symbolic postwar piece by Mark Rothko, which sold for more than $32 million at Christie’s earlier this year.

No. 3 – Jean-Michel Basquiat – Untitled (1982) – $57.2 million

This contemporary piece from 1982 is one of the top attractions in the neo- expressionist art genre, and it continues to increase in value. Twelve years ago it sold for just $4.5 million. But just like Runaway Nurse, it was purchased by Yusaku Maezawa for more than $57 million.

No. 2 – Peter Paul Rubens – Lot and His Daughters (1613-14) – $58 million

This is the second most expensive Rubens painting ever, trailing only his “Master of the Innocents.” This is an extremely old painting as well as extremely valuable.

No. 1 – Pablo Picasso – Femme Assise (1909) – $63.4 million

Picasso is not for everyone, but there’s no doubt his paintings have fetched some of the highest amounts of money in the world, including in 2016, which saw his Femme Assise sale for just over $63 million. Much of the value comes from this painting being credited with introducing a new form of art. And of course, it’s a Picasso.

You also might like the article Art as an Investment

Follow GROCO on Facebook

Posted in
Saving Lives Through Glycoproteomics, Aldo Carrascoso

Serial Entrepreneur | Aldo Carrascoso

  About Aldo Carrascoso Aldo Carrascosois the Founder and COO / CTO of Veem, a company that utilizes Blockchain to allow individuals to make cross border payments in local currencies. The company was conceptualized by Aldo when learned that individuals making cross border payments were having to pay up to 25% of the transfer amount…

Gerald Carroll

Turning Tragedy into Positive Experiences | Gerald Carroll

  About Gerald Carroll Gerald Carroll is a partner with Burnham Brown law firm in their Oakland office. He specializes in Construction and Professional Liability Law. Prior to coming to Burnham Brown, Jerry along with his partner ran their own law practice, Hartman and Carroll for 20 years. Jerry graduated with honors in English from…

Jackie Ammon; Why Startups Need Legal Counsel | Jackie Ammon

Why Startups Need Legal Counsel | Jackie Ammon

  About Jackie Ammon Jackie Ammon is a senior associate who focuses her practice on corporate matters at WilmerHale. Prior to joining WilmerHale, Ms. Ammon was a judicial extern for the Honorable Frederick F. Mumm of the US District Court for the Central District of California. In that role, she wrote Report and Recommendation for…

Joel Peterson

The 10 Laws of Trust | Joel Peterson

About Joel Peterson Joel Peterson is Chairman of JetBlue and a consulting Professor at the Stanford Graduate School of Business. Together along with David Kaplan he authored The 10 Laws of Trust, a business leadership book about building high-trust organizations. Mr. Peterson is the former managing partner of Trammel Crow, one of the top leading…