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
Alec Atkinson

Alec Atkinson – Founder of Harvest React

Alec Atkinson, founder HarvestReact. HarvestReact was founded in June of 2021. The company, geared in the a social media marketing realm, helps individuals setup drop shipping stores in the e-commerce realm. Prior to founding HarvestReact, Alec served as a missionary for The Church of Jesus Christ of Latter-day Saints. Alec is also a student at…

Steph Curry with Alan Olsen, CPA

Steph Curry: Undeniable Greatness in 3 Takes

Having met Steph Curry in person, I think I can offer an opinion which might make sense to some.  Namely, very few NBA players are undeniable great.  If you ask any 10 highly informed NBA aficionados to list the top 10 greatest players of all time, you’ll get at least 25 different lists.  It’s impossible…

Giacomo Marini

Giacomo Marini – The Man Who Builds Tech Giants

Giacomo Marini, the cofounder of Logitech, a Silicon Valley-based entrepreneur and investor with extensive hands-on management experience in starting and growing new businesses, identifying, and leveraging emerging technologies, developing, and growing great management teams capable of operating on a global level. Marini has been Chairman and CEO of Noventi Ventures, a Silicon Valley-based technology investment…

Goodbye 2021

Goodbye 2021, Hello 2022!

Goodbye 2021, hello 2022, finally! Here’s a brief review of our 2021; goals for 2022 to follow shortly.  In so many ways we are glad 2021 is behind us. It was a very difficult year for many businesses and individuals; too many had businesses closed, experienced hardships and lives were shattered and lost.  Our heartfelt…