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This sale tripled the previous record, and introduced a new era in top art sales. Before this, the highest absolute price paid for a painting was £8.1 million (£22.9 million in 2023 currency) paid by the J. Paul Getty Museum for Andrea Mantegna's Adoration of the Magi at Christie's in London on 18 April 1985. [5]
Marshall & Chisti, An Exploration of the Relationships of Physical Features of Art Works to Art Valuations and Selling Prices in Fundraising, Society of Business, Industry and Economics, Proceedings 2006, p. 81. Ackerman, Martin S., The Economics of Tax Policies Affecting Visual Art, Journal of Arts Management and Law, 15:3 1985, pp. 61–71.
The highest known price paid for an artwork by a living artist was for Jasper Johns's 1958 painting Flag. Its 2010 private sale price was estimated to be about US$110 million ($154 million in 2023 dollars). All-time This is a list of highest prices ever paid—at auction or private sale—for an artwork by an artist living at time of sale. Adjusted price (in millions of USD) Original price (in ...
Giacometti's L'Homme qui marche I had previously achieved the highest price of any sculpture when it was auctioned by Sotheby's in February 2010. Selling for US$104.3 million, it ranks amongst the most valuable works of art. [2] In 2005, Constantin Brâncuși's Bird in Space broke records when it sold for $27.5 million.
Artprice Images allows unlimited access to a worldwide collection of artworks, counting over 108 million images constantly updated from various auction houses. The company continuously publishes trends in relation to the art market for major art agencies as well as 6300 newspapers worldwide through its press agency, Art Market Insight.
An art auction at Christie's. The art market is the marketplace of buyers and sellers trading in commodities, services, and works of art.. The art market operates in an economic model that considers more than supply and demand; it is a market where art is bought and sold for values based not only on a work's perceived cultural value, but on both its past monetary value as well as its predicted ...