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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 (£23.7 million in 2024 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]
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.
Art sales slow in downturns resulting in the market becoming more illiquid. There is a greater degree of liquidity risk facing the art investor than with other financial assets because there is a limited pool of potential buyers, and with artworks not reaching their reserve prices and not being sold, this has an effect on the auction prices. [11]
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 ($159 million in 2024 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 ...
MutualArt.com is an art information website that provides auction prices, personalized updates and data on a number of artists. [1] MutualArt.com also includes an online art appraisals service. [2] Premium Members have access to the site's Art Market Analysis. [3]
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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 BrâncuČ™i's Bird in Space broke records when it sold for $27.5 million.
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