At Christies auction house in New York a painting by Francis Bacon was recently sold for $142.4 million, Three Studies of Lucian Freud now holds the record for the most expensive artwork sold at auction. It beat the record that was set last year by Edvard Munchs The Scream at Sothebys auction house for $119.9 million. The recent sale at Christies auction house had 69 works of art to sell and only six of those did not sell. They also had a total sale of $691.5 million which beat the record of $495 million that Christies set in May. The $691.5 million sale made this auction the most expensive auction ever. And 10 world record prices were reached for different artists. Another artist that broke a record was Jeff Koons whose sculpture Ballon Dog (Orange) sold for $58.4 million which is a record for the highest priced artwork sold at auction for a living artist. Another piece of art that sold for a lot of money was Andy Warhols Coca Cola (3) which sold for $57.2 million, Mark Rothkos No 11(Untitled) sold for $46 million, and Christopher Wools Apocalypse Now sold for $26.4 million, all of these painting sold for more or nearly more than they were estimated to sell for. The rise in the amount of money people are willing to pay for artwork can possibly be attributed to the fact that people want historical art by important artists because they want something they think is valuable. Records for the most expensive paintings will most likely keep getting broken as more artworks are sold and more people want to buy important and valuable art.
Francis Bacon, Three Studies of Lucian Freud, 1969
Mark Rothko, No. 11 (Untitled), 1957
Jeff Koon, Balloon Dog (Orange), 1994
Andy Warhol, Coca Cola (3), 1962
Edvard Munch, The Scream, 1895
Christopher Wool, Apocalypse Now, 1988
No comments:
Post a Comment