How Much Money Is The Mona Lisa Worth Today
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And the trophy for the most expensive art slice goes to: The Mona Lisa.
Related articles: Top 10 most expensive artworks sold in 2020 - Top five Art Books to read - 4 Most Expensive Artworks by Living Artists
Have you e'er wondered how much Leonardo da Vinci's The Mona Lisa is worth today?
The price of the earth's most famous painting - which continues to draw large crowds of visitors to the Louvre in Paris - is literally "insane". The Renaissance masterpiece is considered priceless: its cultural value is impossible to translate into a monetary value. The Mona Lisa is believed to be worth more than $850 million, taking into account aggrandizement. In 1962, information technology was insured for $100 million, property the Guinness World Record for highest ever insurance value in the art market (corresponding to $870 million in 2021).
But while this Da Vinci's masterpiece is on permanent brandish at the Louvre Museum in Paris, there is some other Da Vinci'south artwork, "Salvator Mundi" , which has instead been recently sold. In 2017, the painting was sold for $450 1000000 to the Crown Prince of Saudi Arabia Mohammed Bin Salman. Such a earth record price was settled upon at Christie's in New York, for an artwork which at present might be "locked up" in a undercover storage in Switzerland. If Salvator Mundi was bought for $450 meg, we can expect, on the open market, that the most famous painting in the world will exist worth many times more. The French authorities, advert absurdum, could resell the painting, cashing in a staggerly high amount of money. But this will not happen, because the most expensive painting in the world not simply has an invaluable status, but information technology too holds an immense "tourism value". To the French economy, the Mona Lisa is worth at least €3 billion yearly. It appears therefore fair to say that the Mona Lisa is an costive treasure that cannot be easily sold to the individual sector.
The Mona Lisa, the nearly expensive art piece in being, is therefore invaluable and will not be sold any time soon. In a similar style, it is not possible to precisely gauge the value of many other masterpieces. The value of artworks by artists now considered masters is likely to be essentially different today compared to when the pieces initially appeared on the fine art market. For instance, Van Gogh - who is known to accept sold only one painting in his lifetime, "The Red Vineyard", for 400 francs (approximately $two,000 dollars), was at the center of a private deal in 1989 and of a Christie's auction in 1990. His Portrait of Dr. Gachet (1890) was sold for $161.iv million (adjusted price in 2019). Poor Van Gogh, a main painter who died penniless!
The Mona Lisa'south unique smiling - rendered through perspective and sfumato technique - is perhaps laughing at this contemporary fine art market's speculative bubbles.
It is best therefore to focus on the value of artworks based on their past realized values at sale. Auctions, on the one manus, form the courage of the art marketplace. The prices settled upon at auctions are disclosed to the public. On the other hand, a significant amount of art deals are reached privately, with prices not systematically disclosed to the public.
Since Christie's auction in 1990, when Van Gogh's Dr. Gachet was sold, and in particular in recent years (the majority of the nigh expensive paintings sold at auctions take been sold after 2010), art market place prices have risen exponentially. Some would say the prices take inflated beyond what is appropriate for particular artworks, but with the number of Loftier Cyberspace Worth Individuals (HNWIs) rising beyond the globe, more of them turn to art as a means to spend their outrageous fortunes.
2021 Fine art Market Sales and Trends
According to the annual written report of Artprice, the contemporary fine art market has recently marked a record-breaking $ii.vii billion in sales between June 2020 and June 2021. Afterwards the dramatic shrinking in sales during the first one-half of 2020 due to Covid nineteen, the contemporary art market re-emerged stronger than always. The pandemic era profoundly facilitated non only the transition of a large role of the art sales to online auctions, giving an increase importance to purchases on online platforms, simply too a shift in the kinds and formats of artworks buyers are willing to buy. 2021 was the year of the explosion in popularity of NFTs (Non Fungible tokens): NFTs deemed for one-third of all online sales and over 2 percent of the overall art market. The 2nd nigh expensive contemporary artwork sold this yr is Beeple's NFT: "Everydays: The First 5,000 Days Beeple" (2021) that fetched $69.three 1000000. It was the first NFT always sold at Christie's. The event was a landmark: 22 million people, lx% of them under 40, logged in to witness the first public sale of an NFT. The immature age of the people involved in the issue reflects a broader tendency: more and more young collectors are shaping the art marketplace.
The highest-selling contemporary artist of 2021 is Jean-Michel Basquiat, while at the third place we discover the U.s.-based Chinese artist Chen Danqing. His painting "Shepherds" (1980) bankrupt a record for Chinese art, selling for $25.ii million at Poly Beijing Jump Auctions in June.
Looking at the broader fine art marketplace, the sale that marked the showtime major auction of the year 2021 was the Renaissance artist Sandro Botticelli'due south Beau Holding a Roundel, sold at Sotheby's New York for a tape $92.2 million. The cost accomplished by "Young Man Property a Roundel'' makes it not only 1 of the most valuable portraits of any era ever sold, but besides the second most valuable Old Master painting to e'er sell at an auction, second only to Leonardo da Vinci'south Salvator Mundi. Another of import tape was reached this November, when a self-portrait of the beloved Mexican artist Frida Kahlo, "Diego and I", was sold for $34.9 1000000 at Sotheby's sale. The auction marked an all-time high for a painting created past a Latin American artist.
If you are curious about the Fine art market'southward latest trends don't miss our article "2018's Artistic Highlights".
The Elevation 10 Near Expensive Paintings E'er Sold At Auctions
Here is a list of the 10 most expensive paintings ever sold at auctions. Many other artworks have been sold privately for more some of the prices listed here (some notable cases of private sales for which the price is known are also mentioned in the list). All simply one painting in this list were sold at either Christie'southward or Sotheby's New York. All prices are adjusted for inflation in 2020.
ten. Edvard Munch "The Scream" (1895): $135.2 million
Sotheby'due south New York, May second 2012
Munch's nearly famous cosmos, "The Scream" set a new world record when it was sold in 2012, knocking Picasso off the acme spot. It was on brandish at the British Museum in Apr 2019, with many other of Munch's works and preliminary drawings on paper.
9. Pablo Picasso "Garçon à la pipe" (1905): $142.7 meg
Sotheby'due south New York, May 2004.
"Garçon à la pipe" is an oil painting depicting a Parisian boy who holds a piping and wears a garland, surrounded by blossom decorations. Information technology is the 5th most expensive painting by Picasso. The painting is a masterpiece, yet its auction for such a high price sparked controversy in the fine art world. Art critics consider it as a "pocket-size painting" of Picasso, all the same it is a compelling artwork that is able to convey the immortal adolescent beauty.
eight. Qi Baishi "Twelve Landscape Screens" (1925): $148.7 meg
Beijing Poly Auction, Dec 2017
This painting is unique on our listing: it is the only painting that was non sold by either Christie'due south or Sotheby's also equally the just one that was not sold in New York. "Twelve Landscape Screens", a drove of ink landscapes, set a new tape for the near expensive piece of Chinese art sold at auctions worldwide. This is further proof of the growing wealth and influence of the Asian market.
Read more nigh Chinese and Japanese landscape painting.
vii. Pierre-Auguste Renoir "Bal du moulin de la Galette" (1876): $154.7 million
Sotheby's New York, May 1990
The painting is a smaller version of the identical picture show exhibited at the Musèe d'Orsay in Paris. At the time of its sale it was 1 of the two most expensive artworks ever sold. It was purchased by Ryoei Saito, an honorary chairman of a paper factory in Japan. In 1991, Saito caused an international outrage when he declared that he wanted to cremate the painting with him when he died. Afterward the severe financial difficulties of his visitor, the painting is believed to exist in the (much safer) hands of a Swiss collector.
vi. Francis Bacon "Three Studies of Lucian Freud" (1969): $158.ii million
Christie'southward New York, November 2013
"Three Studies of Lucian Freud" is some other artwork that recently soared directly to the elevation of the nigh expensive list. The boggling value of this slice comes not but from Francis Bacon's ain slap-up reputation, but also from its bully ability to capture his relationship with the subject field: his great friend Lucian Freud.
5. Amedeo Modigliani "Nu couché (sur le côté gauche)" (1917): $162 million
Sotheby's New York, May 2018
Not to be confused with "No couché" (1917/18), which lies in third place in this very list, "Nu couché (sur le côté gauche)" is part of a series of nudes. It is the largest Modigliani's piece of work, portraying a reclining female nude. The painting was exhibited in Modigliani'due south first and simply solo prove in Paris at the Galerie Berthe Weill. The show caused a huge scandal and the constabulary were called to shut down the evidence. "Nu couché (sur le côté gauche)" was bought by Ezra and David Nahmad.
four. Van Gogh "Portrait of Dr. Gachet" (1890): $163.4 1000000
Christie's New York, May 1990
Despite arguments over its authenticity, 1 of the most revered paintings past the Dutch artist Van Gogh depicts Dr. Paul Gachet, who took care of the artist during the terminal months of his life. Pitiful but gentle, clear and intelligent, the doctor'southward melancholic face up carries "the heartbroken expression of our time".
3. Amedeo Modigliani "Nu Couché" (1917/eighteen): $186.one million
Christie'due south New York, November 2015
Some other Modigliani'southward painting from his famous series of nudes was awarded third place. The cost set up a world record for a Modigliani's nude. This painting was bought by a Chinese couple, Liu Yiqian and Wang Wei, for their private Museum in Shanghai. Fun fact: it is believed that the painting was bought by the couple using a credit carte. Its sale reaffirmed the importance of nude as a discipline matter of modernist artworks.
two. Pablo Picasso "Les Femmes d'Alger (Version O)" (1955): $195.8 million
Christie's New York, May 2015
As one might take been expected, one of the most expensive paintings e'er sold in an auction was created by Picasso. His "Les Femmes d'Alger" was sold in 2015 setting the world-record price for an artwork at the time. It was bought by the former Qatari prime minister Hamad bin Jassim bin Jaber Al Thani. The painting, Version O, is the concluding painting of a series that Picasso created as a tribute to Eugène Delacroix, an creative person that he greatly admired. In particular, it is inspired by Delacroix's "The Women of Algiers in their Apartment" (1954).
As previously stated, there have been many paintings sold privately for higher prices than some of those on our list. So here are listed the few works, from some of the biggest names in art history, for which the valuation at their individual auction is known and that would lie between number ii and 1.
Rembrandt's "Pendant portraits of Maerten Soolmans and Oopjen Coppit" — $197 one thousand thousand
Mark Rothko'south "No. 6 (Violet, Light-green and Red)" — $203 million
Gustav Klimt'southward "Wasserschlangen Ii" — 204.two one thousand thousand
Jackson Pollock'due south "Number 17A" — $218 1000000
Paul Gauguin's "Nafea Faa Ipoipo (When Will Yous Marry?)" — $229 1000000
Paul Cézanne's "The Card Players" — $288 1000000
Willem de Kooning'south "Interchange" — $328 million
1. Leonardo da Vinci "Salvator Mundi" (c. 1500): $475.four one thousand thousand
Christie'due south New York, November 2017
Steeped in controversy, this sale set the art world alight at the end of 2017. "Salvator Mundi" non only broke all records, but also genuinely shocked people, for its unprecedented price tag. Due to get on display at the new Abu Dhabi Louvre final year, people are first to question its whereabouts as the wait for its display has been prolonged "indefinitely".
Comprehend epitome: Pablo Picasso "Les Femmes d'Alger (Version O)" 1955. Courtesy Artnews
Written past Francesca Allievi
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Source: https://www.kooness.com/posts/magazine/most-expensive-paintings-ever-sold-here-are-the-top-10
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