The Most Costly Works Bought at Public sale in 2023

In 2020 solely 2 of the ten most costly artworks bought at public sale went for costs exceeding $50 million. Then, the following yr, pushed partly by the sale of artworks from the gathering of the divorced Harry and Linda Macklowe, all the highest 10 heaps surpassed the $50 million mark. In 2022, the bar rose as soon as once more: the least costly piece within the prime 10, a piece by René Magritte, took in $79.8 million.

Now, that bar has lowered, with a major drop within the costs of the most costly works bought at public sale in 2023.

Evaluate this yr’s tenth most costly work to that of 2022. Henri Rousseau’s Les Flamants (1910) bought this previous Could for $43.5 million, setting a brand new public sale document for him. That’s a little bit greater than half the worth of the Magritte bought in 2022.

Indicators of a downturn are evident in different methods too. This yr, 4 of the works that generated the yr’s prime 10 costs total went for below $50 million—many fewer than final yr. Then, think about the most costly work bought at public sale: a Picasso portray that took in $139 million. In 2022, an Andy Warhol “Marilyn” bought for $195 million. That’s a 29 p.c distinction.

The entire figures for the highest 10 heaps exhibit an analogous loss—$660 million in 2023 versus $1.1 billion in 2022.

Under, a take a look at essentially the most priceless heaps bought at public sale in 2023.


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