I believe that art is one of the best ways of investing your money. I currently can only afford buying work from small independent artists, but if you have the cash, I would recommend spending it on a promising emerging artist.
Not sure? Well, have a look at the most expensive works of art.
Edvard Munch’s The Scream has become the most expensive painting sold at an auction. It was sold for $119,922,500 at Sotheby’s Sales on 2 May 2012. This work of art is one of the four versions of The Scream (tempera on cardboard, pastel on cardboard, tempera on cardboard and crayon on cardboard) and the only one that is privately owned.
Picasso’s pieces have reached incredible prices at some of the most famous art auctions, but his painting ‘Nude, Green Leaves and Bust’ held the record for the most expensive work of art until a week ago when The Scream was sold. Picasso’s painting was sold for $106,482,500 two years ago at Christie’s in New York.
Although paintings are the most popular pieces at art auctions, sculptures such as ‘L’homme qui Marche I’ have been sold for record prices. Alberto Giacometti’s work of art reached £65,001,250 at Sotheby’s in London 12 January 2010.
Jeff Koons holds the current world record for selling the most expensive piece by a living artist. The American artist sold one of his five ‘Hanging Heart’ pieces for $23.6 million in November 2007 at Sotheby’s New York.
Before his death in July 2011, Lucian Freud held that record with ‘Benefits Supervisor Sleeping’, sold for $33 million just a few months after Koons’ ‘Hanging Heart’ was sold.
Andreas Gursky and Cindy Sherman
Although photographs aren’t usually sold for the same money as paintings or sculptures, photographers Andreas Gursky and Cindy Sherman have several of their works on the list of the most expensive photographs.
Andreas Gursky’s ‘Rhein II’ sold for $4,338,599 in November 2011 at Christie’s New York and Cindy Sherman’s ‘Untitled #96’ sold for $3,980,600 in May 2011 at Christie’s New York as well.
If you had the money, which work of art would you like to buy? Let us know in the comments section below!