GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Abstract Art

The most expensive abstract art pieces have reached record-breaking sales prices, reflecting the high demand and value placed on these unique and innovative works.

In this post, we explore the world of high-priced abstract art, where millions of dollars change hands for masterpieces that push the boundaries of creativity and abstraction. From iconic names like Kandinsky and de Kooning to lesser-known yet equally remarkable artists, the art market continues to be a fascinating realm of incredible valuations and artistic expression.

Statistic 1

"The most expensive abstract artwork ever sold at auction is Wassily Kandinsky's "Rigide et courbé" for just over $33.7 million."

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Statistic 2

"Willem de Kooning’s 1955 oil painting 'Woman III' was sold privately for $137.5 million in 2006."

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Statistic 3

"Joan Miró's 'Peinture (Etoile Bleue)' was sold at an auction for more than $37 million in 2012."

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Statistic 4

"Gerhard Richter’s 'Abstraktes Bild (599)' sold for $46.3 million at Sotheby’s in 2015."

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Statistic 5

"Francis Bacon's 'Three Studies of Lucian Freud' reached a whooping amount of $142.4 million in a public auction in 2013."

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Statistic 6

"Piet Mondrian's ‘Composition No. III, with Red, Blue, Yellow, and Black’ 1929 was sold for $50.6 million in 2015."

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Statistic 7

"Clyfford Still’s '1949-A-No. 1' fetched a shocking price of $61.68 million in a public auction in 2011."

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Statistic 8

"Kazimir Malevich 'Suprematist Composition', a seminal abstract artwork, was sold at an auction for a record-breaking price of $85.8 million in 2018."

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Statistic 9

"Jean-Michel Basquiat's untitled painting from 1982 fetched $110.5 million in 2017 at an auction."

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Statistic 10

"The painting 'Interchange' by Willem de Kooning was sold privately for $300 million in 2015, reportedly the highest price ever paid for a painting."

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Statistic 11

"The painting 'Concetto spaziale, La fine di Dio' by Lucio Fontana was auctioned off for a price of 29.2 million dollars in 2015."

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Statistic 12

"The painting 'Alpha-Partie' by Gerard Schneider, a french abstract painter, was auctioned for approximately $2.55 million in 2019."

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Statistic 13

"The painting 'Elektra' by William Gear was sold for approximately $1.9 million in 2015."

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Statistic 14

"Sigmar Polke's 'Jungle' was sold for $27.1 million in a 2017 auction at Christie's."

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Statistic 15

"The painting 'Reine de la nuit' by Wols (Alfred Otto Wolfgang Schulze) was sold for approximately $6.8 million in 2019."

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Statistic 16

"The painting 'Oppy’s Strip No. 4' by Terry Frost, was auctioned off for an astounding $439,346 in 2016."

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Statistic 17

"In 2015, 'Nr. 2' by Serge Poliakoff, the Russian-French artist known for his use of vibrant colors and abstract graphics, was auctioned off for approximately $2.29 million."

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In conclusion, the statistics presented showcase the immense value that collectors place on abstract art, with prices ranging from millions to hundreds of millions of dollars for renowned pieces by artists such as Kandinsky, de Kooning, Miró, Bacon, and Basquiat. The auction prices for these artworks reflect the high demand and appreciation for abstract expressions in the art market, with record-breaking sales continuously setting new benchmarks for the industry. The data underscores the significant financial investments made in abstract art by collectors worldwide, highlighting the enduring appeal and cultural significance of this genre in the contemporary art landscape.

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