This masterpieces sure come with a hefty price tag. But what is a few millions for the pleasure to see one of these works hanging on your wall? At least that is what their buyers think. Plus, these paintings are a good investment and can be resold for even more millions. Here are the 6 most expensive paintings in the world.
6. Water Serpents II by Gustav Klimt. $183.8 million
Water Serpents II has had its fair share of controversies.
Gustav Klimt painted the Serpents between 1903 and 1907. And it went to the art collection of Judy Steiner, who was a regular patron of the Austrian master.
Water Serpents and a Nazi controversy
When the Nazis invaded Austria in 1938, Judy Steiner, who was Jewish, fled the country and sought asylum in Portugal. Her art collection was seized by the Nazis, who were confiscating all the Klimts they could find.
The painting ended up in the hands of Nazi propagandist and filmmaker Gustav Ucicky. And when he died in 1961, his collection went to his widow, Ursula.
In 1998, 44 nations reunited to deal with the issue of Nazi looted art and how to restitute it. They appointed a commission, which made a list of the stolen art. Water Serpents II was on the list along with several other pieces owned by Ursula. Her collection came under fire.
Water Serpents’ happy ending
In 2013 the two quarreling parties, Ursula Ucicky and the heirs of Judy Steiner, reached an agreement about the Serpents. Jointly, they sold it to Princess Sheikha Mayassa Al Thani of Qatar for $183.8 million. A hefty sum that earns the Serpents the title of sixth most expensive painting in the world.
5. Number 17A by Jackson Pollock. $200 million
Jackson Pollock was at the height of his career when he painted Number 17A. It was 1948, and the artist was going through his ‘dripping period,’ nicknamed so because of the technique Pollock used to create his art.
At the time, the thirty-something-year-old was being called one of the greatest painters of the United States, and his works were in high demand.
Geffen and Griffin buy the painting
Number 17A ended up in David Geffen’s collection. In 2015 the Geffen Foundation sold the painting to Kenneth Griffin for $200 million dollars.
Kenneth Griffin’s love for art is well known. His art collection is valued in $2.6 billion. And he serves in the board of trustees of several museums, including the Art Institute of Chicago. And Griffin has loaned this masterpiece to the Art Institute so it can be on public display.
4. When will you marry? by Paul Gauguin. $210 million
Paul Gauguin may not have had success while he was alive, but his paintings have done rather well since then.
The French painter traveled to Tahiti for the first time in 1891, looking for a paradise to inspire his art.
Two years later he was back in Paris and he exhibited his work, including this painting, in Durand Ruel’s gallery.
The painting, baptized “When will you marry?” had a price tag of 1,500 francs, quite a sum at the time, and it did not sell.
Some years later the piece made its way to the collection of Rudolf Staechelin, a Swiss that was friends with artists and that bought 20 impressionist and post-impressionist paintings in the years of the First World War.
An offer too good to resist
The Swiss kept the paintings in his family. And after his death in 1946, his heirs lent them to the Kunstmuseum of Basel and the Musée d’Art et d’Histoire of Geneve, where the paintings had been hanging all this time.
However, a few years back, Ruedi Staechelin, Rudolph’s grandson, received an offer too good to resist: the Emir of Qatar was willing to pay $210 million for Gauguin’s When will you marry? The painting was sold to the Emir in 2014.
3. The Card Players by Paul Cezanne. $250 million
Four of the paintings hang from the walls of museums such as the Musée d’Orsay in Paris and the Metropolitan Museum of Art of New York, yet one of them made its way to a private collection, that of George Embiricos.
Embiricos was a shipping magnate with an eye for high quality art. When he died in 2001, his family sold many of his paintings. The Card Players was sold in a private transaction so nobody knew for certain who had been the buyer. Insiders believed it had been the Royal Family of Qatar and that they had payed between 250 and 300 million dollars for it.
2. Interchange by Willem de Kooning. $300 million
Dutch artist Willem de Kooning painted Interchange in 1955, and that same year he sold it to U.S. architect Edgar Kauffman Jr. for about $3,000.
When Kauffman died more than thirty years later, the painting was auctioned along with the rest of his state. Japanese firm Mountain Tortoise seized the opportunity and bought Interchange for $20.7 million. Soon, though, they sold it to U.S. producer David Geffen, who was building an impressive collection of modern art.
In 2015 the Geffen Foundation sold Interchange for $300 million to its current owner Kenneth Griffin, the same collector that bought Number 17A, the painting in number 5 of this list, from Geffen.
Griffin lent Interchange to the Art Institute of Chicago, so it is currently on public display.
Griffin, a hedge fund manager, is known for his support of the arts: he has donated $40 million to the Museum of Modern Art (MoMA), $19 million to the Art Institute of Chicago, $20 million to the Norton Museum of Art in West Palm Beach, and $10 million to the Museum of Contemporary Art of Chicago.
1. Salvator Mundi. Attributed to Leonardo da Vinci. $450 million
Plenty of controversy has surrounded this sale. But unlike Klimt’s Water Serpents they have nothing to do with ownership, and have more to do with authenticity issues.
Leonardo da Vinci finished less than 20 paintings during his lifetime and The Salvator Mundi was one of them.
He painted the Salvator in c. 1500, probably for Louis XII, king of France. In 1625 the painting was in the collection of Charles I of England. And then it disappeared from history, although many copies remained.
In 2005 an auction house of Louisiana, U.S., was selling a small painting on their website. Two art dealers thought it might have some value and bought it for $1,175. The painting was quite damaged and went through a lengthy restoration.
The Salvator Mundi under the microscope
Since then, specialists of institutions as reputable as the Metropolitan Museum of Art of New York and the National Gallery of London have analyzed the work. The general consensus is that this Salvator Mundi does date to the 16th century, and that it does comes from Leonardo’s workshop. But most experts believe it is the work of one of Leonardo’s pupils, probably Boltraffio or Luini, not of Leonardo himself. The master might have helped with some parts.
Who did most of the painting matters. A finished painting by one of his pupils goes for $600,000 or less, while a simple drawing by Leonardo’s hand can sell for $11 million.
There are also concerns about the heavy restoration that The Salvator underwent.
The Slavator Mundi, from celebrity to secrecy
The National Gallery was sure enough of its authenticity to exhibit it along other Leonardos in 2011. And two years later Russian magnate Dmitry Rybolovlev bought it for $127,5 million. In 2017, he sold it to the Department of Culture and Tourism of Abu Dhabi for $450 million.
The Salvator was supposed to go on display at the Louvre of Abu Dhabi last September, but the unveiling was postponed. The Louvre of Paris has also asked to loan the painting, but the owners have yet to respond. Some believe the secrecy around the painting means that the owner, probably Prince Mohammed bin Salman, doubts its authenticity –it would not be the first copy of the Salvator thought to be the original. Then again, maybe the buyer is just enjoying his masterpiece and does not want to part with it just yet.