Written by Simran Birk
It is an ironic statement, priceless art; when in fact most Van Gogh’s or Picasso's pieces are sold in the millions. So how can be art be referred as priceless if there is often a selling price. The idea that famous works of art are considered priceless, is the result of the inflating value of the artwork overtime. When a museum or private buyer acquire the infamous artworks of Warhol or Da Vinci, there is no reason to sell the work for it will always be considered valuable. With time, these pieces will be worth more than what was invested. Therefore, essentially they are considered priceless due to its exponentially increasing worth.
What classifies a ‘priceless’ work of art. The title of the most expensive artwork is shared between, Willem de Kooning, Interchange and Paul Gauguin Nafea Faa Ipoipo (When Will You Marry?). Each were purchased at 303 million and now inhabit a museum or the collections of private buyer.
Paul Cézanne, The Card Players is the third most expensive piece of art. It was sold at a 256 million to the Royal Family of Qatar. The fourth most expensive piece of art sold is Jackson Pollock, Number 17A which sold at 202 million to a private buyer.
Finally, the fifth most expensive piece of artwork ever sold is No. 6 (Violet, Green and Red) by Mark Rothko. It was purchased by Dmitry Rybolovlev in a private sale for 188 million.
The value of art is a subjective matter; as cliché as it sounds, one mans garbage is another’s treasure. It is believed that Van Gogh had only sold one painting in his whole life; however, he is now considered a prominent figure in the world of art and his work is worth millions. This demonstrates that the value of art is ever changing. However, it is evident that the most valuable art is one whose intensity and expression has the power to impact the emotions of another. That is truly priceless art.