Expensive Art sales sets the high-end art market abuzz in 2013

For centuries, the world of art and money has always been closely associated. Contrary to all the earlier sayings that in the gloomy days of recessions the high-end art works will not fetch significant prices, the world’s top art collectors like Steven. A. Cohen, Carlos Slim Helu, Francois Pinault, and Bernard Arnault, went onto splash out multi-million dollars to grab the ultra-expensive, precious art work to grace their eclectic art collections. This becomes very much apparent from the notable art auctions around the world in 2012, where the famous works of the renowned artists like Pablo Picasso, Edward Munch, to name a very few, fetched record prices and renowned auction houses like Christie’s and Sotheby’s managed to sell art worth multi-billions. And again in year 2013, the wealthy patrons and avid art collectors who have been the life-blood of the art world for centuries, has set the high-end art market abuzz with the sale of Picasso’s iconic portrait of his ‘Golden Muse’ Marie-Thérèse Walter for $45 million, Modigliani portrait for $42 million, Madonna by Bartolommeo for almost $13 million, and the Berthe Morisot’s Apres le dejeuner for $11 million to raise the world auction record for a female artist.

1). Picasso’s iconic portrait of his ‘Golden Muse’ Marie-Thérèse Walter

Sold for: $45 million

Auctioneer: Sotheby’s Impressionist and Modern Art Evening Sale

2). Portrait of Jeanne Hebuterne painted by Italian artist Amedeo Modigliani

Sold for: 42 million

Auctioneer: Christie’s Impressionist, Modern and Surrealist sale in London

3). Madonna and Child by Bartolommeo

Sold for: $13 million

Auctioneer: Christie’s Old Masters Week in New York

4). Berthe Morisot’s Apres le dejeuner

Sold for: $11m

Auctioneer: Christie’s Impressionist, Modern Art Evening Sale in London

Notably, this 1881 work Berthe Morisot’s Apres le dejeuner has set a new world record for being the most expensive female artwork sold at public auction by narrowly beating the previous record of $10.9 million, set by Natalia Goncarova’s circa 1912 work Les Fleurs.