Did you ever think $48.4 million would sound like a small number?
Back in August, a record price of $48.4 million was paid for a collector car sold at public auction. The car was a 1962 Ferrari 250 GTO and the sale was RM Sotheby’s in Monterey, California.
For the record, the previous record for a collector car at public auction was $38.115 million in 2014 for another 250 GTO, this one selling at Bonhams at The Quail in Carmel, California.
But where, you might wonder, does that $48.4 million purchase rank among other collectibles sold at auctions? This week, artnet.com published just such a list.
“The value of art often feels like an impossible thing to measure,” the artcentric website reported. “But the auction business has consistently shown us that everything has a price — and then, a few years later, often an even higher one. So what makes a work of art command millions, or even hundreds of millions?”
Here is the list of most-expensive things purchased at auction, what they sold for, where and when they sold and, in some cases, a comment:
Work of art — Salvator Mundi by Leonardo da Vinci, $450.3 million, Christie’s sale in New York City in November 2017
Sculpture — L’homme au doigt by Alberto Giacometti, $141.3 million, Christie’s New York in May 2015
Work by a living artist — Portrait of an Artist (Pool with Two Figures) by David Hockney, $90.3 million, Christie’s New York in November 2018
Diamond — The CTF Pink Star (59.6 carat), $71.2 million, Sotheby’s Hong Kong, April 2017
Car — 1962 Ferrari 250 GTO, $48.4 million, RM Sotheby’s Monterey, August 2018
Work by a female artist — Jimson Weed/White Flower No. 1 by Georgia O’Keeffe, $44.4 million, Sotheby’s New York, November 2014
Pearl — Marie-Antoniette’s Pendant, $36 million, Sotheby’s Geneva, November 2018
Bowers, January 2013
Stamp — British Guiana One-Cent Magenta, $9.48 million, Sotheby’s New York, June 2014
Celebrity clothing — Marilyn Monroe’s ‘Subway Dress’ from The Seven Year Itch, $5.5 million, Profiles in History auction at Beverly Hills, June 2011
Photograph — Rhine II by Andreas Gursky, $4.34 million, Christie’s New York, November 2011
Space artifact — Soviet Vostok 3KA-2 Space Capsule, $2.9 million, Sotheby’s New York, April 2011
Bottle of wine — 1945 Romanee Conti, $558,000, Sotheby’s New York, October 2018 (two botttles of the ’45 vintage sold at the auction — one brought $558,000 and the other $496,000)
Movie poster — Dracula (1931 staring Bela Lugosi), $525,800, Heritage Auctions, Texas, November 2017
Barbie doll — Stefani Canturi Barbie, $302,000, Christie’s New York, October 2010 (Doll was custom designed by jeweler Stefani Canturi and was wearing a 1-carat pink diamond necklace surrounded by 3 carats of white diamonds)2 comments