Art Market Overview: the Highest Prices in 2020

On 14 January 2021, by Agathe Albi-Gervy

Every year, Artprice ranks the most expensive artworks sold at auction. The website posted very positive results for 2020, but scales of values decreased.

Francis Bacon’s large triptych Inspired by the Oresteia of Aeschylus (1981) sold for $84.55 M in New York on June 29.

Of course Bacon, Hockney and Rothko made the list; but Claude Monet and Jeff Koons did not. The highest price obtained by an artwork at auction was $84.55 M for Francis Bacon’s large triptych Inspired by the Oresteia of Aeschylus (1981) at Sotheby’s New York on June 29. Next came Wu Bin’s nearly 11-meter-long (approx. 36ft) scroll from 1610, Views of a Lingbi Stone, which fetched $76.6 M at Poly International on October 18. Roy Lichtenstein’s emblematic Nude with Joyous Painting ranked third, selling for $46.2 M at Christie’s New York on July 10. An India ink painting by Ren Renfa ($39.5 M) came in fourth, followed by a Cy Twombly canvas ($38.7 M).

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