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Art Market Overview : Works Worth Over $100 M

On 28 May 2021, by Vanessa Schmitz-Grucker

A Pablo Picasso painting narrowly passed the $100 M mark when Femme assise près d'une fenêtre (Marie-Thérèse) (Woman Sitting by a Window (Marie-Thérèse)) fetched $103.4 M at Christie's, New York, on May 7, almost doubling its estimate ($55 M).

Art Market Overview : Works Worth Over $100 M
The highest ever world record is still held by Da Vinci's Salvator Mundi ($450 M). 
@ Wikimedia 

This is the fifth painting by the Spanish painter to go above this threshold when only 18 artworks in total have topped $100 million in the history of the art market at public auction. Picasso's record was set in May 2015, when Femmes d'Alger (Women of Algiers) fetched $179.4 M at Christie's, New York. Significantly, the contemporary segment is becoming less of a minority: while the highest ever world record is still held by Da Vinci's Salvator Mundi ($450 M), most of the 18 works date from the 20th century and several from its second half. This is the case with De Kooning ($300 M), Pollock ($165 M), and Basquiat ($110.5 M).

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