Prices at auction for artwork in the upper echelon of the market surged in 2013. Postwar and contemporary artists, primarily American, ranked in the top spots.
New buyers from emerging-markets in Asia and the Middle East made an impact on prices along with the worldd's wealthiest individuals. The top 10 auction lots of 2013 each fetched over $45 million, raising a total $752.2 million, a 27 percent increase from 2012 and an 82 percent jump from 2011, reports Bloomberg. The highest auction total ever was achieved in a three-hour sale at Christie's that brought $692 million.
The top ten prices at auction in 2013:
1. Francis Bacon’s 1969 “Three Studies of Lucian Freud” became the most expensive work of art ever sold at auction when it fetched $142.4 million at Christie’s. It is now on loan to the Portland Art Museum.
2. Andy Warhol’s silk-screen painting “Silver Car Crash (Double Disaster)” sold for an artist auction record $105.4 million at Sotheby’s.
3, New York-based diamond cutter Isaac Wolf won a 59.6-carat pink diamond at Sotheby’s in Geneva for $83.2 million, the highest price paid ever for a gemstone at auction.
4. Jeff Koons, 58, became the priciest living artist at auction when his 10-foot tall sculpture “Balloon Dog (Orange)” brought $58.4 million at Christie’s.
5. Jackson Pollock's 1948 drip painting "Number 19" brought $58.36 at Christie's, an auction record for an Abstract Expressionist work.
6. Warhol’s 1962 painting of a Coca-Cola bottle fetched $57.3 million at Christie’s
7. Roy Lichtenstein's "Woman in a Flowered Hat" fetched $56.1 million at Christie's.
8. A 1955 bronze bust that Alberto Giacommeti created of his brother brought $50 million at Sotheby's.
9. Jean-Michel Basquiat's "Dustheads" brought $48,8 million, an artist auction record.
10. Two works tied for tenth at $46,1 million: Mark Rothko's 1957 orange canvas titled "No. 11 (Untitled)" and Norman Rockwell's "Saying Grace," depicting an older woman and a boy saying grace in a busy restaurant.