5 actively traded living artists
The art market is a thriving and mature one, so much so that today, art is very much traded like shares or coal. Provided, of course, that you are hugely famous and talented. Here are the 5 most actively traded and collectible living artists in recent years.
5. Fan Zeng (b. 1964)
An artist of traditional Chinese ink painter, Fan Zeng is one of the youngest artists in the most collectible living artists list. Described as being “one of the most significant variations on the classical themes of the Chinese civilization”, his art sold for a value of US$173,356,128 between 2011 and 2014.
4. Christopher Wool (b. 1955)
Best known for his paintings of large, black, stenciled letters on white canvases, Christopher Wool exploded onto the art scene in the late 80s. Between that time and the early 2000s Wool’s works were the most sought-after pieces on the art market. In November 2013, art dealer Christophe van de Weghe bought Apocalypse Now (1988) for US$26.4 million on behalf of a client. Wool’s sold art totaled a value of US$178,097,452 between 2011 and 2014.
3. Zeng Fanzhi (b. 1964)
Marked by their emotional directness, the intuitive, Beijing-based artist is one of Asia’s most financially successful artists. In May, 2008, he set a world auction record when one of his contemporary Chinese art pieces Mask Series 1996 No. 6 was sold for $9.6 million in Hong Kong, the highest for any art piece in this category. His sold art totaled a value of US$226,096,170 between 2011 and 2014.
2. Jeff Koons (b. 1955)
An American artist known for his reproduction of banal objects, Koon’s work has always divided critics. On November 12, 2013, Koons’s Balloon Dog (Orange) sold at Christie’s Post-War and Contemporary Art Evening Sale in New York City for $58.4 million, becoming the most expensive work by a living artist sold at auction. His sold art totaled a value of US$284,411,986 between 2011 and 2014.
1. Gerhard Richter (b. 1932)
A German visual artist who produces both abstract and photorealistic paintings, Richter is one of the most successful artists in history. His 1968 piece Domplatz, Mailand (Cathedral square, Milan) was sold for $37.1 million in New York, the auction record price for a painting by a living artist. When asked about amounts like that, Richter said “It’s just as absurd as the banking crisis. It’s impossible to understand and it’s daft!” His sold works totaled a value of US$858,889,233 between 2011 and 2014.
January 11, 2018
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