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Here Are the 15 Most Expensive Artworks Sold at Auction Around the World in May 2022
Here are the results from a multibillion-dollar bonanza of art auctions in May 2022.
Here are the results from a multibillion-dollar bonanza of art auctions in May 2022.
Caroline Goldstein ShareShare This Article
The stock and crypto markets went into free fall last month and a recession is looming. But none of that seemed to hinder the multibillion-dollar auction sales in New York last month. In total, the Big Three houses generated a heart-stopping $2.8 billion, more than any other season to date (not accounting for inflation).
To kick off the buying bonanza, Andy Warhol’s 1964 portrait of Marilyn Monroe fetched $195 million, the second-highest result for a work at auction (no matter that it fell short of its $200 million estimate). After months of hype that included a breathless press conference and a projection of the painting onto the side of Rockefeller Center, the work was bought by none other than Larry Gagosian—the very same man who sold it to owner Thomas Ammann in 1986. (It is unclear if Gagosian bought the trophy lot for himself or, more likely, for a client.)
Christie’s was the clear winner when it came to earnings, bringing in $1.25 billion from four evening sales that included the Ammann Collection and the estate of Anne Bass. Sotheby’s netted $937.9 million, bolstered by the second chapter of Harry and Linda Macklowe’s collection. Meanwhile, Phillips delivered $224.9 million, thanks in large part to the sale of Yusaku Maezawa’s 1928 Basquiat, which achieved the second-highest price of the month.
The names on the following list are unsurprisingly blue-chip, with most falling within their presale estimates. Among them is Picasso’s depiction of Marie-Thérèse Walter as a sea creature, consigned by mega-collector Steve Cohen, which fetched $67.5 million.
Perhaps the one surprise here is the remarkable sale of Emanuel Leutze’s rendition of Washington Crossing the Delaware, a smaller version of the painting that holds court in the Metropolitan Museum of Art. It fetched a startling $45 million, more than twice its $20 million high estimate.
Below, see the full list of the top artworks sold at auction in May 2022.
Estimate: $200 million
Final Price: $195,040,000
When & Where: Christie’s New York, May 9, 2022
Estimate: Undisclosed (in the region of $70 million)
Final Price: $85 million
When & Where: Phillips New York, May 18, 2022
Estimate: $40 million to $60 million
Final Price: $75,960,000
When & Where: Christie’s New York, May 12, 2022
Estimate: Undisclosed (in the region of $60 million)
Final Price: $67,541,000
When & Where: Sotheby’s New York, May 17, 2022
Estimate: $60 million to $80 million
Final Price: $66,800,000
When & Where: Christie’s New York, May 12, 2022
Estimate: Undisclosed (in the region of $50 million)
Final Price: $56,625,500
When & Where: Christie’s New York, May 12, 2022
Estimate: $35 million to $55 million
Final Price: $56,495,000
When & Where: Christie’s New York, May 12, 2022
Estimate: Undisclosed ($45 million)
Final Price: $54,205,000
When & Where: Christie’s New York, May 12, 2022
Estimate: Undisclosed ($45 million)
Final Price: $51,915,000
When & Where: Christie’s New York, May 12, 2022
Estimate: $45 million to $65 million
Final Price: $49,625,000
When & Where: Christie’s New York, May 12, 2022
Estimate: Undisclosed ($30 million)
Final Price: $48,480,000
When & Where: Christie’s New York, May 12, 2022
Estimate: $35 million to $50 million
Final Price: $48,008,000
When & Where: Sotheby’s New York, May 16, 2022
Estimate: $40 million to $60 million
Final Price: $46,284,500
When & Where: Sotheby’s New York, May 19, 2022
Estimate: $15 million to $20 million
Final Price: $45,045,000
When & Where: Christie’s New York, May 12, 2022
Estimate: $30 million to $40 million
Final Price: $41,688,500
When & Where: Sotheby’s New York, May 17, 2022