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  • Dan Frankel

Economic Woes no Barrier to Record Prices

Updated: May 13, 2022

2021 Auctions reflect strong upward trend

In 2021, the top auction houses were successful in drawing back collectors across the globe to their marquee sales after a long hiatus. In the process, the houses generated records for various artists.

Sotheby’s Wine’s annual auction sales of wines and spirits reached record heights in 2021, increasing 44% to $132 million. An Agnes Martin painting from a private collection sparked a bidding war, eventually selling for a record price of $17.7 million. Other record prices were notched for Frida Kahlo, Jackson Pollock, Lee Bontecou and more.

News flash: JPG File Sells for $69 Million, as ‘NFT Mania’ Gathers Pace (The New York Times, 3/11/2021)

“Everydays — The First 5000 Days” is a collage of all the images that the artist known as Beeple has been posting online each day since 2007. Credit...via Christie's

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