The most expensive art sale on record is Leonardo da Vinci’s, Salvator Mundi, circa 1490–1500, sold for $450.3 million at Christie’s on November 15, 2017.
The art world is unregulated, which paves the way for some truly exorbitant prices.
Art, obviously, can be a really great investment. It can also be something you purchase just because. So, where do you buy art?
There are many famous places to by art in person (or over the phone) at auctions at Christie’s, Sotheby's, fairs like Art Basel, Frieze, or the Armory Show. Living in Chelsea for 2 years, I was surrounded by some of the most renowned galleries in the industry: Gagosian, Pace, that held their famous Thursday "opening nights" in the summer.
For those okay with not seeing something in person first, here are two great options for art shopping online:
Tappan Collective: $$
A relatively new resource, Tappan Collective is great for finding “exceptional emerging talent” and offer a shopping experience catered to today’s new generation of art collectors. Their highly curated selection covers a thorough range of media and price points, but not to the point of it being overwhelming. They’re a go-to for when you just want something that makes you happy but also don’t want to spend a fortune. Explore color field paintings by James Perkins, landscape photographs by Brian Miriam, and their collection of works Under $300.
More institutionalized, Artsy is where you go if you are making a more serious investment. You’ll find museum names like Pablo Picasso, Roy Lichtenstein, and Jean-Michel Basquait as well as contemporary ones like my personal favorite at the moment, Genieve Figgis. Many pieces are available for outright purchase, but they also hold auctions where you bid against collectors all over the world.
The pursuit (after Fragonard), 2018
Acrylic on canvas
39 3/10 × 31 1/2 in