In the world of fine art, ownership is both a privilege and a responsibility. Masterpieces by living artists are setting unprecedented records at auction and in private sales, solidifying art as one of the most exclusive forms of wealth. At Bluewater Insurance, we understand the unique value and delicate nature of these investments. Here, we explore the record-breaking living artists and offer guidance on safeguarding your art assets.
The Icons of Contemporary Art – As of 2025, the most expensive artworks sold by living artists are:
1. Jasper Johns – Flag (1958)
Sold privately in 2010 for approximately $110 million, this iconic piece features the American flag and is considered a seminal work in contemporary art.
Photo: Fortune, How Steve Cohen Amassed a $1 Billion Art Collection
2. Jeff Koons – Rabbit (1986)
This stainless-steel sculpture fetched $91.1 million at Christie’s in 2019, setting a record for the most expensive artwork sold at auction by a living artist.
Photo: Jeff Koons, Douglas M. Parker Studio, Los Angeles
3. David Hockney – Portrait of an Artist (Pool with Two Figures) (1972)
Sold for $90.3 million at Christie’s in 2018, this painting is one of Hockney’s most celebrated works, depicting a swimmer and an observer beside a pool.
4. Jasper Johns – False Start (1959)
This abstract expressionist painting was sold privately in 2006 for $80 million, highlighting Johns’ significant impact on modern art.
5. Ed Ruscha – Standard Station, Ten-Cent Western Being Torn in Half (1964)
This work achieved $68.3 million at Christie’s, reflecting Ruscha’s influence on the pop art movement.
6. Sacha Jafri – The Journey of Humanity (2020)
Recognized by Guinness World Records as the largest painting on canvas, it sold for $62 million in 2021, with proceeds donated to children’s charities.
Photo: My Modern Met
7. Jeff Koons – Balloon Dog (Orange) (1994–2000)
This sculpture sold for $58.4 million at Christie’s in 2013, exemplifying Koons’ signature style of transforming everyday objects into high art.
Photo: Christie’s
8. Beeple (Mike Winkelmann) – EVERYDAYS: THE FIRST 5000 DAYS (2021)
This digital collage NFT sold for $69.3 million at Christie’s, marking a significant moment in the acceptance of digital art in the mainstream art market.
Photo: Artalistic
9. Gerhard Richter – Abstraktes Bild (599) (1986)
This abstract painting achieved $44.5 million at Sotheby’s in 2015, showcasing Richter’s mastery in abstraction.
Photo: Gerhard Richter
10. Gerhard Richter – Domplatz, Mailand (1968)
Sold for $37.1 million at Sotheby’s in 2013, this photorealistic painting depicts Milan’s cathedral square, highlighting Richter’s versatility.
Photo: Gerhard Richter
These figures reflect the exceptional and increasing value of contemporary art.
Preserving and Protecting Fine Art
Just as collectors entrust their timepieces to experts, so too should art collectors safeguard their masterpieces with meticulous care:
- Comprehensive Insurance – Bluewater Insurance offers tailored fine art policies that cover theft, damage, and loss globally.
- Professional Valuation – Regular appraisals ensure your artwork is properly valued and protected.
- Optimal Environment – Controlling temperature, humidity, and light is essential for the longevity of artworks.
- Secure Transportation – Use specialized transport to mitigate risk during transit.
Why Bluewater for Your Valued Fine Art Collection?
We understand that your fine art collection is more than just possessions—it’s a reflection of your history, memories, and individuality. That’s why our Fine Art Insurance is tailored with a profound appreciation for the collector’s journey.
Our policies are meticulously crafted to protect your collection from diverse risks, including loss, theft, damage, and disappearance. Whether you cherish paintings, photographs, prints, ceramics, sculptures, or installations, our comprehensive coverage ensures your treasures are safeguarded for future generations to enjoy.
Get a quote today and start safeguarding your fine art collection.