【Art Salon NY】Seriously thought about "What is the value" when I calculated expensive artwork on a daily basis price from the time of production

Good Morning & Good Evening !

I'm Marie who thinks watching Christie's auction videos is far more interesting than watching YouTuber videos.

There are learnings from all the events we have held in the past. And this event taught me that 『History has the value』

In this event talked about Leonardo da Vinci's ≪Salvator Mundi≫ was sold for approximately $450 million in 2017 and recorded the world's highest price for an art work.
 
It's an incredible amount, but Christies Japan CEO, Mr. Yamaguchi says, "If you calculate the price of antique and masterpieces using a daily calculation from the time of production, they are overwhelmingly cheaper than when you calculate the price of contemporary art on a daily basis."
 

Therefore, this time, as an experiment, calculated the price of high-priced artworks at auctions and private sales using a daily calculation from the time of production！This article is delivered in my first collaboration with Generative AI, which is causing a stir in the world♪♪

【My partner Copilot ; a Microsoft's generative AI boy, was in charge of daily basis calculation】 ↓

 【Calculation method】（Be Simple!）
Final auction price/Private trading price ÷ Daily number of days (Number of days from the time of production of the artwork to the auction)
※If the production date/private trading date is unknown, the calculation will be based on the estimated year and month.

 Let's start with this artwork！！

―Masterpiece―

【Leonardo da Vinci】Salvator Mundi
Final Auction Price　$450,312,500
Year of Production　1500
Winning Bid Date　November 15, 2017
Number of Days from the Time of Production　189,024 days

Approximately ＄2,381.69  per day! !
参考：Leonardo da Vinci (1452-1519) (christies.com)
 
By a daily price, everything from branded goods, home appliances, IT products, etc. has become the same price as Leonardo da Vinci.
 

【Rembrandt】The Standard-Bearer
Final Auction Price　$191.3 million
Year of Production　1636
Winning Bid Date　Feburary, 2022
Number of Days from the Time of Production　140,665 days

Approximately ＄1,360.62  per day! !
参考：https://tinyurl.com/5n786kxs
 
 
【Stradivarius】HELLIER violins
Estimation Price　$11.31 million
Year of Production　1679
Auction Date　July 7, 2022
Number of Days From The Time of Production　125,603 days

Approximately ＄900.21  per day! !

If there was a place that would rent out a Stradivarius for a day at this price, it would probably be fully booked for three years in advance.
 
※($1 = 0.7960 pounds)
Ref. https://www.christies.com/lot/lot-6381190
Ref. https://tinyurl.com/3zfjvh4w
 

Next, will be introduced the artwork that was traded at high price followed by Leonardo da Vinci! !

―Modern art―
 
【Cézanne】The Card Players
Private Trading Price　$250 million
Year of Production　1895
Trading Date　2022
Number of Days From The Time of Production　42,560 days

Approximately ＄5,873.78  per day! !
Ref. https://tinyurl.com/2rze962x
 
 
【Picasso】Les femmes d'Alger (Version 'O')
Final Auction Price　$179,365,000
Year of Production　February 14, 1955
Winning Bid Date　May 11, 2015
Number of Days from the Time of Production　21,959 days

Approximately ＄8,169.08  per day! !
Ref. Pablo Picasso (1881-1973) (christies.com)
 
 
【Willem de Kooning】Interchange
Private Trading Price　$300 million
Year of Production　1955
Trading Date　September 2015
Number of Days From The Time of Production　22,358 days

Approximately ＄13,422.09  per day! !

Ranked in second place on the list of most expensive paintings! It is the second most expensive painting after Leonardo da Vinci's Salvator Mundi.

Ref. https://www.willem-de-kooning.org/interchange.jsp

Next, will be introduced the most expensive artwork from 20th century in history! !

―Modern and contemporary art―
 
【Jasper Johns】Flag 1958
Private Trading Price　$110 million
Year of Production　1958
Trading Date　2010
Number of Days From The Time of Production　19,205 days

Approximately ＄5,706.48  per day! !
Ref. https://tinyurl.com/2j85wchx
Ref. https://tinyurl.com/3cxez9u4
 
 
【Andy Warhol】Shot Sage Blue Marilyn
Final Auction Price　$195,040,000
Year of Production　1964
Winning Bid Date　May 9, 2022
Number of Days from the Time of Production　21,373 days

Approximately ＄9,142.65  per day! !

This is the highest price ever paid from 20th century artwork! And the person who won the auction was Mr. Larry Gagosian! The Godfather, the founder of Gagosian Gallery.

Ref. ANDY WARHOL (1928-1987) (christies.com)

It's finally time to introduce contemporary art -  also included a Dark Horse (NFT) at the end!
 
―Contemporary art―
 
【David Hockney】Portrait of an Artist (Pool with Two Figures)
Final Auction Price　$90,312,500
Year of Production　1972
Winning Bid Date　November 15, 2018
Number of Days from the Time of Production　17,370 days

Approximately ＄5,199.78  per day! !

With this successful bid for the artwork, Hockney became the most expensive living artist at the time of the auction!（2018）

Ref. David Hockney (b. 1937) (christies.com)

【Jeff Koons】Rabbit
Final Auction Price　$91,075,000
Year of Production　1986
Winning Bid Date　May 15, 2019
Number of Days from the Time of Production　12,544 days

Approximately ＄7,308.58  per day! !

But! With this bid for the artwork, the title of the most expensive living artist goes from Hockney to Koons!!

Ref. Jeff Koons (b. 1955) (christies.com)
 
 
【Takashi Murakami】My Lonesome Cowboy
Final Auction Price　$15,161,000
Year of Production　1998
Winning Bid Date　May 14, 2018
Number of Days from the Time of Production　3,787 days

Approximately ＄4,002.11  per day! !

This Murakami's iconic work has made Japanese artists on a global level！ But！ Three months before this auction, a sculpture by Unkei（運慶）that was considered a Japanese national treasure class was sold at auction for approximately $14million, and Murakami was severely criticized by people all over Japan, saying,
"How can something like this be valued more highly than Unkei?"
(It is not Mr. Murakami's fault at all...)

Ref. (#9) Takashi Murakami (sothebys.com)
 
 
―NFT―
Dark Horse！！
 
【Beeple】EVERYDAYS: THE FIRST 5000 DAYS
Final Auction Price　$69,346,250
Winning Bid Date　May 11, 2021

This artwork is a collection of works that Beeple created every day for 5,000 days starting May 1, 2007.
Therefore, the production period is from May 1, 2007 to January 7, 2021,
Production completion date (January 7, 2021)
to winning Bid Date is 124 days

An amazing Approximately ＄559,233.87  per day! !
Ref. Beeple (b. 1981), EVERYDAYS: THE FIRST 5000 DAYS | Christie’s (christies.com)
 
 
 
Looking at the prices of artworks from a slightly different perspective makes me think again about "What is the VALUE?''
The key to being a happy art collector may be having a self-centered understanding of what is truly priceless to you.

Have a good one♪