Top 5 Most Expensive Abstract Artworks & Why? - Abstract Art Explained (Part 3)

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In this video series, we will be presenting the most extensive and comprehensive online resource on abstract art. Step by step, we will be answering the most frequently asked questions and offer a clear and concise overview of the history of abstract art. Today, we are tackling an often controversial aspect; expensive abstract art. We will discuss why abstract art can be so expensive, encompassing the top 5 most expensive abstract artists in the world. We have partnered up with Masterworks as the ideal video sponsor for this particular topic and for the many collector-investor subscribers following this channel.
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👨 About the host Julien Delagrange:
Julien Delagrange is an art historian, contemporary artist, and the founder and director of CAI. Delagrange studied Science of Arts at Ghent University, Belgium, and worked for the Centre for Fine Arts (BOZAR) in Brussels, the Jan Vercruysse Foundation, the Ghent University Library, and has contributed to the international contemporary art scene as an art critic, lecturer, curator, gallery director, consultant, advisor, and as an artist. As an artist, he is represented by Galerie Sabine Bayasli in Paris, France, and Gallery Space60 in Antwerp, Belgium.
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Table of contents:
00:00 - Introduction
00:31 - Part 1: Why is Abstract Art so Expensive?
01:15 - 1. Art Historical Value
01:50 - 2. Supply vs. Demand
02:14 - 3. Art as Investment
03:00 - Masterworks (Paid Partnership)
04:37 - Part 2: Top 5 Most Expensive Abstract Artworks
04:44 - 5.$85.8 million USD: Suprematist Composition (1916) by Kazimir Malevich
06:04 - 4. $105.7 million USD: Anna’s Light (1968) by Barnett Newman
07:19 - 3. $186 million USD: No. 6 (Violet, Green and Red) (1951) by Mark Rothko
08:41 - 2. $200 million USD: Number 17A (1948) by Jackson Pollock
09:37 - 1. $300 million USD: Interchange (1955) by Willem de Kooning
11:27 - Outro

[@LiamOFarrell]

Can we have a video on absurdly inflated prices in regard to money laundering?

[@mikesamovarov4054]

I think, this entire channel is doing exactly that (encourages and does money laundering). Just look at the hideous examples with no real value 😂 Yes, the king is nаked and art industry is a scam.

[@leststoner]

Never

[@amandajaynewoodhall]

I think there is a real beauty in making art appear simple when it is anything but 🖤 Great to see these today.

[@contemporaryartissue]

I couldn't agree more; well put into words. Thanks!

[@buskerscat]

As a layman, since it is not particularly discussed in the video, I really would like to know, lets say on the example of the red painting from Barnett Newman: If the creator of the painting was unknown, but the information about the process of the making would be available, could the painting have been sold for the same price? When experts of the field look at the painting and say they are blown away by it, would they say the same if the painter was unkown? Would you say this, at the first glimpse, very simple artworks (red canvas, black and white canvas, etc), could be considered artworks of an objective inherent beauty, or is it more or less just a hype around the artist that makes it impressive and expensive?

[@davidbasset7557]

The value was derived from a combination of beauty, technicality, historical relevance, notoriety & age

[@KatsudonArt]

I tried masterworks. I managed to talk to them over the phone. They said I'm too poor to even consider investing in them 😂

[@Mr.paint123]

* Fun fact Mark Rothko offered his university (Yale) a few of his paintings, if they would take some money off his student loans and Yale said NO and declined

[@DragonKnight401]

Was this before or after his rise to fame?

[@contemporaryartissue]

Great fact! Thanks for sharing and thank you for tuning in

[@user-mh7ld8ki4y]

Of course😊 bro

[@pencilartnz]

Like your dog. What’s his/her name? I am sure if he could speak he would have some interesting comments to make about a “dogs breakfast”. Cheers.

[@contemporaryartissue]

Hi there; thank you for tuning in. Her name is Perrier and she's the best ever. Absolutely! Greetings from both of us ;-)

[@pjacobsen1000]

My favorites here are the Mark Rothko and the Barnett Newman.

[@contemporaryartissue]

I am with you, 100% agreed!

[@elisabethshaefer8849]

THIS IS RIDICULOUS

[@mikesamovarov4054]

Fine art industry is a complete scam 😂

[@yasg2514]

But you comment in the last video about the lines on the dummy painting you done but the great Rothko has done that in this painting. So what say you? Sometimes as an abstract painter I want my lines to be jagged and not straight so then is it about knowing the rules and being able to work within that?

[@contemporaryartissue]

I intended to create hard edges, but they were not clean at all. Rothko predominantly avoided hard edges and made his tremble, emphasizing the depth and transparency of layered colors.

[@sw6454]

Exactly what I thought so when I saw your comment, I had to agree. I appreciate abstract a lot more than I did years ago but I still think that it’s funny how the reasons why the paintings are expensive has nothing to do with whether it’s actually good.

[@emanjewels7588]

Any modern contemporary Art on paper available. please kindly advice Akram Dubai

[@TruthIsNot4Sale]

Art is a investment game for tax great returns

[@marianmoise4809]

👏👏👏👏

[@user-eo7mo3th3u]

Kazymyr Malevych is a Ukrainian artist!!! He was born in Kyiv in the Ukrainian-Polish Catholic family. From anything Russian Malevych only has a death certificate. And it is very interesting that Muscovites abused the artist and kept him in prison. After the political circumstances in the USSR began to deteriorate, Malevych was going to move to Europe. He was going to Europe seriously and for a long time, so he took with him, without analyzing or selecting, his entire archive, which he had accumulated by March 1927. This archive is kept in our time in Berlin. His well-known note - "In the event of the death of my or hopeless imprisonment ...", hastily attached to the Berlin "capsule", makes it known that Malevych-intuitivist was well aware of what awaited him in the USSR. In the autumn of 1930, during the interrogation of the Chekists in Leningrad, Kazymyr Malevych says that his nationality Ukrainian. He is accused of Polish espionage and faces execution.

[@yuyanmalez6205]

Malevich is a Ukrainian artist. Soviet Union is not just russia, please take the meaning of that fact being mentioned for the overall Ukrainian visibility at this given moment. Change is in small things :)

[@dansmith4984]

Yes perhaps?? Something like ‘former soviet’ artist would be better. I must admit I think of Kazer being Russian

[@MarakanaCacak1989]

Malevich himself represented as Russian. So dont change history bc it suits your narrative..

[@osinalera5802]

@@dansmith4984 He is Ukrainian. Just Google. Soviet not mean russian

[@dansmith4984]

@@osinalera5802 100% agree with you 😎

[@osinalera5802]

@@josebazocosta9341 What a question? of course it's a nation

[@antonnotna]

”Da vinci”

[@allak8294]

So why exactly is something like “Anna’s Light” so expensive? It has no historical value since he wasn’t the first one to paint monochrome… where does the demand come from?

[@waynekasmar4401]

I'm no expert in this movement of painting, but I can see that no one probably had executed such simple yet striking composition (did you notice the two white stripes on either end of the canvas) on such a grand scale before this.

[@mikesamovarov4054]

Art of ВS marketing. Sad industry, a complete scam. There's a mandane shovel nailed to the wall in my National Art Gallery in Ottawa, Canada. It's stuрid, no value there and it's just a scam. There's so much garbage in the contemporary section, it's ridiculous 😂

[@sw6454]

In truth though, it could be a wall painted in Farrow and Ball paint. It’s not original. It’s just on a large scale. People just don’t want to allow themselves to think this. I appreciate abstract art and it is an extremely difficult to create so it doesn’t just look like a painting from your child’s nursery school, but I cannot appreciate what looks like paint samples on a wall.

[@XNY_Music]

@@sw6454 You miss the point that a lot of people make and that this is one painting, from a life time of creating one's oeuvre, of defining one's look and style. This painting is of historical importance because it is original and needs to be seen in the flesh, to see the overwhelming sense of illumination that Julien describes in the video. Not even mentioning the fact that a canvas of that size would cost thousands of pounds and the Cadmium Red would cost even more.

[@user-mh7ld8ki4y]

I mean one should hold on to their artwork hmm 🤔

[@olhakhr]

Thanks for your comment🇺🇦

[@contemporaryartissue]

The pleasure is all mine, thank you for tuning in!

[@pennywollett3953]

Art is a dying, just like high fashion and the theater. The collapse of our society shows in the insanely easy and ugly creations that the most "brightest" of our society create. I have been painting myself for years and I could paint those abstracts in my sleep. Just shows as a society how depraved we are and instead of evolving we are devolved into a sad version of ourselves. Where are the Rembrandt's of today? They are out there but nobody cares about real art anymore. Sad commentary on our times.

[@pjacobsen1000]

I increasingly see what I think are mostly Millennials expressing beliefs of 'collapse of society', 'late-stage capitalism' or other sentiments of doom. I wonder why so many Millennials have such a doom-and-gloom outlook. And at the same time, many of them seem to yearn for a new society that is either a socialist or fascist authoritarian rule. What's up with that?

[@CurtisRoyArt]

Yes, you can "paint them in your sleep". The hard part is comming up with something new, breaking new ground against opposition. What is your "next big thing", what will your new contribution be for moving forward. Painting in the same old manner is not that interesting for a lot of artists and viewers.

[@CurtisRoyArt]

@@greendinosaur9980 I agree, the majority of modern art is mediocrity, but some of it is powerful and expressive of emotion. There is composition to consider, distribution of color, balance, etc. Painting a pretty landscape is not satisfying for everyone.

[@waynekasmar4401]

We're going to have to set you up with a bed, easel and paints and let you go to town.

[@mikesamovarov4054]

Art isn't dying, it's becoming more democratic. Most westerners have artistic hobbies, so there too much offers and zero demand. Nobody buys original art or fine art, people barely buy ikea and other chinese сrар.

[@williama.hovestreydt6623]

The market is created by the rich!

[@contemporaryartissue]

The market needs the rich, but it exists of various spheres of course.

[@leststoner]

@@contemporaryartissue the market needs me.

[@jhb61249]

You have the cutest 5 yo. What's the price? I will give you much money, if shipping is included. Must be potty trained!

[@contemporaryartissue]

Feel free to read Susan Hodge's "Why your five year old could not have done that" ;-)

[@abbasshojaee]

art? really? the king is naked!

[@contemporaryartissue]

De gustibus et coloribus... Beauty is in the eye of the beholder for sure. But we can and should respect art other people enjoy as well-enjoyed by both the artist and the viewer-even if we don't like the art. And, maybe one day, with an open mind, you can enjoy it as well. Nevertheless, thank you for tuning in!

[@davidbasset7557]

The artworks are beautiful, but the selling/“investing”/hoarding/speculation are a perversion

[@califmike2003]

Why do we have t have a dog in each video ????? its strange.

[@miguelestevao7768]

the color of those painters worth more than the color they use to paint, if u know what i mean. also... u cant talk about 'value' of art without talking about what makes value in capitalism system... This is not neutral subject

[@contemporaryartissue]

Hi Miguel, feel free to watch our video on the value of art as well, where we have a more extensive take on this topic. Have a great day!

[@adrianobastardi]

If you were starving would you eat your dog?

[@mikesamovarov4054]

Yes, if you're Korean 😂

[@alicestephens2233]

the picture with the green purple and whatever the other color looks like me painting different colors on a wall deciding what color to paint my living room...this has become insane...wake up people...what happened to people who could actually paint...this is like a Hunter Biden art exhibition...a big joke

[@contemporaryartissue]

Representational painting still exists-feel free to watch our video on figurative painters next. Thank you for tuning in!

[@Tomahawk1999]

This is pretty much just money laundering