are "priceless paintings," and can priceless paintings actually be
Priceless paintings are simply very valuable paintings. While there are some
truly priceless paintings that cannot be bought, most
so-called priceless paintings can be bought if enough money is offered to
For example, Vincent van Gogh's 'priceless
' Portrait of Dr.
, one of van Gogh's last paintings,
sold in 1990 for $82.5 million.
Pablo Picasso's Boy with a Pipe
topped that in 2004 at $104
million, and the current record is the $140 million that
Hollywood's David Geffen pocketed in 2006 to part with his 'priceless' No 5, 1948
by Jackson Pollock.
A close second would have been the $139 million that Las Vegas mogul Steve Wynn was about to
receive for Picasso's Le Reve
(right) in 2006. But days before
delivery, the nearly blind Wynn put his elbow through the portrait of Picasso's young mistress
while showing it off to guests and punctured it. Although
repaired, the damage is visible under black light and the paint
ing is now worth under $100 million,
literally "price-less" by at least $40 million.
Truly priceless paintings hang in museums. Leonardo da Vinci's Mona Lisa
at the Louvre in
Paris, for example, is valued between $800 million and a cool $1 billion,
but isn't for sale.
What determines the value of paintings?
It depends on more than just the names of the artists, who have their good
years and bad, strengths and weaknesses. Typically, the artwork most in line with the media, style
and size for which an artist is best known and from the artist's best years
are the best buys; such artwork
appreciate faster and retain their value better during market upturns and downturns, respectively.
The value of artwork also depends on their condition as Steve Wynn learned,
, a French word that means "origin" or "pedigree".
Artwork that once graced the German Kaiser's palace and
later the home of Jackie Onassis, for example, would be worth more than if the same
artwork had passed through less illustrious patrons.
So, should you buy a price
ing if or when you have the financial resources?
That depends on your perspectives about those resources. Please click
million dollar paintings
if you believe they are yours, and click here
if you believe
them to be a blessing from God.