Oct 18 (First Post) — As art lovers gather in London for annual Frieze Art lovers this week, here’s a list of the world’s wealthiest artists.
Emerging at the top of the list is internationally renowned British artist Damien Hirst, whose net worth is estimated at $350 million, according to data from Wealth-X, a global ultra high net worth (UHNW) intelligence provider.
Hirst – who is famous for his provocative artworks featuring dead animals preserved in formaldehyde – made history by becoming the first living artist to sell a complete show at a Sotheby’s auction, rather than through individual galleries.
The show, entitled Beautiful Inside My Head Forever , raised a whopping $198 million – smashing the previously held record for a one-artist auction.
American abstract expressionist painter and sculptor Jasper Johns came in second on the list with a net worth of $210 million.
In 2006, Johns’s painting False Start was purchased by private collectors for $80 million – the largest amount ever paid for a painting by a living artist.
American painter David Choe, who has amassed of fortune of $100 million also appeared on the list.
In 2007, Choe was commissioned by Mark Zuckerberg to paint murals on the walls of Facebook’s office. Choe opted to be paid in Facebook stock rather than cash, a move that gave him a significant windfall at the company’s IPO in 2012.
Below are top 5 wealthiest artists worldwide: Data provided by WealthX
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