The most expensive works of art in the world and their histories (or lack thereof)-Part One

by Marc Masurovsky

Our collective jaws routinely drop when we read about a work of art selling for sums of money that most of us cannot comprehend or even perceive. And yet, there exists an informal club of men and women who are capable of spending such sums.

We won’t waste time wondering whether or not they actually enjoy the art objects on which they lavish huge sums. Their investment redefines what is meant by “priceless.” Is priceless an unattainable sum for the common mortal? Is it a sum that is beyond the reach of a billionaire? Or is it a sum that does not exist?

No matter.

“Transparency”, read less opacity, is the operative principle pertaining to research into the history of art objects even when they fetch sums symbolized by figures that contain eight or nine Arabic numerals.

Let’s take a look at some of these objects for which their proud owners spent at least 60 million dollars.



1. Bassin aux Nympheas, 1919, by Claude Monet sold for 66 million dollars at Christie’s on June 24, 2008.

Bassin aux nymphéas, 1919, Claude Monet-Source: Christie's

It belonged initially to the famous Paris art dealing family of Bernheim-Jeune who then sold this dreamy painting to a member of the Durand-Ruel family, another Parisian art dealer, from there to Sam Salz, Norton Simon, an owner in Indiana and then the Millers whose estate sold it off in 2008. This information is accessible through the Christie’s catalogue.


2. The massacre of the Innocents, 1610, by Peter Paul Rubens sold for 76 million dollars in July 2002 through Sotheby’s. Originally misattributed to Jan van den Hoecke, it remained in the same family for close to two centuries. Then it changed owners either before or right after the First World War (1914-1918), fell into the hands of an Austrian family whose patriarch did not like it, thinking it was “ugly” and consigned it to a monastery until the 89-year old heiress of said Austrian family had a change of heart and decided to put it up for sale.

The Massacre of the Innocents, 1610, Peter Paul Rubens

3. Le Moulin de la Galette, by Auguste Renoir, sold for 78 million dollars on May 15, 1990 at Christie’s. The smaller of the two versions that Renoir painted, no one knows for certain whether it was painted before or after its more famous larger version which Renoir completed in 1876. It went through the now defunct New York art gallery, Knoedler’s, where John Hay Whitney acquired it in 1929. It remained in the Whitney family until 1990 when it was auctioned and sold to a maverick Japanese businessman, Mr. Saito. He later ran out of money and was forced to sell off his assets including this Renoir painting and one by Van Gogh. Rumor has it that this less ambitious version of “Le Bal du Moulin de la Galette” ended up in a private Swiss collection. 

Le Moulin de la Galette, n. d., Auguste Renoir

4. Portrait of Dr. Gachet, 1890, by Vincent van Gogh sold for 82 million dollars on May 15, 1990 at Christie’s. Its history carries with it the taint of Nazi cultural policies aimed at works that were deemed objectionable because of their content and execution. This painting by van Gogh changed hands a number of times in the early 20th century, through the Paul Cassirer gallery in Berlin then Galerie Druet in Paris before ending up in the permanent collection of the Städel Museum in Frankfurt. Following the rise to power of the Nazis on January 30, 1933, museum officials there tried their best to shield their “degenerate” works from the prying eyes of the Nazis. Unfortunately, “Dr. Gachet” was a well-known work and van Gogh did not whet the esthetic appetites of the new barbarians clad in brown and black uniforms. Pursuant to official Reich policies, the painting was de-accessioned in 1937 and joined other captive works in the ever-expanding collection of Reichmarschall Hermann Goering. With the help of Joseph Angerer, art historian and art dealer in the pay of Nazi officials, Goering sold “Dr. Gachet” to a German banker, Franz Koenigs, who then allegedly turned around and sold it or relinquished it to Siegfried Kramarsky. The Kramarsky family fled to New York just in time with the van Gogh. The painting was placed on long-term loan to the Metropolitan Museum of Art as of 1984. Thereupon, the Kramasky heirs decided to sell it. Mr. Saito, a Japanese businessman who boasted of possessing a vast fortune, spent a small fortune on the van Gogh, breaking all records to date for a painting by the tortured Dutch master.

Portrait of Dr. Gachet, 1890, van Gogh

Then, the painting disappeared from view. It did not help that Mr. Saito went into such exponential debt that, no doubt, “Dr. Gachet” was sold in a private sale. But to whom?

Charles Goldstein, executive director of the New York-based Commission for Art Recovery (CAR), was quoted as saying that, one way or another, the title to the painting is clouded and resale will be difficult. Which would explain why the painting has not resurfaced in the past two decades. Condemned, due to a tainted title, to remain in the global parallel art market of sub rosa transactions. This will not help the Koenigs heiress to recover the painting that she claims was not sold consensually to Kramasky. Or so it would seem.

See the fascinating book by Cynthia Saltzman, “The Portrait of Dr. Gachet: The Story of a Van Gogh Masterpiece, Money, Politics, Collectors, Greed, and Loss” which takes the story of Dr. Gachet up to Mr. Saito.

"Der Garten Daubignys," Vincent van Gogh

Shortly before the troubled, inspired, and heartbreaking life of Vincent van Gogh came to a violent end on July 29, 1890, at Auvers-sur-Oise, he produced a series of oil paintings focused on the garden of the painter Charles-François Daubigny.  One of them was "Der Garten Daubignys" or "Le Jardin de Daubigny" or "Daubigny's Garden", painted at some point in June 1890, and measures 53 x 103 cm.

Der Garten Daubignys, Charles-Francois Daubigny
Source: Wikimedia

In 1929, Ludwig Justi, director of the National Galerie in Berlin paid 240,000 Marks for “Der Garten Daubignys [Jardin de Daubigny/Daubigny’s Garden] which he acquired from renowned Paris art dealer, Paul Rosenberg.

In 1938 the National Socialists accelerated their war against all forms of “degenerate” art by enforcing the de-accesioning of those works deemed to be objectionable and antithetical to the new racially-tinged esthetic creed, which could be found in cultural institutions subsidized by the State. As part of this purging campaign, the National Galerie in Berlin was forced to disgorge its “degenerate” art including three oils by van Gogh, one of which was “Der Garten Daubignys.” According to Franz Roh, Hermann Goering took custody of the three paintings and sold them with the help of one of his trusted dealers, Josef Angerer, who later served Goering in a similar capacity—seizing and brokering sales of looted cultural assets—across German-occupied Europe. The “Jardin de Daubigny” presumably fetched 150,000 Reichsmarks for the Reich. The buyer of the van Gogh painting was a German-born banker, Franz Koenigs, who, as a result of his antipathy towards the National Socialists, elected to move to neighboring Holland, converting much of his cash into cultural assets. Koenigs became a naturalized Dutch citizen in 1939.

According to Jeannette Greenfield, Koenigs sold the “Jardin de Daubigny” to Siegfried and Lola Kramarsky. However, based on information gleaned from the Sage Recovery website, Koenigs had sent to Knoedlers Gallery in New York for safekeeping another van Gogh painting, “Portrait of Dr. Gachet”, purchased under similar circumstances as the “Jardin de Daubigny” following its de-accession from a Frankfurt museum. Kramarsky then “took” Gachet as collateral for an unpaid loan consented to Koenigs by Kramarsky’s bank, Lisser and Rosenkranz. Koenigs died in 1941 presumably at the hands of the Gestapo. Did the “Jardin de Daubigny” follow the same path as “Dr. Gachet”? Publicly available information does not shed light on this particular aspect of the transaction. Suffice it to say that the painting remained in New York in the private collection of the Kramarskys for many decades.

Enter the Japanese. Flush with capital at the height of an economic and financial boom in the 1980s and 1990s, Japanese bankers and investors go on massive shopping sprees in the West and buy up for then-astronomical sums masterpieces by Impressionist painters. Van Gogh paintings are snapped up at outrageously inflated prices in headline-grabbing auctions.

The Hiroshima Museum of Art opens its doors in 1978. It is not clear whether the “Jardin de Daubigny” is “present at the creation” or enters the permanent collection of the Hiroshima Museum thereafter. But it does currently adorn the walls of Gallery 2 of this famed Japanese cultural institution. Jeffrey Archer indicates that this version of the “Jardin de Daubigny” went to the Nishido Gallery in Tokyo. That fact is impossible to verify.

Does the saga end here? Not quite, since for decades, a pall of suspicion has been cast over “Der Garten Daubignys” as a possible forgery produced by a French painter who had fallen in love with van Gogh’s works, Emile Schuffenecker.  Even the Japanese subjected the painting to a series of rigorous forensic tests using state-of-the-art technology to ascertain its authenticity, which they maintain to this day.

Hence, here we have a late masterpiece by van Gogh, illegally removed from the walls of a German State collection, sold to raise cash for the Reich, purchased by a German-born banker, and acquired under less than clear circumstances either in Holland or in New York, which now hangs on the wall of a museum in Japan. Who is the rightful owner? According to a statement released by Christine Koenigs in April 2000, the “Jardin de Daubigny” is listed as one of many works “displaced” from Franz Koenigs’ collection.