Raphael Cartoons (such as this “St Paul Preaching in Athens”, shown here) are owned by the Queen of England, and can be valued at over $400 million each. Therefore, works from this collection will not appear in the following list. However, the scenario of the Queen selling one this masterpieces (specially on the open market) seems totally implausible. The Duke of Edinburgh once declared that the Queen was “perfectly at liberty to sell them”. While there is still some debate about it, it is believed that most of the works of the collection (including masterpieces by Raphael, Caravaggio, Bruegel, and Rembrandt) are owned by the monarch personally. The most illustrative example is the Royal Collection, owned by the Queen of England. Therefore, some observations and exceptions should be made when talking about privately owned paintings, in the sense that not all “private collections” seem destined to end up on the art market. The intention of this list is to showcase those paintings that could realistically (though not necessarily) reach the market in the future. Last updated: February 2023 The most valuable paintings in private hands Considerations The estimate price (justified for each of the paintings in this list) is based on many facts, including its provenance and sale history. This list highlights the most valuable paintings still in private hands. Some of them belong to private Art collectors, a practice that has experienced a remarkable boom in recent decades, resulting in a considerable increase in the price of works by the most important artists. Not all Art masterworks are exhibited in the great museums of the world. reasoned list of the most valuable paintings in private collections.
Gustav Klimt – Wasserschlangen II Freundinnen – 1907 – Oil on canvas – 80 x 145 cm – Private collection
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