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With an estimated fortune of around $10 million, Richard Serra’s lengthy career of over 60 years has been notably prosperous, primarily due to his significant earnings from his sculptures.
The celebrated American sculptor Richard Serra passed away on March 26, 2024, at 85, leaving behind a legacy to follow.
Thanks to his pursuit of artistic expression, Richard solidified his name in the contemporary art sphere with a successful trajectory.
Key Takeaways
- Richard Serra’s net worth is estimated to be around $10 million.
- The American sculptor amassed a hefty sum from diverse sources, such as sales of his artwork and exhibitions.
- His career trajectory highlights his experimental and innovative approach to his artworks.
Coming from a working-class family, Richard put his heart and passion into his craft, honing the skill with every experience.
The accolades and grants he has garnered are a testament to his expertise. Among the notable recognitions, Richard was honored with the Guggenheim Fellowship in 1970.
Richard Serra Net Worth Is Approximately $10 Million
Boasting an impressive net worth of approximately $10 million, Richard Serra has accumulated wealth from a variety of avenues, such as sales of his art pieces, commissions, and beyond.
His magnificent artworks, like sculptures, paintings, drawings, and prints, have always drawn significant attention and demand at auctions.
Among these, Richard’s sculptures peak at the list of his most acclaimed artworks.
In 2013, his unique piece of art, LA Cone (1986), was sold at Christie’s New York for $4,267,750.
The Great Richard Serra (1938-2024) pic.twitter.com/OYNavz0o9l
— Philip Glass (@philipglass) March 27, 2024
One of his most acclaimed pieces, Schulhof’s Curve, was estimated to be between 2,500,000 and 3,500,000 at the auction but ended up being sold for $2,882,500.
Likewise, his paintstick on handmade paper, executed in 2009, named Carver, was sold for USD 2,172,500.
Artaud estimated that between the scope of 800,000 and 1,200,000, the sale ended at $1,687,500, and the list continues.
In 2011, he bought a $4 million apartment in Tribeca Loft and later, in 2017, bought another unit at the same apartment for $7 million.
Considering the figures above, it is fair to say Richard Serra flaunted a large fortune.
Richard Serra’s Diverse Income Sources Earned Him Hefty Sum
One of the prime sources of Richard’s income is his exquisite artwork sales.
His drawings, sculptures, prints, and other artworks were kept on sale through art dealers, galleries, and auction houses.
Richard’s large-scale sculptures, commissioned for public spaces and private collections, undoubtedly amassed him a notable sum.
“Your life’s a nanosecond; if you have a contribution to make, then make it. Don’t bitch about it, just do it.”
—Richard Serra (November 2, 1938 – March 26, 2024) pic.twitter.com/xFW8P3lCHa
— Joseph Massey (@jmasseypoet) March 26, 2024
Similarly, Richard gained commissions from museums and private collectors to make site-specific sculptures and installations.
He also achieved a fair sum from various solo exhibitions in galleries and museums held across the globe.
Without a second thought, it is fair to say Richard’s diverse income source sheds light on his celebrated career.
The American Sculptor Had A Progressive Career
The American sculptor’s career timeline can be described as a series of experimentation and innovation.
Initially, Richard started with unconventional materials like latex, rubber, neon, and fiberglass.
Eventually, his artworks progressed to his monumental steel sculptures.
Richard’s experimental approach toward his artwork guided him to challenge himself and push the boundaries consistently.
RIP Richard Serra (1938-2024) 🖤 pic.twitter.com/zXMIBoyWFn
— Ezgi Hoşcan (@ezgihoscan) March 27, 2024
His early career was characterized by action-based sculptures, which involved working with materials like lead and rubber.
In the 1970s, Richard expanded his practice by creating large-scale installations in natural environments and urban spaces.
Richard’s “Matter of Time“ installation showcased his exploration of form and scale using forged steel plates during this time.
FAQs
What are the notable awards received by Richard Serra?
Richard Serra received several notable awards, including the Fulbright Grant, Guggenheim Fellowship, Ministère de la Culture et de la Communication Chevalier de l’Ordre des Arts et des Lettres, and République Française.
When did Richard Serra start his solo exhibitions?
Richard Serra started his solo exhibition at Galleria Salita in 1966. He had solo exhibitions at the Staatliche Kunsthalle Baden-Baden, Museum Boijmans Van Beuningen, The Museum of Modern Art, and more.
