Markets
Objects of Desire: Record Breaking Auction Sales in 2021
Record Breaking Auction Sales in 2021
2021 may have been the year of the NFT, but wealthy collectors still dropped plenty of cash on physical objects. This included the usual items like paintings and cars, as well as some more obscure ones like meteorites.
To gain insight into the world of rare collectibles, this infographic summarizes the biggest auction sales of 2021, spread across 12 different item categories.
The Numbers
The key details of these sales are listed below in tabular format. Some broke all-time records, while others set the record for 2021 specifically.
Object | Category | Sale Price (USD) | Auction House |
---|---|---|---|
Pablo Picassoโs Femme assise prรจs dโune fenรชtre | Paintings | $103.4M | Christieโs |
Final text of the United States Constitution | Printed texts | $43.2M | Sothebyโs |
15.81-carat Sakura diamond | Purple-pink diamonds | $29.3M | Christieโs |
1995 McLaren F1 | Automobiles | $20.5M | Gooding & Company |
1933 Double Eagle coin | Coins | $18.9M | Sothebyโs |
The revolver used to kill Billy the Kid | Firearms | $6.0M | Bonhams |
Grande et Petite Sonnerie | Watches | $5.3M | Phillips |
1993 Ron Arad โD-Sofaโ | Furniture | $1.6M | Phillips |
Pair of Michael Jordanโs Nike Air Ships | Shoes | $1.5M | Sothebyโs |
Necklace featuring a 56.87-carat emerald | Emeralds | $1.0M | Phillips |
4.5B year old Fukang meteorite | Meteorites | $702K | Christieโs |
Hermรจs Black Togo Birkin 35 | Handbags | $155K | Bonhams |
The Details
Here are some interesting facts and details about these rare collectibles, starting with:
Pablo Picassoโs Femme assise prรจs dโune fenรชtre (Marie-Thรฉrรจse)
This 1932 painting is a depiction of Picassoโs lover, Marie-Thรฉrรจse Walter (1909-1977). Walter is believed to have had a significant impact on Picassoโs work, and the pair had a child out-of-wedlock in 1935.
He loved the blondeness of her hair, her luminous complexion, her sculptural body.
– Brassaรฏ
Sold by Christieโs in New York, this was the first painting to auction for over $100 million in nearly two years. The all-time record holder is Leonardo da Vinci’s Salvator Mundi, which sold for $450 million in 2016 to Mohammed Bin Salman, the Crown Prince of Saudi Arabia.
1995 McLaren F1
Produced between 1992 and 1998, the McLaren F1 is widely regarded as one of the most desirable supercars in the world. It features many innovations that are still rare in modern road cars, including a carbon fiber monocoque (the main structure of the car), active aerodynamics on the underbody, and a centered driving position.
The F1โs legacy is cemented by the fact that only 106 were ever produced, many of which have been owned by celebrities. That includes Elon Musk, who famously crashed his F1 in 2000 without insurance.
The specific car highlighted above was sold by Gooding & Company, a classic car auction company. It has just 242 miles (390 km) on the clock, which translates to an average of 9.3 miles (15 km) being driven on the road per year.
1933 Double Eagle Coin
The 1933 Double Eagle is one of the last $20 gold coins ever produced in the United States. It dates back to an era when the U.S. dollarโs value was tied to gold, which is a system known as the gold standard. The coins were melted down when the U.S. transitioned to fiat money, and only 13 examples are known to exist today.
After selling for $18.9 million, this Double Eagle holds the title as the most valuable rare coin in the world.
The Revolver Used to Kill Billy the Kid
The Colt single-action revolver that was used to kill Billy the Kid is now the most expensive firearm ever sold at an auction. It belonged to Sheriff Pat Garrett, who killed Billy in 1881.
Billy is one of the most notorious figures from Americaโs wild west era and was responsible for the deaths of eight men, including two sheriffโs deputies during an escape from jail.
Because of Billyโs legacy, this revolver is lauded as one of the most desirable Western firearms in existence. Surprisingly, it was the gunโs first appearance in a public auction.
Final Text of the United States Constitution
This first-edition copy of the U.S. constitution is an incredibly rare and historically significant artifact. The story of how it sold is equally as impressive.
Bidding came down to two parties, one of which was Ken Griffin, billionaire CEO of Citadel. If you’re an investor, that name may sound familiarโCitadel was a hedge fund involved in the r/wallstreetbets saga of 2021.
The other party was ConstitutionDAO, a group of 17,000+ crypto investors who pooled together $47 million worth of Ethereum. The term “DAO” refers to a decentralized autonomous organization, which is an online entity that’s collectively owned by its members without centralized leadershipโand that takes action based on transparent rules set on a public blockchain.
In the end, the copy was sold to Griffin for a total of $43.2 million. Organizers of ConstitutionDAO could not place a higher bid because they wouldn’t have had enough money to insure, store, and transport the document.
About Those NFTsโฆ
NFTs only exist in the digital realm, but theyโve quickly become some of the worldโs most valuable collectibles. How valuable, you may ask?
For starters, consider the $7.6 million sale of CryptoPunk #3100, a profile picture (PFP) NFT that depicts a blue zombie. Then thereโs The Merge, a digital artwork comprised of 312,686 pieces. In December 2021, it was sold to a collective of 28,983 buyers who, altogether, paid $91.8 million.
All of this hype has led some of the worldโs oldest auction houses to begin selling NFTs through online events. This includes Christieโs (founded in 1766), which surpassed $100 million in NFT auction sales in less than a year.
Whether this momentum can carry forward is questionable. Interest in NFTs has plummeted, and crypto markets remain incredibly volatile.
Agriculture
Which Countries Produce the Most Wheat?
Global wheat production is concentrated in just a handful of countries. Hereโs a look at the top wheat-producing countries worldwide.

Visualizing Global Wheat Production by Country (2000-2020)
Wheat is a dietary staple for millions of people around the world.
After rice and corn (maize), wheat is the third most-produced cereal worldwide, and the second-most-produced for human consumption. And considering wheatโs importance in the global food system, any impact on major producers such as droughts, wars, or other events, can impact the entire world.
Which countries are the largest producers of wheat? This graphic by Kashish Rastogi visualizes the breakdown of 20 years of global wheat production by country.
Top 10 Wheat Producing Countries
While more than 80 different countries produce wheat around the world, the majority of global wheat production comes from just a handful of countries, according to data from The Food and Agriculture Organization of the United Nations (FAO).
Here’s a look at the top 10 wheat-producing countries worldwide, based on total yield in tonnes from 2000-2020:
Rank | Country | Continent | Total yield (tonnes, 2000-2020) | % of total (2000-2020) |
---|---|---|---|---|
#1 | ๐จ๐ณ China | Asia & Oceania | 2.4 B | 17.0% |
#2 | ๐ฎ๐ณ India | Asia & Oceania | 1.8 B | 12.5% |
#3 | ๐ท๐บ Russia | Asia & Oceania | 1.2 B | 8.4% |
#4 | ๐บ๐ธ U.S. | Americas | 1.2 B | 8.4% |
#5 | ๐ซ๐ท France | Europe | 767 M | 5.4% |
#6 | ๐จ๐ฆ Canada | Americas | 571 M | 4.0% |
#7 | ๐ฉ๐ช Germany | Europe | 491 M | 3.5% |
#8 | ๐ต๐ฐ Pakistan | Asia & Oceania | 482 M | 3.4% |
#9 | ๐ฆ๐บ Australia | Asia & Oceania | 456 M | 3.2% |
#10 | ๐บ๐ฆ Ukraine | Europe | 433 M | 3.1% |
China, the worldโs largest wheat producer, has yielded more than 2.4 billion tonnes of wheat over the last two decades, making up roughly 17% of total production from 2000-2020.
A majority of Chinaโs wheat is used domestically to help meet the countryโs rising food demand. China is the worldโs largest consumer of wheatโin 2020/2021, the country accounted for approximately 19% of global wheat consumption.
The second-largest wheat-producing country is India. Over the last two decades, India has produced 12.5% of the worldโs wheat. Like China, India keeps most of its wheat domestic because of significant food demand across the country.
Russia, the worldโs third-largest wheat producer, is also the largest global exporter of wheat. The country exported more than $7.3 billion worth of wheat in 2021, accounting for approximately 13.1% of total wheat exports that year.
Russia-Ukraine Impact on Global Wheat Market
Because Russia and Ukraine are both significant global wheat producers, the ongoing conflict between the two countries has caused massive disruptions to the global wheat market.
The conflict has had an impact on adjacent industries as well. For instance, Russia is one of the worldโs major fertilizer suppliers, and the conflict has led to a global fertilizer shortage which could lead to food shortages worldwide.
Markets
3 Reasons for the Fertilizer and Food Shortage
Bad weather, the war in Ukraine, and a shortage of fertilizer have led to fears of a global food crisis. Here are three factors you should know.

3 Reasons for the Fertilizer and Food Shortage
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Bad weather, the Russian invasion of Ukraine, and a shortage of fertilizer have led to fears of a global food crisis.
This infographic will help you understand the problem by highlighting three key factors behind the mounting food crisis.
#1: The Fertilizer Shortage
Since the beginning of the Russian invasion of Ukraine in February 2022, the war has disrupted shipments of fertilizer, an essential source of nutrients for crops.
Russia is the world’s top exporter of nitrogen fertilizer and ranks second in phosphorus and potassium fertilizer exports. Belarus, a Russian ally also contending with Western sanctions, is another major fertilizer producer. In addition, both countries collectively account for over 40% of global exports of the crop nutrient potash.
Here are the top 20 fertilizer exporters globally:
Rank | Country | Exports Value (Billions in USD) |
---|---|---|
#1 | ๐ท๐บ Russia | $12.5 |
#2 | ๐จ๐ณ China | $10.9 |
#3 | ๐จ๐ฆ Canada | $6.6 |
#4 | ๐ฒ๐ฆ Morocco | $5.7 |
#5 | ๐บ๐ธ United States | $4.1 |
#6 | ๐ธ๐ฆ Saudi Arabia | $3.6 |
#7 | ๐ณ๐ฑ Netherlands | $2.9 |
#8 | ๐ง๐ช Belgium | $2.6 |
#9 | ๐ด๐ฒ Oman | $2.6 |
#10 | ๐ถ๐ฆ Qatar | $2.2 |
#11 | ๐ฉ๐ช Germany | $1.5 |
#12 | ๐ฎ๐ฑI srael | $1.5 |
#13 | ๐ช๐ฌ Egypt | $1.5 |
#14 | ๐ฑ๐น Lithuania | $1.4 |
#15 | ๐ฉ๐ฟ Algeria | $1.4 |
#16 | ๐ช๐ธ Spain | $1.3 |
#17 | ๐ฏ๐ด Jordan | $1.3 |
#18 | ๐ต๐ฑ Poland | $1.2 |
#19 | ๐ฒ๐พ Malaysia | $1.0 |
#20 | ๐ณ๐ฌ Nigeria | $1.0 |
The main destination of fertilizer exports from Russia are large economies like India, Brazil, China, and the United States.
However, many developing countriesโincluding Mongolia, Honduras, Cameroon, Ghana, Senegal, and Guatemalaโrely on Russia for at least one-fifth of their fertilizer imports.
Furthermore, the war intensified trends that were already disrupting supply, such as increased hoarding by major producing nations like China and sharp jumps in the price of natural gas, a key feedstock for fertilizer production.
#2: Global Grain Exports
The blockade of Ukrainian ports by Russiaโs Black Sea fleet, along with Western sanctions against Russia, has worsened global supply chain bottlenecks, causing inflation in food and energy prices around the world.
This is largely because Russia and Ukraine together account for nearly one-thirdย of the global wheat supply. Wheat is one of the most-used crops in the world annually, used to make a variety of food products like bread and pasta. Additionally, Ukraine is also a major exporter of corn, barley, sunflower oil, and rapeseed oil.
Producer | Grain Exports in Million Tons (MT) |
---|---|
๐บ๐ธ United States | 93MT |
๐ท๐บ Russia & ๐บ๐ฆ Ukraine | 87MT |
๐ฆ๐ท Argentina | 56MT |
๐ช๐บ EU | 50MT |
๐ง๐ท Brazil | 44MT |
Other | 87MT |
As a result of the blockade, Ukraine’s exports of cereals and oilseed dropped from six million tonnes to two million tonnes per month. After two months of negotiations, the two countries signed a deal to reopen Ukrainian Black Sea ports for grain exports, raising hopes that the international food crisis can be eased.
#3: Recent Food Shortages
Besides the war in Ukraine, factors including the COVID-19 pandemic and climate change resulted in nearly one billion people going hungry last year, according to United Nations.
Franceโs wine industry saw its smallest harvest since 1957 in 2021, with an estimated loss of $2 billion in sales due to increasingly higher temperatures and extreme weather conditions.
Heat, drought, and floods also decimated crops in Latin America, North America, and India in recent months. Between April 2020 and December 2021, coffee prices increased 70% after droughts and frost destroyed crops in Brazil.
In the face of multiple crises, the World Bank recently announced financial support of up to $30 billion to existing and new projects in areas such as agriculture, nutrition, social protection, water, and irrigation.
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