How Much Is The Girls on the Bridge Worth?

$45-75 million

Last updated: April 29, 2026

Quick Facts

Last Sale
$54.5M (2016, Sotheby's New York)
Methodology
comparable analysis

For a confirmed, museum‑quality 1902 Pikene på broen (The Girls on the Bridge) by Edvard Munch with clean provenance, catalogue‑raisonné entry and good condition, I estimate fair market value at roughly $45–75 million. This band is driven primarily by the identical canvas’ Sotheby’s sale history (notably the $54,487,500 realized in 2016) and subsequent market comparables; final price will pivot on provenance, condition and technical authentication.

The Girls on the Bridge

The Girls on the Bridge

Edvard Munch, 1902 • Oil on canvas

Read full analysis of The Girls on the Bridge

Valuation Analysis

Primary valuation basis: The most directly relevant market evidence is the identical 1902 canvas offered and sold at Sotheby’s New York (realized $54,487,500). That sale establishes a clear market precedent and underpins the mid‑eight‑figure valuation band for a museum‑quality autograph work with complete documentation [1]. Earlier public appearances of the same physical canvas (including a 2008 Sotheby’s sale for approximately $30.8M) demonstrate significant appreciation over time and confirm ongoing institutional/collector demand for this specific picture [2].

Comparable analysis and range-setting: Using the 2016 realized price as the primary comp, I considered inflation/market movement, subsequent high‑quality Munch sales (mid‑seven to low‑eight figures for major oils in 2021–2025), and the uneven but resilient demand for top‑tier Munch canvases. Adjusting for market volatility (2024 slowdown, selective 2025 recovery) and buyer premium dynamics, a defensible fair market range for an identically authenticated and well‑provenanced 1902 Girls on the Bridge is approximately $45–75 million. The midpoint reflects the 2016 sale adjusted for market context; the low end reflects negotiation/seasonal softness or minor condition/provenance issues, and the high end reflects strong institutional interest or competitive private bidding.

Key contingencies: the figure above assumes (a) the work is the same 1902 autograph canvas or an equivalent museum‑quality version, (b) continuous, documented provenance and inclusion in the catalogue raisonné, (c) sound condition or restorations well documented, and (d) no legal/title impediments. Missing catalogue documentation, condition problems, or unresolved provenance gaps would materially reduce value; conversely, a canonical exhibition/publication history or a timed single‑owner sale to institutions could push realizations toward or above the top of the band.

Practical next steps to firm the valuation: obtain high‑resolution recto/verso images, a current condition report and technical imaging (X‑ray/IR/pigment analysis), and confirm the catalogue‑raisonné entry/exhibition history. If confirmed as the Sotheby’s‑documented 1902 canvas, engagement with a major evening‑sale desk (Sotheby’s/Christie’s) or curated private sale to institutional collectors is recommended to maximize proceeds.

Bottom line: the best public market evidence supports a confident mid‑eight‑figure valuation band; precise pricing requires verification of attribution, condition and provenance before a firm listing or insurance figure is set [1][2].

Key Valuation Factors

Art Historical Significance

High Impact

Pikene på broen (The Girls on the Bridge) is a recurrent, well‑recognized motif in Munch’s oeuvre and sits within his central thematic concerns (relationships, urban solitude and psychological tableau). While not as universally iconic as The Scream or Madonna, the motif is academically and curatorially important and often included in monographs and retrospectives. A museum‑quality 1902 autograph canvas therefore carries strong scholarly interest and institutional desirability. This art‑historical placement supports robust demand among major collectors and museums, elevating realized values when attribution and documentation are secure.

Provenance & Exhibition/Publication History

High Impact

Provenance is decisive for Munch. The documented chain for the 1902 canvas (prominent private holdings and high‑profile auction appearances) materially increased buyer confidence in past sales. Inclusion in major exhibitions and citations in catalogues raisonnés or monographs significantly elevates market value and institutional interest. Conversely, gaps in ownership history, wartime provenance questions, or lack of published scholarship can suppress bids or prevent institutional buyers from participating, reducing realizable price markedly.

Condition & Technical Authentication

High Impact

Condition and any conservation history directly affect value. Original paint layers, minimal retouching, and stable support command premiums. Technical imaging (X‑ray, IRR), pigment analysis and canvas/stretcher forensics that corroborate a c.1902 date and Munch’s hand provide essential assurance. Extensive restoration, heavy overpaint, or unstable support will reduce marketability and price even for an otherwise important composition.

Multiplicity of Versions / Rarity

Medium Impact

Munch painted multiple autograph versions of Girls on the Bridge across his career, which moderates a uniqueness premium versus a one‑off masterpiece. However, not all versions are equal: differences in size, date, quality of execution, and exhibition history create distinct market tiers. A canonical 1902 museum‑scale version with exemplary provenance still commands strong prices; lesser or later variants trade at markedly lower levels.

Market Liquidity & Comparable Sales

High Impact

Recent high‑end Munch sales demonstrate episodic but intense demand for museum‑quality oils. The identical 1902 canvas’ 2016 Sotheby’s result ($54.49M) is the primary comp, supported by earlier and later high‑value Munch sales in the $20–35M band for major oils in the 2020s. Market liquidity is concentrated among a few deep collectors and institutions; when they compete the price can escalate rapidly. Overall, liquidity favors well‑provenanced, exhibited works and supports the proposed mid‑eight‑figure valuation band.

Sale History

Price unknownOctober 21, 1980

Christie's (reported)

Price unknownNovember 12, 1996

Sotheby's New York

Price unknownMay 7, 2008

Sotheby's New York

Price unknownNovember 14, 2016

Sotheby's New York

Edvard Munch's Market

Edvard Munch is a blue‑chip modern artist whose market is anchored by a small set of trophy works (notably The Scream) that set the price ceiling. Outside those unique records, museum‑quality oils and major motifs routinely command multi‑million to low‑eight‑figure results when provenance and condition are strong. Works on paper and prints remain more liquid at lower price tiers. Collectors and institutions prize canonical subjects and documented canvases, making provenance, exhibition history and catalogue‑raisonné confirmation the primary price drivers.

Comparable Sales

Pikene på broen (The Girls on the Bridge)

Edvard Munch

Direct, identical 1902 oil canvas — strongest and most relevant market evidence for this exact physical work.

$54.5M

2016, Sotheby's New York

~$68.7M adjusted

Pikene på broen (The Girls on the Bridge)

Edvard Munch

Earlier public sale of the same physical canvas — shows market appreciation for this exact picture over time.

$30.8M

2008, Sotheby's New York

~$45.2M adjusted

The Scream (pastel on board)

Edvard Munch

Artist auction record and market ceiling — less directly comparable by subject/format but sets the top market benchmark for Munch.

$119.9M

2012, Sotheby's New York

~$145.1M adjusted

Sankthansnatt (Midsummer Night)

Edvard Munch

Recent museum-quality Munch oil of a major motif — good contemporary comp for scale and institutional demand (post-2020 market).

$35.1M

2025, Sotheby's New York

Summer Day / Embrace on the Beach

Edvard Munch

Museum-scale figurative Munch oil sold in the 2020s — useful to gauge demand for major oils outside the very top-tier trophies.

$22.4M

2021, Sotheby's London

~$25.1M adjusted

Current Market Trends

The market has been volatile: a contraction in 2024 was followed by selective recovery in 2025, with a ‘flight to quality’ for well‑provenanced museum pieces. Auction activity is spiky—occasional trophy consignments drive headline numbers—so timing and route to market (curated single‑owner sale vs evening auction) materially influence outcomes. Institutional demand and limited high‑quality supply support strong prices for top Munch oils.

Disclaimer: This estimate is for informational and educational purposes only. It is based on publicly available data and AI analysis. It should not be used for insurance, tax, estate planning, or sale purposes. For formal appraisals, consult a certified appraiser.

Explore More by Edvard Munch

More valuations by Edvard Munch