Collecting guide: works on paper

Everything you need to know from the expert’s terminology to how to hang, with highlights from our upcoming sales

works on paper

Left: Josef Albers (1888-1976), Study for a Homage to the Square, c. 1965-1970. Oil and graphite on paper. 12 x 13⅛ in (30.5 x 33.3 cm). Estimate: $60,000-80,000. Offered in Post-War and Contemporary Day Sale on 15 May 2025 at Christie’s in New York © 2025 The Josef and Anni Albers Foundation / Artists Rights Society (ARS), New York. Right: Egon Schiele (1890-1918), Stehende halbnackte Torsi (recto); Von oben gesehene, vornübergebeugte weibliche Gestalt (verso), 1913. Gouache, watercolour and pencil on paper (recto), pencil on paper (verso). 19 x 12 ½ in (48.2 x 31.7 cm) Estimate: $700,000-1,000,000. Offered in 20th Century Evening Sale on 12 May 2025 at Christie’s in New York

What are works on paper?

The phrase works on paper encompasses a diverse range of media — from drawings and paintings to prints and multiples. Traditionally, artists utilize paper to test out new strategies or think through a larger idea with the immediacy of pencil and charcoal. Oftentimes, this gives outsiders a more intimate glimpse into their creative process, as if the artist is giving you a personal tour of how their mind churns and sifts through ideas. More and more, artists are turning to the medium as a unique way to showcase these visualizations.

Joan Mitchell (1925-1992), Untitled, 1992. Pastel on paper. 29⅝ x 20⅞ in (74.9 x 52.6 cm). Estimate: $300,000-500,000. Offered in Post-War and Contemporary Day Sale on 15 May 2025 at Christie’s in New York

Artists known for working in a diverse range of media are prized for their works on paper. Monumental sculptor, Richard Serra captures the same physical intensity on paper through texture by thickly applying lithographic crayon, paintstick or charcoal. Painter, photographer and printmaker, Ed Ruscha implements a wide range of innovative materials — from gunpowder and blood to Pepto Bismol and caviar — in his paper works as a way to reflect contemporary American life.

Robert Rauschenberg (1925-2008), Night Tide Light, 1961. Solvent transfer, ink, watercolour, gouache and graphite on paper. 22¾ x 28⅞ in (57.7 x 73.2 cm). Estimate: $200,000-300,000. Offered in Post-War and Contemporary Day Sale on 15 May 2025 at Christie’s in New York

On the other hand, Vija Celmins' photo-realistic paintings and drawings bring a sense of intimacy, allowing the viewer to engage closer to nature, almost as if it is under a magnified glass. While Cy Twombly gives viewers the chance to get a closer, sometimes more explicit, look at the artist’s style and motifs used through his unique masterworks. Conversely, Sam Gilliam's works narrow in to his focus on coloration and form, as key precedents of his most acclaimed series, such as his drape paintings.

Roy Lichtenstein (1923-1997), The Kiss, 1962. Graphite on paper, image: 18½ x 14 in (47 x 35.6 cm), sheet: 21 x 16¼ in (53.3 x 41.2 cm). Estimate: $7,000,000-9,000,000. Offered in 20th Century Evening Sale on 12 May 2025 at Christie’s in New York

Earlier, Pierre-Auguste Renoir, living close to the Louvre as a young boy, studied the works of the Old Masters, which informed some of his early pencil drawings. The spontaneity and mobility of working on paper perfectly suited Edgar Degas, who famously carried pencils and pastels to depict the delicate, fleeting movements of ballet dancers. Fernand Léger apprenticed in an architect’s office before moving to Paris in 1900 to work as a draftsman, which, along with his fascination with machinery born from his experience in World War I, informed his dynamic and graphic works on paper. Marc Chagall explored the simplicity of line drawings in pen as well as the vibrancy of gouache and India ink.

Franz von Stuck (1863-1928), Die Sünde. Pastel on blue paper laid down on board, 24⅛ x 15⅛ in (61.3 x 38.2 cm). Estimate: $200,000-300,000. Offered in 20th Century Evening Sale on 12 May 2025 at Christie’s in New York

Why collect works on paper?

Works on paper are generally an accessibly priced medium, making it perfect for emerging collectors looking to get their feet wet or even for more experienced collectors to expand their holdings of a particular artist. Though typically more accessible than works in other mediums, unique works on paper can manifest at a masterpiece level — estimated in the millions.

Andy Warhol (1928-1987), Campbell's Soup Can Over Coke Bottle, 1962. Graphite and watercolour on paper, 23¾ x 18 in (60.3 x 45.7 cm). Estimate: $800,000-1,200,000. Offered in 20th Century Evening Sale on 12 May 2025 at Christie’s in New York

Jean-Michel Basquiat (1960-1988), Untitled (Ape), 1984. Oilstick and coloured pencil on paper, 30 x 22¼ in (76.2 x 56.5 cm). Estimate: $500,000-700,000. Offered in Post-War and Contemporary Day Sale on 15 May 2025 at Christie’s in New York

Where can I see works on paper in the art world?

You can find them at almost any arts institution, including galleries, museums, and libraries. The Metropolitan Museum of Art and the Museum of Modern Art, both in New York, have departments dedicated to works on paper. The Drawing Center in downtown Manhattan reserves their exhibition space exclusively to the medium. Various museums also have libraries in which you can make appointments to peruse their collections revolving around works on paper such as drawings and prints.

Barnett Newman (1905-1970) Untitled, 1945. Watercolour on paper, 15⅛ x 20¾ in (38.4 x 52.7 cm). Estimate: $500,000-700,000. Offered in Leonard & Louise Riggio: Collected Works on 12 May 2025 at Christie’s in New York

Likewise, many different institutions have dedicated museum exhibitions towards works on paper. It can be useful for collectors to look these up to educate themselves. For example, in Jasper Johns’ show, Mind/Mirror, at the Whitney in 2022 there were 121 works on paper featured. This included lithographs, intaglios, silkscreens, drawings, and other types of prints.

Where do they originate from?

Paper dates all the way back to AD105 when it was attributed to Cai Lun, the Chinese Court Official. It was first made from the papyrus plant, hence its name, that lives in Egypt and the Mediterranean Sea. After being processed in China during the Eastern Han period (AD25-220), it spread to the Islamic world during the 8th century. However, it did not progress until it migrated to Medieval Europe in the 11th century when they devised the water-powered plant mill. This process not only assisted with the development of languages and cultures but with religion and art itself.

Mark Grotjahn (b. 1968), Untitled (Pure Crimson Lake Butterfly 817), 2009. Coloured pencil on paper. 23⅝ x 18 in (60 x 45.7 cm). Estimate: $180,000-250,000. Offered in Post-War and Contemporary Day Sale on 15 May 2025 at Christie’s in New York

Keith Haring (1958-1990), Self Portrait, 1987. Sumi ink and gouache on paper. 28⅝ x 43¼ in (72.7 x 110 cm). Estimate: $400,000-600,000. Offered in Post-War and Contemporary Day Sale on 15 May 2025 at Christie’s in New York

What terms should I look out for when collecting works on paper?

It can be daunting to begin collecting new medium. Below are some common definitions that will help you get started.

Artist pinholes: This refers to the tiny pinpricks left on some artworks upon completion, usually at the corners of the paper or centre edges. These are created when an artist chooses to pin a sheet of paper down during production and provide a fascinating insight into an artist’s practice. Artist pinholes are not considered to have a negative effect on an artwork’s overall condition or value.

Backing board: This is a rigid piece of acid-free board that is placed behind the paper to prevent warping or buckling.

Deckled edges: Certain high-quality handmade papers used by artists have a ‘deckled’ or rough edge. Much like artist pinholes, this is not a detail that negatively affects condition or value — many artists prefer to work with deckled-edged sheets. Similarly, perforated edges do not pose an issue to overall condition but are evidence that the artist was using sheets from a bound album or notebook.

Amedeo Modigliani (1884-1920), Cariatide, 1910-1911. Charcoal on paper, 16⅞ x 10⅜ in (43 x 26.5 cm). Estimate: $600,000-800,000. Offered in Impressionist and Modern Works on Paper on 13 May 2025 at Christie’s in New York

Hinging: This refers to how a work on paper is attached to a secondary support like a matte or backing board without harming the artwork. If a work is ‘hinged’ at the upper corners, it can be lifted so that the sheet reverse (the back of the drawing) is visible — much like a door hinge. Works that are described as being mounted along all four edges are pinned down at each corner, meaning that they cannot be lifted from their secondary support.

Julie Mehretu (b. 1970), Untitled, 2002. Ink on vellum over paper. 19 x 22 in (48.3 x 55.9 cm). Estimate: $30,000-50,000. Offered in Post-War and Contemporary Day Sale on 15 May 2025 at Christie’s in New York

Matting: Today, most secondary supports used for works on paper are acid-free; however, this has not always been the case. Many works on paper have come into contact with acidic cardboard and paper over the course of their history. Prolonged exposure can cause paper to darken. A skilled conservator may be able to improve affected works, depending on the severity of the damage, and the media used.

Egon Schiele (1890-1918), Stehende halbnackte Torsi (recto); Von oben gesehene, vornübergebeugte weibliche Gestalt (verso), 1913. Gouache, watercolor and pencil on paper (recto), pencil on paper (verso), 19 x 12 ½ in (48.2 x 31.7 cm). Estimate: $700,000-1,000,000. Offered in 20th Century Evening Sale on 12 May 2025 at Christie’s in New York

How do you care for works on paper?

The key to caring for a work on paper is to pay attention to the environment. As paper is sensitive to its surroundings, such as temperature, light, and humidity, it is integral to store it in a dry, temperature-controlled location away from direct sunlight.

Josef Albers (1888-1976), Study for a Homage to the Square, c. 1965-1970. Oil and graphite on paper, 12 x 13 1⁄8 in (30.5 x 33.3 cm). Estimate: $60,000-80,000. Offered in Post-War and Contemporary Day Sale on 15 May 2025 at Christie’s in New York

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Henri Matisse (1869-1954), Chevelure ruban de fumée, 1942. Charcoal on paper. 20⅝ x 16 in (52.5 x 40.5 cm). Estimate: $200,000-300,000. Offered in Impressionist and Modern Works on Paper on 13 May 2025 at Christie’s in New York

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