What is blue chip art?

Blue chip art refers to works of art produced by renowned artists that are highly sought after and have a long-standing reputation for quality and value. These pieces are often considered to be cultural icons and have a reputation for appreciating in value over time. Blue chip artists include Martin Kippenberger, Pablo Picasso, Jeff Koons, and Damien Hirst, among others. The term "blue chip" comes from the world of finance, where it is used to describe large, stable companies with a proven track record of growth and profitability. Similarly, blue chip art refers to works that are seen as a sound investment due to their established value and prestige. These works are often sold at high prices at exclusive galleries and auction houses and are collected by wealthy individuals and museums around the world.