Spanning from 1970 to the present day, the contemporary period of art history represents the most diverse and widely-collected era of artistic production. Contemporary artists draw from the current moment, challenging viewers to consider their reality through another lens. At auction, record-breaking works of contemporary art include Jean-Michel Basquiat’s Untitled (1982) for $110.5 million, Jeff Koons’s Rabbit (1986) for $91 million, and Zao Wou-Ki’s Juin—Octobre 1985 (1985) for $65 million.