No. 5, 1948 By Jackson Pollock ($148.1 Million)

Jackson Pollock, an American abstract painter, created this painting in 1948. David Geffen (DreamWorks SKG) sold the painting to a Mexican businessman David Martinez. The deal fetched David Geffen $148.1 million. 

The price of a painting depends on the popularity of painter. Most of these paintings were painted by some of the top artists in the world like Pablo Picasso, Vincent Van Gogh, etc.