The collector nevertheless told The Guardian that he believes that Damien Hirst would be remembered for generations to come.
Saatchi said: "General art books dated 2105 will be as brutal about editing the late 20th century as they are about almost all other centuries.
"Every artist other than Jackson Pollock, Andy Warhol, Donald Judd and Damien Hirst will be a footnote."
Regarding the relative lack of Britart at the Tate, he added: "The Tate curators didn't know what they were looking at during the early 1990s, when even the piddliest budget would have bought you many great works.
"But I'm no better. I regularly find myself waking up to art I passed by or simply ignored."