Ballade 1:
I think this is the most played of them all, and rightfully so. I classify it as being right next to the 4th ballade in terms of the diversity and brilliance as well as level of 'epicness'. This piece never ceases to excite me, and I view it as one of the greatest pieces of music ever written for the piano.
Favorite performance: Vladimir Horowitz, Carnegie Hall, 1968
Ballade 2:
I feel this ballade is heavily underrated. Even when it was published it was considered "less genius than the first", but I disagree. Just because it isn't flashy doesn't mean it wasn't masterfully written. After all, this was the product of a genius mind. The slow section gives me great serenity in a way no other piece can. The 'presto con fuoco' sections and the coda are equally as moving, but in a different kind of way of course. I think you can really hear Chopin's thoughts in this piece. Being dedicated to Robert Schumann, I can easily see the correlation between this ballade and Schumann's life.
Favorite performance: Ivo Pogorelich, International Chopin Competition, 1980
Ballade 3:
I love this ballade us much as the rest, though I still think it's the underdog of the four. It is the least difficult technically and the shortest in length. Despite the long intro, I feel it does a great job at keeping one focused. Though the scherzando section isn't as energetic as the first ballade's, I enjoy it just as much. I am currently working on this piece as I write this and I'm having a blast doing so.
Favorite performance: Arthur Rubinstein (studio recording)
Ballade 4:
This is regarded by many to be the greatest of the four. I don't fully agree due to my feelings about the first ballade, since I view them as being in the same class as each other. This being said, there is an obvious difference in the maturity between the two. I think this piece is truly the pinnacle of Chopin's genius at play. I love the way Chopin repeats the main theme, each time getting more and more complex, eventually going completely berserk. To me, this piece also wins a spot at one of the greatest pieces in piano literature.
Favorite performance: Stanislav Bunin, International Chopin Competition, 1985