2010 Photography Auction Summary
January 4, 2011 | Source: Monroe Gallery of PhotographyThe DLK Collection Blog is always on our daily "must read" list. In case you may have missed it, yesterday they posted a highly informative review of 2010's photography auctions. The results were quite astonishing:
"Across the photography auction market for the entire year, the total sale proceeds taken together were $136,948,680, up by more than 83% from last year's total of $74,612,997. These numbers were driven by both higher average selling prices and better sell through."
The article concludes: "Overall, in a year of stabilization and renewed growth, Christie's seems to have taken it to its competitors a bit. The house doubled its total sale proceeds for photography from the previous year, dramatically increased its average selling price per lot (even when diluted by a sale of lower priced photobooks), and took share from the market.
Looking forward, if the economic environment continues to slowly but steadily improve, I think we can expect that 2011 will be another solid year at auction. Big numbers are driven by the quality of material that is consigned and the overall confidence in the marketplace; 2010 had the landmark Penn, Avedon, and Polaroid sales (among others) and the beginnings of forward looking optimism. For 2011 to top 2010, we'll need to see more superlative material come out into the markets, particularly in the realm of photography that is classified as contemporary art, and we'll have to see a continued positive outlook from collectors."
Read the full post here.
Related: Thoughts on the Fall Auctions
The Trumph of Photography