$1,151,976, Purchased in November 2010, Christie’s Paris auction.
PHOTOS HAVE BECOME THE NEW COLLECTORS' ART !
Large photos have become more and more prevalent in recent years as focal points in Living Rooms, Foyers, Dining Rooms, etc. I recall hearing, several years ago, that photos were becoming "the new collectors' art."
As noted in "Color and Design Trends : 2011," Sharone Einhorn predicted:
"Large-scale photography, especially of the natural world,"
was an up-and-coming trend to watch. Large-scale photography has become the designers' tool for much of the artwork installed in homes and offices today.
"Large-scale photography, especially of the natural world,"
was an up-and-coming trend to watch. Large-scale photography has become the designers' tool for much of the artwork installed in homes and offices today.
sold for $3,890,500, May 2011, Christie’s New York.
Why have photos become the new item to collect ?
The fact that most 20th-century "masters'" works regularly command millions eliminates the large majority of individuals from collecting.
From an investment standpoint, photography has fallen into one of the
few remaining undervalued markets within the art market...
therefore investments are relatively less risky and certainly less expensive.
few remaining undervalued markets within the art market...
therefore investments are relatively less risky and certainly less expensive.
$1,750,000, Purchased in January 2010, Christmas Yarmarka, Saint Petersburg.
According to Stephen Milioti, (Fortune Magazine) :
According to Stephen Milioti, (Fortune Magazine) :
"In February 2006, Sotheby's achieved the highest-ever single-photograph sale price in history, selling Edward Steichen's "The Pond-Moonlight" for $2,928,000. Also in that sale, two portraits of Georgia O'Keeffe by Alfred Stieglitz cracked the million-dollar mark: "Hands," at $1,472,000, and "Nude," at $1,360,000."
Since this time, Cindy Sherman's "Untitled #96" (1981)" sold for over $3.8M.
Since this time, Cindy Sherman's "Untitled #96" (1981)" sold for over $3.8M.
$1,000,000, Purchased in December 2010, Anonymous Collector
Note the above highest-priced photographs in the world;
their content, their dates - do not necessarily meet any particular criteria.
Note also that two of these photos now belong to two of our country's most prestigious collections, the National Gallery of Art and the MOMA.
their content, their dates - do not necessarily meet any particular criteria.
Note also that two of these photos now belong to two of our country's most prestigious collections, the National Gallery of Art and the MOMA.
One of many photographs used by Jean Louis Deniot in decorating
Paris' Hotel Recamier. (click photo title for pricing)
"Helen, The Big Valley, 2008" by Alex Prager
as seen in House Beautiful magazine, (pricing)
Photo (title/date unknown) by Alex Prager,
2010 Kips Bay Showhouse space designed by Darren Henault
"Equine Photography, #854" (date unknown) by Ray Hartl
as seen in Atlanta Homes Magazine, (pricing)
"Poolside Gossip," 1970 by Slim Aarons
in Palmer Weiss-designed space (pricing)
advertising shoot photo (title unknown) 1968 by LeRoy Grannis
as seen in House Beautiful magazine, (pricing)
Photo (title/date unknown) by Richard Misrach
in Steven Gambrel-designed space via Elle Decor (pricing)
Photo (title/date unknown) by Vik Muniz
via Elle Decor magazine, (pricing)
Paris' Hotel Recamier. (click photo title for pricing)
"Nine Swimming Pools," 1968 series by Ed Ruscha (pricing)
as seen in House Beautiful magazine, (pricing)
2010 Kips Bay Showhouse space designed by Darren Henault
as seen in Atlanta Homes Magazine, (pricing)
in Palmer Weiss-designed space (pricing)
as seen in House Beautiful magazine, (pricing)
in Steven Gambrel-designed space via Elle Decor (pricing)
via Elle Decor magazine, (pricing)
Oversized Flower Photo (title/date unknown) by Oberto Gili
in designer Kathryn Ireland's Ojai home.
According to Emotional Assets collecting and investment group, "Photography...has been growing in both popularity and value in recent years. Photography in particular is gaining interest because of the lower initial investment required. High quality photographs sell in the high hundreds of thousands, as opposed to the millions required to access the top end of the art market."
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New York is by far the largest photography market. When photography dedicated auctions from the top auction houses of Christie’s and Sotheby’s are compared, New York has 85% market share, with London and Paris trailing far behind with 10% and 5% respectively."
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