Contemporary Photography 2009

US & European Market Report

Highlights:

Price drop has levelled out: The recent Photography sale in Phillips de Pury in London in October 2009, showed an increase in average auction price of 18% from the last sale in May 2009.

Market confidence returning: The Photography Market Confidence Indicator currently stands at 51 in June 2009, up from 36 in December 2008.

Contemporary Photography increased its market share: The contemporary photography market segment has increased its market share in dedicated Photography auction sales from a 21% share in 2008, to 33% in 2009.

Increasing institutional interest in Asian photography: Over the last years, a number of international museums have started to acquire Chinese contemporary photography for their permanent collections.

New institutional support and improved infrastructure in London: Tate has for the first time appointed a curator of Photography, and there are plans for the National Media Museum to establish an outpost in London. The Photographers’ Gallery has also expanded to a new, larger venue.

The report includes auction market analysis, art market confidence analysis and an overview of the photography market infrastructure, focusing on the key players in the market.

No. Pages: 28