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Photography Market – 2nd Half 2017

  • Analyst: Aleksandra Rutkowska
  • Pages: 7
  • Access: Analyst
About this report:

This report presents 6 monthly auction trends between 2009 and 2017. The auction analysis is part of ArtTactic’s 6 monthly reports on the dedicated photography auctions at Christie’s, Sotheby’s and Phillips in London, New York and Paris. This analysis does not take into account photographs sold at other sales, such as Post-War & Contemporary day and evening sales and other more general sales.

Who is it for?

This report is popular among art advisors, auction houses and photography collector who want to get an overall feel for the current market trends, yet an in-depth view into some of the key current sales dynamics in photography.

Key Findings:

Photography Auction Sales up 47.5% in 2017: Sales at Christie’s, Sotheby’s and Phillips dedicated photography seasons have seen a 47.5% increase in 2017, after a weak 2016.

Second half of 2017 sees the photography market accelerating: The result represents an increase of 41.7% from the first half of the year and marks the third consecutive season of sales growth.

The highest photography season since 2014: The autumn season this year saw the highest season total since autumn 2014.

Analytical tools:
Auction House Comparison: Seasonal sales and performance comparison between Sotheby’s, Christie’s and Phillips.
Auction sales trends 2009 – 2017: Six monthly auction sales trends, breaking down the sales into vintage, modern and contemporary photography.
Number of lots sold: Six monthly trends of the type of supply coming to the market and how much of it goes unsold.
Top 10 prices and Top 10 surprises: What sold best and what surprised the experts most?
Price segmentation analysis: What is the best selling price segment by number of lots? Or how much does the top end of the Modern Photography market count in terms of market share?
Geographical focus: Where are the sales taking place? Is the New York Modern Photography market stronger than London and Paris? What is the market shares?

Photography auctions see strong growth in 2017, with sales up 54% from 2016.