Photography Auctions... treding water...??
So... last week while the Stock market was
crashing falling... The major NYC auction houses held their fall photo auctions.
We're sad to say.. MAO bought noting!! Maybe, restraint is the better part of valor!!
So, There were some stupid high prices, as well as some bargains. It was also nice to see some MAO favorite artists work being well bid by wise collectors.
Strong results were all observed for.. Larry Clark (a Tulsa portfolio sold for $66k), Andre Kertesz, Herb Ritts, Abe Morell, Robert Mapplethrope, Matthew Pillsbury, Alec Soth, Massimo Vitali, and Nan Goldin.
The regular food fight bidding on work by Robert Frank, Richard Misrach, Gregory Crewdson,
and Diane Arbus (photo 1, Lot 95, Diane Arbus, The King and Queen of a Senior Citizens Dance, NYC, 1970.. sold for $36k) works..
seemed a bit less
Well..it's about time!!
But no NYC art auction would be complete without it's stupid high bids. It would
seem Irving Penn work still manages to sell at crazy high prices Lot 136 sold for $102,000...
Cindy Sherman ($300,000), and a
It was also curious to note, the "Buy-In rate", the lots that didn't make it to the minimum bid.. was a bit higher than last year... almost 21% at Phillips.
Hmm signs of the market cracking..? Maybe?
or have collectors finally come to their senses and stopped buying
just any old crap all the brand new untested art the auction houses keep putting up on the block?