Artprice by Art Market Latest Auction Records in Photography
Auction turnover from Post-War and Contemporary Art photographs
PARIS, Aug. 16, 2019 /PRNewswire/ -- Although Photography currently accounts for just under 2% of the total value of the global secondary art market, the medium has become a permanent feature of the art world after a lengthy process of acceptance that dates back to the end of WWII and which has markedly accelerated in the last two decades. Today, the world's most influential galleries all devote energy and space to the photography medium. David Zwirner, for example, officially represents 66 artists, of whom nine are photographers.
Being a relatively recent art form, the world's top-selling artists in the photography segment are not contemporaries of the world's top-selling early 20th century artists in other media (painting, sculpture or print). They are much closer to us... and in most cases are our contemporaries.
thierry Ehrmann, Artprice's founder/CEO, sees extraordinary potential: "Photography's share in the Art Market is not yet fully developed so it still offers exceptional opportunities for young art-lovers to start their collection. As the medium has morphed from analog to digital, an entirely new market has emerged with its own codes, its own references and even its own specific museology. This new market has managed to encompass the iconic photos of the major press agencies along with photographs created as art. The market recognises that as soon as the personality of a photographer permeates his/her work, the author of that oeuvre may be considered an artist. Artprice – the world leader in the collection and distribution of Art Market information since its creation in 1987 – has always considered photography an artistic medium in its own right. In the 1980s and 1990s it was still considered a 'distant relation' to Contemporary art."
In historical terms, photography's artistic maturity is happening now! That is why international events like the Rencontres d'Arles are so important and significant and why we are seeing the emergence of a number of new photographers whose market prices are moving very rapidly.
Top 5 new records for photographers under 45 in H1 2019
1. Richard MOSSE (b. 1980) - Nowhere to Run (Infra series) (2010)
$48,000 – 16 May 2019 - Phillips London
2. Kourtney ROY (b. 1981) - Sorry, No Vacancy 7 (2017)