I imagine with signs of a recession; people may be conserving their money lowering prices on all art. Who knows what causes these things?
Or perhaps this has nothing to do with photography itself, but rather to the vagaries and cyclical nature of the high value art collectors' market.
Supply and demand. The demand for “ one of kind” or art that only “i” have possession of, is in my mind, on the decline in the market place . It seems to me, people can view “art” for free via instagram. There is so so much supply of art, it’s out of control . So many artist want attention, that they give it away for free or next to free. Buyers are savvy. Either free for the real thing if I want to take the effort. Or free on line if I’m lazy. Art is ubiquitous in our society, like chewing gum on concrete. No body pays attention.
Photography is not the only thing in a slump...
Christie's 20th/21st Century Sale in London Pulled in an Underwhelming $81 Million, Signaling a Market Correction | Artnet News
The sale achieved a high sell-through rate but many lots went under hammer at prices below the lower end of the presale estimates.news.artnet.com
Your article represents a snapshot. The contemporary photography article looked at a trend over time.
I really have to laugh at this discussion! Who on this forum buys or sells in those markets and at those prices?True, I guess we'll have to wait and see what the next set of auctions look like to see if this is a trend
Photography is not the only thing in a slump...
Christie's 20th/21st Century Sale in London Pulled in an Underwhelming $81 Million, Signaling a Market Correction | Artnet News
The sale achieved a high sell-through rate but many lots went under hammer at prices below the lower end of the presale estimates.news.artnet.com
I really have to laugh at this discussion! Who on this forum buys or sells in those markets and at those prices?
True, I guess we'll have to wait and see what the next set of auctions look like to see if this is a trend.
Collectors need to own the art, either to display as part of a collection or to hold on to as an investment. Viewing art of any sort on a computer (unless it was made to be displayed on one), much less on Instagram, is nowhere near the experience of seeing it in person.
Furthermore, if nobody pays attention, why are there galleries, museums and public art?
Wow. Very fluent gibberish.
There are less and less people who agree with “ experience in person” or this was made the artists hands as being high value. High value today is the talking point that I own “xyz” artist. It is to show others you have taste or money. Not that you understand “Aura” or appreciate “Aura” of the art work. ( Walter Benjamin) Most people don’t care.
Go to any museum on “free night” you will clearly see vapid consumerism at its best. It’s social hour with a twist of “ can I meet someone here tonight that’s artsy?
Galleries ( brick and mortar) are in decline. Yes, they are still there, but less than 40 years ago. And not making money. Auctions houses are making money, only because they know how to leverage the market, most galleries do not!!
Go on line now, and see any piece of art you wish “ for free” and read about quickly to gain the talking points. In 5 minutes you can move on to something else, or another idea, website, etc. see it ! Throw it away! See it , throw it away! Repeat until you have consumed the world . In between martinis! Cheers!
…saw three different Sunrise over Hernandez prints. One dealer had his at around $80,000; another at $115,000 and the last at around $140,000.….
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