Pricey Photographs

I recently had an opportunity to view a few auction catalogs featuring photography.  I can’t help but wonder why some of these images are selling at extremely high prices and have maintained their popularity over the years.    Last fall the major auction houses offered hundreds of photographic works for sale.  It appears that the market for this art form is growing.

The prices offered for these exceptional images were amazing.   The prices for most of the photographs ranged from a few thousand dollars to nearly one hundred thousand dollars.  Many of the photographs were created some time ago.  I’m not certain but I have the feeling that some photographer’s works are being sold over and over again. For example, an individual or institution buys a photograph by Kertesz or Atget. At some time in the future puts it is placed back on the market for sale.  I would assume there is some profit from doing this.  The photography market is similar to other works of art like paintings that are highly valued purchased and later sold for profit.

We will probably never completely understand the thinking of art collectors, but I think that if  I were fortunate enought to own a Mapplethorpe gelatin silver print or one by Bruce Weber, I would want to hold on to this extraordinary art for quite some time.