From one photography collector to another: a venue for thoughtful discussion of vintage and contemporary photography via reviews of recent museum exhibitions, gallery shows, photography auctions, photo books, art fairs and other items of interest to photography collectors large and small.
Friday, October 31, 2008
Photography in the New York Times
Of course, there is great photography published in every section, every day in the NYT. But I decided not to count great photojournalism in this tally; only the articles in the Arts section which covered the medium as an art form. (There was recently an article about a well known collector in the Obituaries which I also did not count.) I also did not count the advertisements for gallery shows and auctions, of which there were many.
So here's the data:
October 3
Full article in Arts about Gilbert & George at the Brooklyn Museum (Cotter)
Short article in Arts about Josef Koudelka at Aperture (Smith)
Short blurb in Listings about Catherine Opie at the Guggenheim (Cotter)
Short blurb in Listings about New Photography 2008 at the MoMA (Rosenberg)
Short blurb in Listings about Hans Silverster at Marlborough (Smith)
Short blurb in Listings about Roe Etheridge at Kreps (Johnson)
October 10
Short blurb in Listings about Gilbert & George at the Brooklyn Museum (Cotter)
Short blurb in Listings about Catherine Opie at the Guggenheim (Cotter)
Short blurb in Listings about Josef Koudelka at Aperture (Smith)
October 17
Short blurb in Listings about Gilbert & George at the Brooklyn Museum (Cotter)
Short blurb in Listings about Catherine Opie at the Guggenheim (Cotter)
Short blurb in Listings about Susan Meiselas at the ICP (Johnson)
October 24
Short blurb in Listings about Catherine Opie at the Guggenheim (Cotter)
Short blurb in Listings about Josef Koudelka at Aperture (Smith)
October 31
Short blurb in Listings about Catherine Opie at the Guggenheim (Cotter)
Short blurb in Listings about America and the Tintype at the ICP (Rosenberg)
So what are the conclusions?
First, anecdotally, I think of photography as being generally well represented in the NYT, but at least in the last month, this wasn't the case. If you are a purist and eliminate Gilbert & George from your count, then there was only one real article longer than one paragraph in the entire month. I also think of the Sunday Arts & Leisure being a good place for photography in more depth, but not so this month.
Second, I had not noticed how the NYT clumps the Arts news together and pushes it out on Fridays. I also had not really noticed how the same shows get repeated week to week in the Listings.
Third, the group above is mostly established, well known artists. Not a lot of experimentation or coverage of emerging artists going on here.
Fourth, there is no coverage of any exhibits outside of the New York area.
Lastly, they have clearly delivered the message that if you are going to see only one exhibit of photography any time soon, it should be the Catherine Opie show.
This post is not meant as a gotcha on the NYT. I conceived of it as simply a data gathering exercise to see if there were any patterns (and indeed, there were). I came away with the conclusion that if you are passionately interested in photography (as we are), the NYT can be a good first pass source, but if you want a fuller picture of the real action in this medium, you will need to look elsewhere to bring in other viewpoints. All in all, perhaps that conclusion is not surprising.
Happy Halloween!
Stein's artist site can be found here, with images from all four series, as well as the other usual biographical information. And while her work doesn't fit into the narrow definition of our particular collection, we will continue to pay attention as her career evolves.
Thursday, October 30, 2008
Photo Book Grab Bag
So today's post outlines (in summary form) a handful of books that we've have piled up in recent weeks. I don't believe there is any pattern to this particular group, but plenty of interesting material nonetheless:
1.) Light Readings, A Photography Critic's Writings, 1968-1978, A.D. Coleman, University of New Mexico Press, 1998 (second edition)
Believe it or not, we had never heard of this book until recently, when it came up in passing during an email exchange with gallery owner Joseph Bellows. I have since spent time reading each and every essay in this volume, and can wholeheartedly recommend finding a copy and reading it for yourself. These essays show what it was like to be a photography critic in the late sixties and early seventies, and you can clearly see Coleman struggling with what that meant and how to approach the task. What I appreciate most is that he was unmerciful. When he didn't like a show or a book he read, he said so, with a level of scholarship, intelligence and wit that is virtually absent from our public discourse on photography today; when he did find something of value, he was eloquent in his support. Overall, the level of craftsmanship in the essays is consistently high. This book has been inspiring to me (in the context of this blog) to work to reach for a higher standard of quality in our posts, and to be honest in our appraisals of what we see (rather than simply reporting that everything is wonderful), even when it might be unpopular. Go out and get this book if you don't have it already.
2.) Think of England, Martin Parr, Phaidon Press, 2000
We have run across the work of Martin Parr in quite a few places recently, and since we didn't have any books of his in our library, we decided to start with this one. Parr is famous for his humor, and while this is clearly evident in these images, I was struck by the careful framing and thoughtful use of color across this entire volume. These are very well made, memorable photographs.
3.) Delta West, The Land and the People of the Sacramento San Joaquin Delta, Roger Minick, Scrimshaw Press, 1969
While these images were made in the 1960s in the Sacramento delta in California, they echo images from the FSA in the 1930s, full of dusty roads, falling down shacks, and farm workers. This book has high quality reproductions of the photographs, interspersed with commentary from the residents.
4.) Dan Graham, Gloria Moure, Ediciones Poligrafa, 1998
Dan Graham's color photography of houses and buildings in the 1960s seems to be coming up again and again for us, and so we needed to get some background on his career. This book has some excellent examples of these housing tract images, as well as a solid retrospective of all his work, from video and performance art, to conceptual installations and other structural elements. While his photographs aren't particularly representative of all that he has done, they would clearly fit well with Lewis Baltz and Robert Adams.
5.) It's Beautiful Here, Isn't It..., Luigi Ghirri, Aperture, 2008
We've seen a few Ghirris in the past months, and are looking forward to the Ghirri show to be held at Aperture in November (which we will certainly visit). We bought the book to get a fuller view of his work, especially in the context of trying to get our heads around color work from the 1970s and 1980s. It's an excellent volume, showing an extended exploration of how color can be used as an element of picture making.
6.) Roy DeCarava, A Retrospective, Peter Galassi, Museum of Modern Art, 1996
We have been exposed (pardon the pun) to a city scene or two by DeCarava that might fit into our collection, so I wanted to get a better picture of DeCarava's career (since we weren't particularly familiar with it) and thus we bought this retrospective book. In looking through this exhibition catalogue, there are indeed some terrific city views of Harlem that would match our collection. But these bare, geometric prints are a minority in a spectacular body of work that is focused on people and their lives. These images are a testament to the power of photography in capturing the quiet, fleeting moments of life. I was also impressed by the tonal range of these prints, especially the dark greys and blacks, and how well they are handled; there is some amazing craftsmanship at work here.
7.) Sequences, Duane Michals, Doubleday, 1969
Duane Michals will likely never be represented in our collection, but we've seen so many of his sequences over the years that we felt the need to have a book to better understand how all the work fits together. This is a simple volume of thought provoking works that explore the nature of narrative and time in photography.
The library is always expanding, so by all means, tell us about great photo books we may have missed in the comments section.
Wednesday, October 29, 2008
Auction: La Photographie IV: Collection Marie-Therese et Andre Jammes, November 15, 2008 @Sotheby's
Given the unspoken move away from 19th century material in the mainstream photography market (evidenced by the very few 19th century lots among the literally thousands of photographs for sale in this season's auctions), it is refreshing to get a full dose of unexpected 19th century work in a single sale. There are a total of 192 lots in this sale, approximately 30 of which are buy-ins from the previous sales (now with lower estimates). The total high estimate for the sale is 2970800 Euros, and given the success of the previous parts of this sale, it won't be surprising if this sale also performs strongly, even in the face of volatile market conditions.
Here's the breakdown:
Total Low Lots (high estimate below 7500 Euros): 98
Total Low Estimate (sum of high estimates of Low lots): 385800 Euros
Total Mid Lots (high estimate between 7500 and 35000 Euros): 77
Total Mid Estimate: 1160000 Euros
Total High Lots (high estimate above 35000 Euros): 17
Total High Estimate: 1425000 Euros
Given that we have very little 19th century material in our collection, there aren't many lots that fit for us in this sale. This is a result of the parameters of our genres, rather than any comment on the high quality of the work in this sale. A couple of lots that do fit are:
- Lot 178 Germaine Krull, Metal (a photo book we have long wanted to have for our library)
- Lot 187 Emmanuel Sougez, Etude Industrielle, 1930
La Photographie IV: Collection Marie-Therese et Andre Jammes
November 15
Sotheby's
76, Rue Du Faubourg Saint-Honore
75008 Paris
Tuesday, October 28, 2008
New Exhibits @JGS Forward Thinking Museum
- David Maisel, Oblivion: There are 8 high contrast black and white aerial views of Los Angeles in this exhibit, filled with patterns of freeways, developments, streets and intersections. There are certain reminders of Ed Ruscha in these prints, but in a much darker, moodier, almost apocalyptic way. There are also a few negative prints that are even more haunting.
- Jan Banning, Bureaucratics: This show is a series of 49 color portraits of bureaucrats from all over the world (Yemen, India, China, Bolivia etc.), sitting behind their desks. They are a fascinating kaleidoscope of odd environments, with flags, political portraits, bold paint, and other surprising accoutrements.
- JGS Theater: There are 30+ videos of various photographers on view in the "theater". While I haven't seen them all, I have enjoyed Naoya Hatakeyama's The Skin of the City, Daido Moriyama's Memories of a Dog, and Stephen Shore's American Beauty. They all incorporate the photographer talking directly about his work.
- Risaku Suzuki, Snow and Cherry Blossoms: There are 22 color images in this exhibit. The blurred images of snow against the night sky and of a clear blue sky seen through a veil of pink cherry blossoms are quiet and lovely, without being cliche.
- Martin Parr, Art World Openings: This show has 22 color images of patrons at art openings, some looking at the art, some looking at each other. Parr's wry observations are palette cleansing in a world of people taking themselves too seriously.
- Daido Moriyama, Shanghai: There are 45 black and white images of Shanghai in this exhibit. It is interesting to see Moriyama, whom we associate with uniquely Japanese subjects, taking his eye for darkness and shadows to China.
By the way, if you subscribe to the feed from this blog, your reader will show an earlier post showing some random notes I inadvertently published this morning, which I have since deleted (but the first mistaken post doesn't disappear for you unfortunately). Sorry for the confusion.
Monday, October 27, 2008
Auction: Photographs, Featuring Works from the Estate of Dan Berley, November 21, 2008 @Rago
Total Low Estimate (sum of high estimates of Low lots): $857600
Total High Estimate: $120000
- 1032 Dr. Dain Tasker, Fuschia - Upright Type, 1930s
- 1042 Karl Struss, Cables, Singer Building, 1912
- 1080 Imogen Cunningham, Two Callas, 1929/1970
- 1084 Imogen Cunningham, Triangles, 1928/Later
- 1137 Edward Steichen, The George Washington Bridge, 1931 (image at right, top)
- 1146 Ralston Crawford, Interior View of Station, Newark, 1942 (image at right, bottom)
- 1254 Aaron Siskind, Chicago, 1952
Friday, October 24, 2008
Jeff Curto's History of Photography Podcast
While I think most collectors have a decent general understanding of the history of the medium, what I have liked about this class is that it has both refreshed my memory about some things I already knew and filled in some gaps, especially in the areas of 19th century processes (can you remember how wet collodion and gum bichromate were actually done?) and the relationship between 19th century photography and the other arts and culture of that time. I have listened to the first 7 lectures (so I am not quite current), and most of them have been thematic, rather than chronological in their organization. After setting the context of the course with a whirlwind tour of the invention and history of photography in the first couple of lectures, Curto has focused on portraiture (with a heavy emphasis on daguerrotypes by Southworth & Hawes), transportation (Grand Tour and western exploration photography), the interaction between photography and painting, and most recently, stereoscopic photography and photography of standard subjects (particularly 19th century landscapes). I believe there are 8 more lectures to come.
I have enjoyed listening to this course and would recommend it to you as a collector, unless you have a Ph.D. in photography (in which case it will be completely review).
The podcast website can be found here. There are links on this page to iTunes (for getting the podcast - it's free by the way), as well as to the class homepage and other resources.
As an aside, if you spend some time digging around on iTunes, you'll find that many major museums (MoMA, SFMOMA, Tate Modern etc.) are making their artist lectures and interviews, recorded at live events, available for free as podcasts. I have recently listened to some interesting talks given in the past few years by Hiroshi Sugimoto, Wolfgang Tillmans, Nan Goldin and others, dug up from these archives, and I have Jeff Wall, Gilbert & George, Robert Adams, and Dan Graham all queued up for my next plane trip. A good (and somewhat hidden) resource worth exploring.
Thursday, October 23, 2008
In Search Of: Imogen Cunningham Tuberose
This blog continues to be an experiment in how the process of collecting can be augmented by the virtual world. And so today, we are going to try a new feature, called In Search Of (you may remember a 70's TV show by the same name, but in that case, Leonard Nimoy was searching for Bigfoot and aliens, not photography). The concept behind this type of post is simple: tell the community of readers what you are looking for (no matter how random or arcane), and maybe someone out there will have some useful information to contribute. Perhaps a dealer will read this and have that exact work hiding in a flat file somewhere. Perhaps a collector will have the image and be ready to deaccession or trade it. Or perhaps someone will see a print in an obscure auction somewhere and call your attention to it.
To test drive the process, we'll start with an image that has been on our short list for a long time. If you have looked at our collection, you will likely notice that Imogen Cunningham is our largest holding. Her florals and nudes are amazing (we think), and the Tuberose, from the 1920s, is one of our favorites. Here's the image (scan courtesy of the Met collection):
Given all the florals that Cunningham did, you may ask yourself why we are interested in this specific image; it is clearly a good one, but there are many that are far more unusual. The reason is that my wife and I very much enjoy this particular type of flower; it has an amazing fragrance. So we're particularly interested in adding this image to our collection, as it has a sort of sentimental value for us.
We have only ever seen one print of this image in the market, and it was a later print that we somehow let slip through our fingers (and is now at the top of our "Ones That Got Away" list). At this point, we are interested in finding any high quality print we can: signed/unsigned, vintage/later, variant cropping, etc. as long as it is in decent condition. So if you know anything about a print of this image, please post a comment directly in the blog or send us an email at search@dlkcollection.com, if you prefer some privacy. We'll certainly update everyone if something good happens.
If you are a collector out there searching for something in particular, we'd be happy to feature your search next time we do one of these posts (perhaps once a week if there is interest). Send us (at the same search@dlkcollection.com address):
- a scan of the image you're chasing
- as many details as you have (artist, title, negative date, size etc.)
- how you'd like to be contacted (either via post in the blog or via email directly)
We are happy to be a blind router of information between parties to start, if privacy is of importance to either side (one collector friend likes to call this the "cone of silence"), but please be aware that we intend to get out of the way and let the parties talk between themselves as soon as possible, and that openness is what is making this process work.
We hope this idea just might work and people can get the word out about specific images they have been agonizing over for a long time. If it doesn't, we are no worse off, as there is little downside in our minds to readers knowing what we are looking for. And if, in the process, we expose people to new images they weren't aware of, then we're all getting educated along the way. If we've missed some important part of the process, by all means, let us know. Otherwise, let's see what happens.
Auction: Photographies, October 29, 2008 @Yann Le Mouel, Paris
Here's the breakdown (break points in Euros chosen to roughly match the break points used in dollars for the US sales):
Total Low Lots (high estimate up to 7500 Euros): 310
Total Low Estimate (sum of high estimates of Low lots): 546800 Euros
Total Mid Lots (high estimate between 7500 Euros and 35000 Euros): 10
Total Mid Estimate: 206000 Euros
Total High Lots (high estimate above 35000 Euros): 2
Total High Estimate: 120000 Euros
We are always struck when the European catalogues start to arrive at just how subtly different the photographic aesthetic is from the dominant American view (a large generalization I realize, but meaningful for us nevertheless). Seen over a handful of lots, it's easy to miss or gloss over; seen over hundreds of lots, across many photographers known and unknown, the difference in overall feel (or the "eye") becomes very much more pronounced.
Below are a handful of lots we find of interest:
- Lot 57 Albert Rudomine, Nu feminin, c1925
- Lot 78 Roger Parry, Nu, 1930
- Lot 108 Manuel Alvarez Bravo, Liba, Mexico, 1979
- Lot 116 Germaine Krull, Pont de Crimee, Paris, 1927/1960
- Lot 158 Margaret Bourke-White, Aluminum Rods & Bars in Stock, 1939 (image at right)
Photographies
October 29th
Yann Le Mouel
22, Rue Chauchat
75009 Paris
Wednesday, October 22, 2008
Weston Elbow Revisited
Let's start with some background. Here is a snippet of the text from the Christie's catalog, describing this lot:
"Elbow is, then, rather a curiosity. If any other prints exist of the image, they are certainly few in number. It is not in the collection of The Center for Creative Photography and is unillustrated in the usual documentary sources. It is however a masterpiece..."
Then yesterday, in gallerist Alex Novak's E-Photo Newsletter #150, in listing a bunch of lots that passed at Christie's, Alex wrote the following:
Edward Weston's Elbow (this was a MoMA print of the month club issue that was a bit yellow at the edges and was totally overestimated)
Then last night, we had an anonymous comment from a reader here on our blog:
Alex Novak wrote that "Edward Weston's Elbow (this was a MoMA print of the month club issue..." This was incorrect, it was NOT a MoMA Print of the Month Club issue but rather an Edward Weston Print-of-the-Month-Club.
The following is from Amy Conger's authoritative catalogue on Weston's work from pp. 28-29 of the biography. "That spring [1935] he began a new venture, the 'Edward: Print-of-the-Month-Club.' Camera Craft, ran a note on it explaining that although prints by him usually cost $15 or $20, it would be possible for only $5 a month to subscribe for a year to this club ($50 if paid in advance). Each month the subscribers would receive a new print by Weston; the total edition of each print would be limited to forty, thirty-five for subscribers and five for the photographer. Weston probably got no more than eleven subscriptions. Twelve monthly EWPOMC prints were issued, although the date he actually began or the exact order in which he sent them out is unknown. Today these prints are recognizable not only because of the edition numbers written on them but also because they were consistently exquisite."
By consulting the footnotes to this text and cross-referencing with the Edward Weston Negative Log (there is a photocopy of this from the Weston Archive housed at the Center for Creative Photography in Tucson), it can be deduced that this print of the elbow is from Weston's negative 208N which is of Charis in 1935, and that other EW Print-of-the-Month-Club prints of this negative are to be found in the collections of Indiana University Art Museum, MoMA, Norton Simon Museum and SFMOMA.
So, a few thoughts on this dialogue. First, Christie's doesn't seem to have done their homework on this lot as thoroughly as it might have, but was willing to engage in the usual salesmanship in favor of the print (buyer beware). Second, I too looked at this print out of the frame, and as Alex noted, it was a bit yellowed and the mount was lightly foxed. I agree with him that it was significantly overestimated, especially given the prices of other abstract nudes from this series/time period.
Finally, I want to touch on the idea of "open collecting" once again, especially in the context of this lot and what the back and forth above represents. It is our view that being open about what we are doing as we journey along the collecting road enhances our enjoyment of the process. Thus we have placed our entire collection up on the web and started this collector-focused blog. We don't believe that collecting must by nature be ruthlessly competitive (perhaps this is idealistic we realize) and that our ability to find the best material for our collection will somehow be compromised by making our activities known. In fact, we believe the opposite, that over time, being open will bring better quality material to our attention because more people will be aware of what we're interested in (an economist might call it signaling).
The world of photography is full of experts, from gallery owners and dealers, to auction house specialists, to other collectors, all of whom have detailed knowledge that can be shared and leveraged. If we can get some of them to come out of their shells just a bit and share some of their specific knowledge (even anonymously like the comment above that drove this post), we will all be better informed and make better decisions.
I am heartened to see that there are people out there who continue to do detailed detective work (even after the sale) and who bring a serious and thoughtful level of scholarship to this medium. It is our hope that this blog can be a place where all of these voices can be heard (even when they disagree), so that we can learn from and leverage this collective knowledge. At least for us, more information makes collecting more fun.
So keep the comments coming, as we will all benefit. On our side, as we post, we'll redouble our efforts to keep the level of commentary both hype free and content rich, and we'll ask a few more open ended questions, hoping to entice some answers from the lurking crowd. And if there is more to this specific Weston story, beyond where we are now, by all means, let us know.
Auction Results Fall 2008: Bloomsbury and Swann
Bloomsbury Inaugural Photographs Sale
Total Lots: 145
Pre Sale Low Total Estimate: $1767200
Pre Sale High Total Estimate: $2588800
Total Lots Sold: 75
Total Lots Bought In: 70
Buy In %: 48.28%
Total Sale Proceeds: $710760
These numbers are a bit skewed, given that the big trophy lot (the five volume 19th century Russian set) didn't sell, thereby zeroing out a major portion of the estimated proceeds. Given the combination of Bloomsbury's new entry into the marketplace and the financial crisis, I think you can call this sale a lukewarm success; they sold a bunch of lots, tested all their infrastructure, and established themselves as credible. The bar will be much higher next season.
Here is the breakdown (using the Low, Mid, and High definitions from the preview post, here):
Low Total Lots: 118
Low Sold: 59
Low Bought In: 59
Buy In %: 50.00%
Total Low Estimate: $733800
Total Low Sold: $309360
Mid Total Lots: 24
Mid Sold: 15
Mid Bought In: 9
Buy In %: 37.50%
Total Mid Estimate: $515000
Total Mid Sold: $299400
High Total Lots: 3
High Sold: 1
High Bought In: 2
Buy In %: 66.67%
Total High Estimate: $1340000
Total High Sold: $102000
As an aside, we had hoped to sneak off with the tasty Lewis Baltz image from the New Industrial Parks series (one of the best from that series we have seen at auction in several years), assuming we might be able to get a bargain, given it was Bloomsbury's first NY sale. No such luck. We were trounced, as the lot estimated $6000-8000 went for $12600 (including premium). It was one of only four lots in the entire sale to go above its high estimate.
Swann Galleries Important 19th & 20th Century Photographs
Total Lots: 390
Pre Sale Low Total Estimate: $1815300
Pre Sale High Total Estimate: $2659900
Total Lots Sold: 257
Total Lots Bought In: 133
Buy In %: 34.10%
Total Sale Proceeds: $1462921
This was a solid, workmanlike performance for Swann. The range of material was broad, the buy-in percentage was respectable, and the total proceeds were decently close to the pre sale low estimate, despite the challenging external conditions.
Here's the breakdown (again using definitions from the preview post, here)
Low Total Lots: 346
Low Sold: 226
Low Bought In: 120
Buy In %: 34.68%
Total Low Estimate: $1732900
Total Low Sold: $930731
Mid Total Lots: 43
Mid Sold: 30
Mid Bought In: 13
Buy In %: 30.23%
Total Mid Estimate: $867000
Total Mid Sold: $488990
High Total Lots: 1
High Sold: 1
High Bought In: 0
Buy In %: 0.00%
Total High Estimate: $60000
Total High Sold: $43200
This sale was remarkably consistent across all categories, likely a result of generally less volatile material (price-wise).
Tuesday, October 21, 2008
Auction: Saturday @Phillips, New York, October 25, 2008
- Lot 73 Oliver Boberg, Aussentreppe, 1998
- Lot 250 Robert Mapplethorpe, Untitled, 1983
- Lot 279 Vik Muniz, Gummy Bears, 2002 (our kids would go crazy for these)
- Lot 338 Dan Graham, Untitled, 1996
Monday, October 20, 2008
Question on Berenice Abbott Prices
Trying to get a feel for prices is always a tricky thing, as there is always meaningful variation in not only subject matter, but also size, print quality, and condition. We very much like Abbott's work and have a handful of her prints in our collection (see here). So we have spent some time trying to better understand the market for her work, and as such, have at least some opinions on the matter.
I think the first thing to take into account in trying to get a handle on Abbott prices is the wide variety of subjects she made pictures of, and the resulting variation in interest of specific images. Beyond the well known images of New York, she made some great portraits, some ground breaking scientific photographs, and many strong images from all across America. Within her New York genre, there are standout iconic images and quiet, simple, more documentary shots that are less remarkable, so depending on your interest, the prices are going to vary dramatically with subject matter.
A second thing to keep in mind is that Abbott made a large number of later prints of her best images in the 1970s and 1980s. These were made in editions/portfolios of 40, 60 and even 100, and generally have her Maine credit stamp on the back. A number of these later prints are nearly always available in the auction market in any given season, and would generally be priced under $5000, except perhaps for New York at Night and one or two others. Later prints of lesser known images can run as little as $1000-2000, and can be even be found on Ebay from time to time.
In our experience, vintage work is much harder to come by, and there are many more condition issues to consider. In general, at auction, we think that you will do well to find a strong Abbott vintage print for under $10000, with the famous images being priced up from there, all the way up to the $50000 range. There are, of course, lesser known New York works and works of other subject matter that will be much less, so it is hard to make a generalization about these prices. As an example, there was a vintage Murray Hill Hotel in the recent Christie's various owner sale. It was estimated $7000-9000 and sold for $7500, and it had a significant tear visible in the upper part of the image (which had been repaired but was still obvious); I imagine it would have gone higher had it been in better condition. Another tool to use as a gauge for prices is the 2002 sale at Sotheby's of Abbott vintage prints from the Museum of the City of New York. Most images in this sale went for under $10000, a few as low as $2000, and a few over $50000.
A few other Abbott resources to consider:
- The Abbott estate is owned/managed by Commerce Graphics (website here) and can clearly be of assistance in searching for specific images.
- There are 27 different dealers/galleries on artnet (here) that claim to have Abbott material available.
- A great resource for prices in general is the series of annual volumes called The Photographic Art Market: Auction Prices (website here). We just got the 2007 volume a week or so ago and it's full of good data.
- There is a terrific documentary film on Abbott called Berenice Abbott - A View of the 20th Century, published by Ishtar Films, 1992, that is well worth seeing.
- There is a new 2 volume Abbott monograph that was recently released (we don't have it yet). You can find it on Amazon here.
As an aside, we're happy to go off on tangents like this one and answer questions/moderate discussions (to the best of our ability) on various subjects of interest to collectors, so feel free to leave them in the comments section.
Friday, October 17, 2008
Auction Results Fall 2008: Sotheby's and Phillips
Sotheby's Photographs
Total Lots: 249
Pre Sale Low Total Estimate: $6637000
Pre Sale High Total Estimate: $10115000
Total Lots Sold: 170
Total Lots Bought In: 79
Buy In %: 31.73%
Total Sale Proceeds: $5666313
Sotheby's had the overall best quality material of the sales this week, and the buy-in rate differential with Christie's (31.73% versus 46.90%) reflects this difference. The increasing weakness from Low to High seen at Christie's was less pronounced here.
Here's a more detailed breakdown (Low, Mid and High as defined in the preview post, here):
Low Total Lots: 57
Low Sold: 43
Low Bought In: 14
Buy In %: 24.56%
Total Low Estimate: $490000
Total Low Sold: $330938
Mid Total Lots: 153
Mid Sold: 104
Mid Bought In: 49
Buy In %: 32.03%
Total Mid Estimate: $3545000
Total Mid Sold: $2171250
High Total Lots: 39
High Sold: 23
High Bought In: 16
Buy In %: 41.03%
Total High Estimate: $6080000
Total High Sold: $3164125
The quality effect is seen again in these numbers, especially in the High group, where the buy-in rate was lower than Christie's (but still high due to the environment) and the total proceeds were approximately double. Generally, a solid showing in these tough economic times.
Phillips Photographs
Total Lots: 227
Pre Sale Low Total Estimate: $2796500
Pre Sale High Total Estimate: $4059500
Total Lots Sold: 156
Total Lots Bought In: 71
Buy In %: 31.28%
Total Sale Proceeds: $2345625
With the lowest buy-in rate so far and the proceeds closest to their pre sale low estimate, Phillips has to be grudgingly satisfied with yesterday's results. The material in this sale was much more tilted toward the low end, and surprisingly, this seems to have served it well, perhaps as buyers passed on the trophy lots and focused on lesser priced images.
Here's the breakdown (again with definitions in the preview post, here):
Low Total Lots: 108
Low Sold: 78
Low Bought in: 29
Buy In %: 26.85%
Total Low Estimate: $788500
Total Low Sold: $624500
Mid Total Lots: 111
Mid Sold: 74
Mid Bought In: 37
Buy In %: 33.33%
Total Mid Estimate: $2521000
Total Mid Sold: $1472125
High Total Lots: 8
High Sold: 4
High Bought In: 4
Buy In %: 50.00%
Total High Estimate: $750000
Total High Sold: $249000
So the Low held its own just fine, and as the prices moved into the Mid and High ranges, Phillips saw the same kinds of drop offs that Christie's and Sotheby's experienced. Perhaps this bodes well for Bloomsbury and Swann (today and early next week), who have a larger percentage of Low material up for sale.
So maybe this season isn't about a flight to quality (as it appeared at first), but a search for value using a sober and measured approach. It's the revenge of the low end!
Thursday, October 16, 2008
Abelardo Morell, Pictures in Pictures @Benrubi
13th Floor
New York, NY 10022
Wednesday, October 15, 2008
Auction Results Fall 2008: Christie's
Contemporary Photographs
Total Lots: 93
Pre Sale Low Total Estimate: $1551000
Pre Sale High Total Estimate: $2352000
Total Lots Sold: 54
Total Lots Bought In: 39
Buy In %: 41.94%
Total Sale Proceeds: $1020250
Press reports on auctions always focus on the buy in rate, and at just under 42%, this sale was pretty disappointing. We think however that buy in percentage on its own is a bit misleading, as it fails to take into account the quality of the material. If a sale is full of superlative pieces and the buy in rate is high, that says one thing; if a sale is full of second rate, boring material, a high buy in rate says something quite different. This particular sale was not, in our opinion, of consistently excellent quality; in general, it was more a middle of the road group. So perhaps the takeaway is more about bringing the prices of this genre of work back to earth a bit, especially for pieces that didn't merit the run up.
Here's the further, more detailed breakdown (Low, Mid and High as defined in the previous preview post, here):
Low Total Lots: 23
Low Sold: 18
Low Bought In: 5
Buy In %: 21.74%
Total Low Estimate: $162000
Total Low Sold: $137250
Mid Total Lots: 63
Mid Sold: 34
Mid Bought In: 29
Buy In %: 46.03%
Total Mid Estimate: $1650000
Total Mid Sold: $722500
High Total Lots: 7
High Sold: 2
High Bought In: 5
Buy In %: 71.43%
Total High Estimate: $540000
Total High Sold: $160500
This data seems to indicate that as the prices went up, the sale got weaker. Peter Beard had a particularly unfortunate day, with only 1 of 7 pieces finding a buyer. I think this sale mirrored the general economic situation: assets were delevered across the board and there was a flight to quality (and away from risk).
Photographs By William Eggleston
Total Lots: 60
Pre Sale Low Total Estimate: $1439000
Pre Sale High Total Estimate: $2191000
Total Lots Sold: 54
Total Lots Bought In: 6
Buy In %: 10.00%
Total Sale Proceeds: $2998250
In the face of the fierce economic headwinds, this sale did smashingly well. The proceeds were well above the high estimate and the buy in rate was low. Perhaps this is another example of the flight to quality, as Eggleston's reputation was long ago cemented and his work has durably held its value (and appreciated).
Here's the breakdown (as if it was needed) with the definitions found in the preview post, here:
Low Total Lots: 8
Low Sold: 7
Low Bought In: 1
Buy In %: 12.50%
Total Low Estimate: $63000
Total Low Sold: $63125
Mid Total Lots: 43
Mid Sold: 38
Mid Bought In: 5
Buy In %: 11.63%
Total Mid Estimate: $938000
Total Mid Sold: $1082875
High Total Lots: 9
High Sold: 9
High Bought In: 0
Buy In %: 0.00%
Total High Estimate: $1190000
Total High Sold: $1852250
Christie's had to love the 9 for 9 on the High lots, nearly doubling the High estimate for those works. Overall, a tremendous success. In a better market, it would have been a white glove sale, and the prices would have been even higher.
Photographs
Total Lots: 258
Pre Sale Low Total Estimate: $5175000
Pre Sale High Total Estimate: $7587000
Total Lots Sold: 137
Total Lots Bought In: 121
Buy In %: 46.90%
Total Sale Proceeds: $3424000
At nearly 47%, the buy in rate was as high in this sale as I can remember seeing in any major sale since we started collecting. There was a particularly dispiriting stretch in the afternoon where 12 straight lots failed to sell. I think this result can again be attributed to uneven quality across the sale, in the face of the increased scrutiny by buyers.
Here's the breakdown (definitions again in the preview post, here):
Low Total Lots: 63
Low Sold: 41
Low Bought In: 22
Buy In %: 34.92%
Total Low Estimate: $528000
Total Low Sold: $362125
Mid Total Lots: 158
Mid Sold: 79
Mid Bought In: 79
Buy In %: 50.00%
Total Mid Estimate: $3519000
Total Mid Sold: $1496125
High Total Lots: 37
High Sold: 17
High Bought In: 20
Buy In %: 54.05%
Total High Estimate: $3540000
Total High Sold: $1565750
As with the Contemporary Photographs sale, this sale also got weaker as the prices went up.
Across these three sales, Christie's took in $7442500, and while clearly not what they were hoping for by any means, my guess is that it can be called some kind of victory in this economic crisis. Our conclusion is that these outcomes were not hugely surprising, and were perhaps appropriate given the circumstances. Great work still sold well, and lesser work was forced to work harder to find a home.
Tuesday, October 14, 2008
Auction: Photographs, October 28, 2008 @Bonhams & Butterfields
The upcoming sale, although being held in New York, still has the old Butterfields vibe. Who else but Butterfields would put a Weston kitty on the cover? There are a total of 222 lots up for sale, for a total high estimate of $1439000. Here's the breakdown:
Total Low lots (high estimate of $10000 and lower): 202
Total Low estimate (sum of high estimates of Low lots): $965000
Total Mid lots (high estimate between $10000 and $50000): 19
Total Mid estimate: $384000
Total High lots (high estimate above $50000): 1
Total High estimate: $90000
Here are some lots of interest to us:
- Lot 69 Dr. Dain Tasker, X-Ray of Amazon Lily, 1930s
- Lot 70 Dr. Dain Tasker, X-Ray of Hanging Fuschia, 1930s (at right)
- Lot 78 Alphonse Bernoud, Images of Flowers, c1870
- Lot 105 Max Yavno, Garage Doors, 1947/1970s
- Lot 132, Man Ray, Nusch Eluard, 1935/1960s
There are previews in both New York and San Francisco during October. Definitely worth checking out, especially if Butterfields isn't already on your radar.
PhotographsOctober 28th
Bonhams & Butterfields
580 Madison Avenue
New York, NY 10022
Monday, October 13, 2008
Josef Breitenbach @Gitterman
This show of the avant-garde work of Josef Breitenbach is a perfect example of the kind of risk taking that Tom has embarked on that would never even be considered by a larger gallery. Breitenbach is not exactly a household name, and yet the work is innovative, unusual, and in some cases, quite beautiful. The images in this show explore a wide variety of non-standard photographic techniques: toning, bleaching, solarization, photograms, multiple negatives and montage; this is not even close to straight photography. And while a few of them could be called surreal, they are warmer, more human, than most surrealist images, even when they are at their most speculative. At a time when there wasn't much color in photography, Breitenbach was experimenting with bleaching and toning to get acidic yellows, oranges, reds and browns, which he used to highlight and accent his otherwise traditional gelatin silver images. The image of Arabella, Portrait in Black and Red, c1935 (see image at right) shows how these overlays of color were used to build up work that was new, challenging, and lovely at the same time. This exhibit forces us to rethink where Breitenbach might belong, in the context of the great works by Man Ray, Brassai, and others of the same time period.
Collector's POV: Breitenbach's work doesn't really fit that well into the vision of our particular collection. There is one print of the Eiffel Tower from 1928 (see image at right) that would fit into our city genre, working well with existing Eiffel Tower images by Krull and Bing. In general, the work is priced between $6500 and $18000, and several images were already sold when I saw the show. While not every image is a winner, the show is clearly worth seeing to catch a glimpse of those handful of works where Breitenbach got his unique mix of colors and imagery just right.
Friday, October 10, 2008
Quick Preview Roundup
Sotheby's: Sotheby's had the most action of the previews I went to. All four specialists were around, answering questions and circulating. During the time I was there, there were only a couple of other collectors (who shall remain nameless) beyond myself who were actually looking at work out of the frames, but there were a handful of others milling about, including one tour group (?). In addition to the various owner sale preview, there are a selection of images from the upcoming Jammes sale on view in an adjacent room.
Christie's: At Christie's, the various owner and Eggleston sales are jammed into rooms on the main floor, with the larger contemporary work upstairs. I was the only one looking at work out of the frames while I was there, although there were at least two other real collectors milling around. There was one specialist working each floor while I was there, although there didn't seem to be much for them to do. There is a sale of musical instruments going on concurrently, so the rooms are filled with snippets of classical music (buyers testing out the instruments).
Bloomsbury: I had not been to Bloomsbury prior to my visit; it is located on the second floor of a random building on 48th street, not far from Rockefeller Center and Christie's. This preview had some excitement, as all the specialists and staff were milling around, trying to be helpful, friendly and welcoming. It's a relatively small viewing space (about the size of a medium sized gallery), so it doesn't take long to single out the works you are there to see. Overall, I was impressed with the fresh sense of paying attention to the clients.
Phillips: I think I must have visited Phillips at an off time, as the preview was a ghost town: no specialists, virtually no staff save the guards, and very few visitors. These are cavernous spaces, so they feel very empty if you are the only one wandering around (every footfall reverberates). They have several rooms of gallery like exhibitions up at the same time as the preview (in adjacent rooms), which is a bit confusing, as it is not immediately clear what is in the sale and what is not. If this preview is representative of the mood of the marketplace given the overall financial distress, it's going to be a bloodbath next week.
It seems clear to me from these visits that there are going to be some bargains available at these sales, and those with some liquidity will be able to take advantage of the situation. That said, whether collectors (ourselves included) will feel confident enough to open their wallets at all (even with these opportunities available) is, I think, still very uncertain.
Thursday, October 9, 2008
Making It Real, Photomontage Before Photoshop @De Lellis
Making It Real, Photomontage Before Photoshop