(K. Brent Tomer),
IN A world awash with photos from 2bn smartphones, a picture may still tell a thousand words. But is it still worth a thousand pounds? The market for photography has changed dramatically in the digital era—especially for photojournalists, commercial photographers, studio photographers and the like. But the market for fine-art photography is still going strong.
The most expensive photograph ever sold was not by a photographer, nor was the photograph taken by the artist. “The New Jeff Koons (1980)” is a primary-school photograph of the artist sitting with a box of crayons, mounted as a black-and-white, 40-x-30-inch (102-x-76cm) transparency on a lightbox and sold in 2013 for $9.4m. This is atypical for photography, where prices are lower and volumes are higher than in other contemporary art. The average photograph sells for $10,000 at auction, against $60,000 for a painting.
“The New Jeff Koons” is a unique work. Most…Continue reading