April 10th, 2013

Spring Photography Auctions Total More Than $30.8 Million, Set Artist Records

© 2013 Man Ray Trust / Artists Rights Society (ARS), New York / ADAGP, Paris. Man Ray's "Untitled Rayograph, 1922" set an auction record for a work by the artist of $1.2 million at the Christie's photographs sale on April 4.

© 2013 Man Ray Trust / Artists Rights Society (ARS), New York / ADAGP, Paris. Man Ray’s “Untitled Rayograph, 1922″ set an auction record for a work by the artist of $1.2 million during a Christie’s photographs sale on April 4.

Six photography sales last week at the three major auction houses in New York City brought in more than $30.8 million dollars and included record sales for masters Man Ray and Diane Arbus, among others, as well as contemporary artists including Robert Frank, Richard Misrach, Alex Prager and Viviane Sassen.

Two sales at Christie’s on April 4 and 5 totaled nearly 15 million. “The strength of these results is indicative of the thriving market for photographs, which continues to gain momentum with every sale,” said Philippe Garner, one of the Christie’s directors, in a statement.

The April 4 sale of a private collection of modernist photographs totaled more than $7.5 million, including a $1.2 million, auction record sale of a unique gelatin silver photogram by Man Ray, “Untitled Rayograph,” made in 1922. Nine other world auction records for artists were set during the sale, according to Christie’s. (more…)