29 Nov '17, 5pm

Photography Proves Itself as a Medium for Investment - Robb Report

Photography Proves Itself as a Medium for Investment - Robb Report

Sotheby’s has witnessed increasing interest in contemporary photographs over the past couple of years, according to Bierman, particularly from collectors of contemporary paintings and sculpture. This marked upsurge in demand prompted the house to hold its first stand-alone sale of postwar and contemporary photographs this past fall. “This season, we felt we were especially well positioned to make the move, given the extraordinarily strong group of photographs we had on offer, which was anchored by a selection of 49 lots from the Steven and Ann Ames Collection,” Bierman says, referring to the house’s September 28 sale, which brought in $2,486,125. The total was well within the house’s presale expectations of $2,099,00 to $3,162,000 for the 93 lots offered. From December 5 to 18, Sotheby’s is offering five additional images from the vaunted Ames Collection online, among them...

Full article: http://robbreport.com/shelter/auctions/photography-proves...

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