Art And Photography Shows And Dealers Rebound With More Sales In 2010
On returning from the Association of International Photography Art Dealers (AIPAD) Show In New York City, Richard Gadd, director of the Weston Gallery in Carmel, California said that the market was starting to move again. “We sold a few Edward Westons and a Paul Strand. It seemed like sales were being made.”
His observations were correct. Sales were being made, quite a few. Alex Novak, who is a private dealer, member of the Getty Museum Photography Council, Daguerreian Society, American Historical Photography Society, AIPAD and a contributor to Photo Review, Photograph Collector and several newsletters on photography collecting assured his readers this has been the pattern lately. Alex Novak wrote on i-Photo Central in an article called, “Art and Photography Market Bounces Back as Shows and Dealers Report more Sales in 2010“:
The economic lead-in to the upcoming AIPAD Show in New York City is looking a lot more positive than it has been in the previous 18 months, as the art and photography market is poised to make some reasonable strides toward recovery. Reports from other shows earlier this year, including Photo LA and Art Basel Miami, and the recent Armory Show and ADAA Show—as well as from gallery and dealer comments to us—indicate that there has been a substantive uptick in sales and activity from most of last year, when declines in business in 2009 over 2008 were commonly 40-75%.… Of course there are exceptions: David Fahey told me that 2009 was actually much better than 2008—one of the few photo dealers to have this experience. Dealers at Photo LA and the smaller satellite show at Michael Dawson’s generally reported decent to excellent business. Several, including Sid Monroe of Monroe Gallery of Photography, Santa Fe, NM, and Louis Klaitman of Berkeley, CA, told me that this year’s Photo LA was one of their best shows ever.” …Art dealers and show managers at the Armory Show and ADAA Show report big, enthusiastic crowds and big buyers back out on the hunt in recent weeks. Our own business is projected to be up about 50% through next month over the year before, and we’ve heard similar stories from photography dealers that we’ve talked to recently. There is talk again about the so-called “safety” of putting your assets into art, especially with the currency ups and downs lately. While I’ve always discounted such loose advice, it does seem to reflect an overall mood that buying art and photography again is fun and poised for growth.
Certain other dealers are still reporting little to no sales at all. I was in a gallery recently, considered a pillar of the photography gallery establishment, and the owner said he was overdrawn at the bank. Most indicators point to the recovery moving slowly, but it is in progress.