This week the record for the sale of a Photograph was broken when a German collector sold one of six copies of Andreas Gursky’s 1999 work “Rhein II” at Christie’s for $4,338,500.
When I look at this as a Photograph and ignore what the Art World tells me its worth, my valuation comes in considerably under that price. My theory is that collectors, gallerists, auctioneers, the art media, art schools and artists themselves are in a kind of unwitting conspiracy to ‘Add Value’ to what is very often extremely poor and unimaginative easy to make work.
Andreas Gursky, Rhein II (1/6) 1999.
If you walked into a gallery and saw this picture on the wall and new nothing about it, how much would you be prepared to pay for it?
UPDATE: Cartier Bresson reaches new record price at auction of $590,455