Art Market Overview: The Rise of Cindy Sherman

On 18 November 2020, by Agathe Albi-Gervy

Cindy Sherman, the top woman in Artprice's contemporary artist ranking between 2000 and 2020, is the focus of a retrospective at the Vuitton Foundation, due to close on January 3.

© Fondation Vuitton (website), Paris 

Cindy Sherman's market is one of the most robust, as witness her iconic work Untitled #92: a 1981 photograph printed in an edition of ten. The 8/10 print sold for $16,000 at Christie's London in 1992. The following year, the 9/10 print sold for $17,250 at Christie's New York, with no real rise in value, while in 2000, the 10/10 print's initial value shot up by fifteen times when it was knocked down for $259,000 by the same auction house, before being sold again at Phillips New York in 2004 for $478,400. In 2007, a new threshold was reached: the 8/10 became the sixth most expensive photograph in the world, achieving $2.1 million at Christie's New York. Finally, in 2013, the 9/10 print showed a slight drop with the same auction house, when it garnered $2 million.

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