16

KEY

TAKE

AWAYS

• The CAGR analysis of Bacon’s auction market is based on 37 repeat sales.*

• Half of the top 10 CAGR were achieved by works from his third artistic period.

• The average holding period for Bacon’s paintings resold at auction was 11.5 years.*

Artwork

CAGR

Three Studies for Self-Portrait, 1976

25.3%

Three Studies for a Portrait of John Edwards, 1984

21.6%

Portrait of George Dyer Staring into a Mirror, 1967

18.2%

Lisa Sainsbury (?), c. 1955

17.1%

Portrait of George Dyer Talking, 1966

15.9%

Three Studies for Self-Portrait, 1980

15.8%

Seated Figure, 1960

14.8%

Three Studies of Isabel Rawsthorne, 1966

14.2%

Two figures at a Window, 1953

14.1%

Man in Blue VII, 1954

12.3%

Average

CAGR

8.3%

Number of repeat sales

Average CAGR

O F B ACO N’S AU C T I O N M A R K E T

CAGR

Analysis

Average CAGR by artistic period

Top 10 CAGR

5

10

15

20

25

30

Early years

1929 1943

Birth of a stylistic identity

1944 1956

The power of colour

1957 1979

Late years

19801992

2

4

6

8

10

12

5

10

15

20

25

30

Average holding period