28
KEY
TAKE
AWAYS
• These artworks achieved the second highest average sales price among all periods.
• They are the only ones that achieved a negative average price to mid-estimate ratio.
• Once adjusted for inflation, 44.4% of these works sold above $10M each, while in
total, 57.7% of Bacon’s works have crossed that threshold all periods combined.
Lots sold above high estimate Lots meeting their estimates Lots sold below their estimates
12.5%18.8%68.8%
Market share of paintings created between 19801992
20M
40M
60M
80M
100M
120M
2
3
4
5
6
1
2 0 1 5 2 0 1 6 2 0 1 8 2 0 2 0 2 0 2 2 2 0 0 3 2 0 0 4 2 0 0 6 2 0 0 8 2 0 1 0 2 0 1 2 2 0 1 7 2 0 0 5 2 0 1 9 2 0 0 7 2 0 2 1 2 0 0 9 2 0 1 1 2 0 1 3 2 0 1 4
B ACO N’S L A S T A R T I S T I C P E R I O D (1 9 8 0-1 9 9 2)
Late
Years
20M
40M
60M
80M
100M
120M
Price
Volume
Average sales price
Sales
Revenue
$416.5 M
19
Lots offered
5
Repeat sales
18
Lots sold
10.8%
Average
CAGR
95%
Sell-through
rate
-2%
*
Average price
to mid-estimate
ratio
$23.1M
Average
price
37.5 %
*
Lots sold
above
mid-estimate