42
KEY
TAKE
AWAYS
• Among his most valuable subjects are George Dyer, Lucian Freud, John Edwards,
and Bacon himself.
• These works represent over half of Bacon’s total sales revenue.
• Portraits of George Dyer and Lucian Freud account for $915M in revenue alone.
Market share of paintings depicting known sitters
Lots sold above high estimate Lots sold within their estimates
35.3%
61.8%2.9%
Lots sold below
their estimates
B E S T P E R F O R M I N G A R T WO R K S
Known
Sitters
50M
100M
150M
200M
250M
300M
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
50M
100M
150M
200M
250M
300M
Price
Volume
Average sales price
Sales
Revenue
$1.6B
*
48
Lots offered
12
Repeat sales
47
Lots sold
10.2%
Average
CAGR
97.9%
Sell-through
rate
25.3%
**
Average price
to mid-estimate
ratio
$35.7M
Average
price
58.8%
**
Lots sold
above
mid-estimate