At Auction, Returns for Works by Women Artists Are Outmatching Those of Men: Report
Art Business

At Auction, Returns for Works by Women Artists Are Outmatching Those of Men: Report

Lee Krasner’s The Eye Is the First Circle, 1960, sold for $11.7 million. Male artists have dominated auction results for as long as auctions have existed, but according to a new report, women are winning out in the field in at least one respect. Over the past six years, works by women artists that have returned to auction have seen price gains of about 72.9 percent on average, compared with just 8.3 percent for works by men. The figures come from the team behind Sotheby’s Mei Moses Indices, which tracks the auction world through repeat sales. Of course, it’s worth emphasizing that we are merely talking percentages here. Because men make up a much larger percentage of the market, and because their art generally trades for higher prices, more money was spent—and made—by the work of men on the auction block during the studied period. The numbers of objects analyzed were wildly different based on gender. Over the six-year period highlighted (between 2012 and 2018), there were about 2,500 repeat sales of works by some 500 female artists; in the same stretch, there were around 55,700 repeat sales by lots from 8,500 male artists. (Mei Moses has started following […]

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