Photographs have become highly collectable globally and some works fetch up to $200,000. But are they worth investing in, asks Stephen Crafti? | OPINION
Sam Wagstaff, partner to the eminent photographer Robert Mapplethorpe, put contemporary photography on the map when he sold his collection to the J. Paul Getty Museum in Los Angeles for millions of dollars in 1984.
Other images by lesser-known Australian photographers provide an opportunity to start a collection – before their work starts to increase in value. When Maddison – based in Eden, NSW – came to Melbourne, she photographed late artist Keith Haring against the now protected mural at Collingwood Yards. Pound suggests that those who want to start a collection should either pay more for work of well-known photographers, or invest in some lesser-known names – and hope their work increases in value.
“The ‘Cut Series’ photos are highly collectable. Bill created these flashes of light by reversing the photograph,” she says.
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