12
KEY
TAKE
AWAYS
• Bacon’s market peaked in 2007-2008 and in 2013-2015.
• During the 2020 economic recession, his market proved remarkably resilient (Fig. 3).
• The year 2022 achieved the highest annual sales revenue since previous market peaks.
4
14
6
16
8
18
5M
30M
10M
35M
15M
40M
20M
$45M
25M
10
50M
300M
100M
350M
150M
400M
200M
$450M
250M
2
12
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
Auction sales (YoY)
O F B ACO N’S AU C T I O N M A R K E T (2 0 0 3-2 0 2 2)
General
Overview
Lots sold above high estimate Lots sold within their estimates Lots sold below
their estimates
35.8%9.2%55%
Price
Volume
Average sales price
Total Sales
Revenue at Auction
$3.2 B
*
148
Lots offered
37
Repeat sales
135
Lots sold
8.3%
Average
CAGR
91.2%
Sell-through
rate
20.8 %
**
Average price
to mid-estimate
ratio
$24.1M
Average
price
55 %
**
Lots sold
above
mid-estimate
