16
KEY
TAKE
AWAYS
• The CAGR analysis of Bacon’s auction market is based on 37 repeat sales.*
• Half of the top 10 CAGR were achieved by works from his third artistic period.
• The average holding period for Bacon’s paintings resold at auction was 11.5 years.*
Artwork
CAGR
Three Studies for Self-Portrait, 1976
25.3%
Three Studies for a Portrait of John Edwards, 1984
21.6%
Portrait of George Dyer Staring into a Mirror, 1967
18.2%
Lisa Sainsbury (?), c. 1955
17.1%
Portrait of George Dyer Talking, 1966
15.9%
Three Studies for Self-Portrait, 1980
15.8%
Seated Figure, 1960
14.8%
Three Studies of Isabel Rawsthorne, 1966
14.2%
Two figures at a Window, 1953
14.1%
Man in Blue VII, 1954
12.3%
Average
CAGR
8.3%
Number of repeat sales
Average CAGR
O F B ACO N’S AU C T I O N M A R K E T
CAGR
Analysis
Average CAGR by artistic period
Top 10 CAGR
5
10
15
20
25
30
Early years
1929 1943
Birth of a stylistic identity
1944 1956
The power of colour
1957 1979
Late years
19801992
2
4
6
8
10
12
5
10
15
20
25
30
Average holding period
