12
KEY
TAKE
AWAY
Price
Volume
Average sales price
• 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 showed the highest annual sales revenue since previous market peaks.
Total Sales
Revenue at Auction
$3.2 B
*
135
Lots sold
148
Lots offered
91.2 %
Sell-through
rate
$24.1M
Average
price
6.7%
Average
CAGR
44
Repeat sales
20.8 %
**
Price to
mid-estimate
ratio
55 %
**
Lots sold
above
mid-estimate
.,,()
,$.
..()
,$.
5M50M
30M300M
10M
4
100M
35M
14
350M
15M
6
150M
40M
16
400M
20M
8
200M
$45M
18
$450M
25M
10
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%