16
KEY
TAKE
AWAY
• The CAGR analysis of Bacon’s auction market is based on 44 repeat sales.
• In average, the highest CAGR for Bacon was achieved by paintings from his last
artistic period, followed by the ones from his third artistic period.
• The average holding period for Bacon’s paintings resold at auction was 11.1 years.
Artwork
CAGR
Two Figures, 1961
43.6%
Three Studies for Self Portrait , 1976
25.3%
Three Studies for Portrait of John Edwards, 1984
21.6%
Portrait of George Dyer Staring into a Mirror, 1967
18.2%
Lisa Sainsbury (?), c. 1955
17.1%
Three Studies for Self Portrait , 1980
15.8%
Study for a Pope I, 1961
15.2%
Seated Figure, 1960
14.8%
Three Studies of Isabel Rawsthorne, 1966
14.2%
Two figures at a Window, 1953
14.0%
Average
CAGR
7%
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
5
10
15
20
25
30
Early years
1929 1943
Birth of a stylistic identity
1944 1956
The dominance of colour
1957 1979
Late Years
19801992
1
2
3
4
5
6
7