I never really followed the price development of the market for rare Japanese photobooks. But I remember that once a collector told me that the price for rare Japanese books goes up by 100 $ every month. But this was before the financial crisis began.
The results of the recent Photobooks sale at Christie’s in London were considerably stronger than the other photography-related book sales this season. While I don’t have access to historical photobook auction records, according to Christie’s, the inscribed Frank [The Americans] likely set a record for a regularly-published (not special or limited edition) postwar book, fetching a hefty £43250 ($62,194). Photobooks by Henri Cartier-Bresson and Richard Prince also soared to big prices. Overall, the buy-in rate was solid (just under 28%) and the total sale proceeds covered the total High estimate.
[Quote: DLK COLLECTION]
This prompted me to have a closer look at the results of the Japanese photobooks included in the auction. Kikuji Kawada’s “The Map” became the 5th most expensive book and Araki’s extremely rare edition of “ABCD” (20 copies) made the 9th place on the list, closely followed by the two ‘Workshop’ portfolios (place 11 and 12) and Yutaka Takanashi’s “Toshi-e” (no. 14).
Here are the results for Japanese photobooks: