Costly Crowd Art

Andreas Gursky's '99 Cent II Diptychon' Photo Sells for $3.34 Million

Andreas Gursky is a well known architectural and perspective photographer who holds the record for selling the most expensive photograph. The work that he is most well known for is called '99 Cent II Diptychon,' and was auctioned off for $3.34 million.

Check out the gallery above to see how Andreas Gursky captures daily struggles in society and social functions in a unique and crowded way.

Implications - As the economic recession continues to affect consumers in adverse ways, the North American population is turning to the visual arts community for products which help them forget about their financial woes, no matter how costly the product may be. Corporations looking to capitalize on this consumer mentality can similarly offer products and services which allow customers to experience "escape."

Expensive Art
As the economic recession continues, consumers turn to costly visual art as a means of escape.
Record-breaking Photography
Selling the most expensive photograph in history, Andreas Gursky sets a trend for record-breaking photography sales.
Unique Reflections of Society
Andreas Gursky's unique and crowded perspective on daily struggles and social functions opens opportunities for innovative societal reflection through art.

Industries Being Reshaped

Art
The art industry is seeing success in selling costly artwork to consumers seeking escape from economic woes.
Photography
Andreas Gursky's record-breaking sale of his photographic artwork sets an increasing trend in expensive photography sales.
Marketing
Innovative marketing strategies can allow corporations to similarly offer products and services that allow customers to experience escape through visual art.
SCORE
2.9 out of 10
GENDER
50% Men50% Women
MARKETTop markets: North America
GENERATION
  • Gen Alpha
  • Gen Z (primary audience)
  • Millennial (primary audience)
  • Gen X (primary audience)
POPULARITY
Popularity 38%
Activity 41%
Freshness 8%