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Sugimoto’s Seascapes Market

South Pacific Ocean Maraenui by Hiroshi Sugimoto Hiroshi Sugimoto, South Pacific Ocean Maraenui, 1990

On March 26, the Japan Society will present Memories of Origin – Hiroshi Sugimoto, a film directed by Yuko Nakamura. This 85 minute film captures 200 days in the life of internationally renowned photographer (Japanese, b.1948).

The Contemporary artist is known for his exploration of the illusionary properties of photographs. He often photographs movie theaters, opera houses, waxworks, natural history dioramas, and seascapes, using long exposures to create haunting images with unnatural lighting. In the graph below, Sugimoto’s Seascapes are compared to his overall market. Until 2007, the artist’s overall market and Seascapes grew concurrently; since the global recession, the series has outperformed his overall market, reaching returns of almost 200% since 2002.

Hiroshi Sugimoto Overall Market vs. Seascapes Hiroshi Sugimoto: Overall Market vs. Seascapes 2002–2012 (click image for details)

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Lindsey Lovern is an art market researcher for artnet Analytics.

Jonathan Yee is an art market researcher for artnet Analytics.

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