Photo District News takes the temperature of the Photography dealers in advance of AIPAD which opens tomorrow at the Park Avenue Armory in New York City. Mentioning the recurring word “caution,” PDN finds a variety of opinions on the state of the photo market, including the feeling that the photo market may lag the stock market by a mere 48 hours:

“People are discouraged. They’re insecure. They’re going through a period of adjustment,” says Robert Klein of the Robert Klein Gallery in Boston, a former AIPAD president.

Klein says he is bringing more work to his booth at AIPAD New York than usual, favoring work that connects with a popular audience, such as prints by Horst P. Horst and Herb Ritts. He hopes to increase sales by appealing to a broader market, in case fewer niche collectors show up.

Some AIPAD members, after considering the cost of travel to New York, decided to stay home. [ . . . ]

Howard Greenberg of the Howard Greenberg Gallery in New York is attending AIPAD. He says the low end of the market—prints under $10,000—has slowed down but is not getting worse. It’s the more expensive prints, over $20,000, that are getting hit the hardest. “The higher end is tough right now. We’re selling a picture here and there on the higher end, but that’s where there’s been a real loss of business,” he says.

Photo Art Dealers Say Buyers Are Skittish (PDNonline.com)