Keith Haring
Barking Dog, from Icons (Littmann PP. 171), 1990
Silkscreen with embossment
21 x 25 in
53.3 x 63.5 cm
53.3 x 63.5 cm
Edition of 250
Influenced by the vibrant graffiti scene of 1970s and 1980s New York, Keith Haring emerged as a champion of urban subculture fused with the principles of Pop Art. In 1986, the Pop Shop, established in New York City and later in Tokyo in 1987, introduced a novel model for owning and experiencing art, challenging art's traditional elitist status. Haring's early career saw the development of his iconic motifs, such as the lively baby and barking dog, taking over advertising spaces in New York's subway stations. Characterized by precise contours and an accessible visual language, Haring effectively communicated important social and political messages with a whimsical touch. His vibrant and colorful artworks, embedded with relevant contemporary issues, have become highly sought after as valuable investments.
Keith Haring exhibited a remarkable performance in the print market at the close of 2023, affirming his enduring appeal across a diverse range of collectors, from dedicated enthusiasts to newcomers. His extensive print market, distinguished by its unique qualities and compelling visuals conveying potent messages of activism and freedom, firmly established Haring as a revered figure in art history. Throughout 2023, his resilience in the print market, especially with popular series like Pop Shops and Icons, positioned Haring as one of the most enticing blue-chip artists for potential investors.
Analyzing Haring's print market performance over the past seven years, there was a notable surge in sales value in 2018, soaring by 137% to $3 million (hammer), despite the same number of lots sold as the previous year. This consistent performance in lots sold suggests a growth in the value of Haring's prints.
Subsequently, in the following two years, Haring's print market experienced consecutive contractions in sales value, likely influenced by lockdown restrictions and challenges posed by the COVID-19 pandemic. However, this downturn was short-lived, with 2021 witnessing a resurgence in Haring's print market-a remarkable 86% increase in value and an 18% rise in lots sold, achieving new record highs. This positive momentum continued into 2022, reaching a pinnacle with a record high sales value of $5.3 million and 119 lots sold.
The demand for Haring's print pieces remained robust in 2023, evidenced by the record-breaking 125 lots sold over the past seven years. By the end of 2023, the average selling price for an individual Haring print stood at $42,000, showcasing its enduring value and investment potential in the art market. As of 2024, there is a continued heightened demand for classic imagery from Haring's Pop Shop and Icons series, indicating ongoing sales across the private secondary market with no signs of slowing.
February 13, 2024
