David Hockney Market Watch 2023 | MyArtBroker

A Rake’s Progress (1961-1963) consists of 16 etchings by Hockney, reimagining William Hogarth’s 18th-century series of the same name. Initially planned as 24 etchings, printing challenges led to the final count of 16. This portfolio traces the journey of a young gay man in the city, blending Hogarth’s original narrative with Hockney’s autobiographical elements. The decline of Hogarth’s character is mirrored in Hockney’s protagonist, reflecting societal shifts.

Completed in 1963, this early Hockney work gained significant traction in 2023, reflecting his rising popularity. Hockney’s art communicates universally, embracing honesty and humour. The complete set reappeared at Christie’s in April 2023, marking its first appearance since 2017 and only the third time at auction. Surpassing its previous record of £15,625, it sold for an impressive £435,482 (with fees), solidifying its position as Hockney’s top-selling print in 2023 and showcasing substantial value appreciation over five years.