le Brocquy’s Procession with Lilies made 320,000 at James Adam. (Click on image to enlarge).
The sale of Procession with Lilies for an above estimate 320,000 at James Adam last night demonstrates that even in a deep recession a good, big Louis le Brocquy is cherished by the market. This one was large and it had all the wow factor that major works by the Irish artist who died last April possess.
No less than three bidders chased the work, which had elicited an enthusiastic response from viewers at the auction, beyond the high estimate of 250,000. One was from the UK, another was a Dublin collector and the third and eventual winner was an Irish collector who is not based in the capital. It was the top lot in a sale where more than 75% of the paintings on offer found buyers. Procession with Lilies was the most important piece of the art in the corporate collection of Independent News and Media which was sold.
(See post on antiquesandartireland.com for August 21, 2012).