A mid year British and Irish art market report by Bonhams shows an increase of 22% in the year so far. They say that bullish conditions were evident at the June auction which totalled £8.3 million and was the company’s most successful to date. The sale was 86% sold by lot and 46% of lots sold above their high estimates.
Irish art was 100% sold with strong prices for stalwarts like Sir John Lavery and Jack B. Yeats. The welcome surprise of the day, according to Bonhams, was the £79,300 paid for an 8″ x 10″ painting by Paul Henry. Bonhams say that work from the 1930’s and 40’s experienced a particular surge and that right now there is an overall hunger for quality. The next major sale of British and Irish art is on November 23 and the closing date for entries is October 7.
(See post on antiquesandartireland.com for June 13, 2016)