Art.view
Back to the future
Dec 19th 2009
From Economist.com
The taste for clutter and realism is curiously buoyant
WHILE the contemporary art market constantly seeks the new—new names, new imagery, new media or simply new novelty—another curious corner of the art market has remained steadfastly old-fashioned, cluttered and sentimental. With bad weather coming, much of London may have been preparing to shut down early for Christmas last week. But Christie’s sale of Victorian and British Impressionist pictures on December 16th and Sotheby’s sale of Victorian and Edwardian paintings the next day were surprisingly busy.
Sotheby's
Of the two auctions, Sotheby’s was by far more successful, fetching £4.4m ($7.1m) for works by some of the best-known names of the period, including Sir Lawrence Alma-Tadema, Sir Alfred Munnings, Dame Laura Knight and Charles Spencelayh. The cover lot, Spencelayh’s “The Old Dealer”, sold for a record price for the artist at auction. The buyer was David Mason, a London dealer who joined his father’s firm, MacConnal-Mason, when he was just 17. Mr Mason, who has seen recessions come and go in the 53 year he has been in the business, said afterwards: “Prices today reflect what is happening out there. People are discounting the coming inflation and buying quality. They know that inflation has always been the art dealer’s friend.”
Buyers in every sector of the art market, from Chinese porcelain to Old Masters, now seem to follow a pattern. They are happy to pay over the odds for top-ranking pictures, but leave the rest untouched. Nearly 40% of the lots in Sotheby’s sale were bought in. Its success lay in the high prices achieved for those that sold, half of which were bid up beyond their high estimate. Some pieces went for as much as four times what the auction house had predicted.
John Atkinson Grimshaw is a painter who celebrated industry, commerce and conspicuous wealth during Queen Victoria’s reign, dying in 1893. His works are often dark social commentaries featuring streets and portsides, full of ships’ rigging and lamplight that seems visually interchangeable with moonlight. Eight years ago Mr Mason sold an 1881 Grimshaw entitled “Prince’s Dock, Hull” to an American collector for £130,000. Consigning the picture to Sotheby’s, that same American saw his Grimshaw sell to an anonymous bidder for £397,250 (including commission and taxes), the third highest price achieved for the artist at auction.
Spencelayh, the son of an iron and brass founder, rose to be a prolific member of the Royal Academy of Arts and a favourite of Queen Mary. His work is, if anything, even more unfashionable-looking than Grimshaw’s. Spencelayh, who died in 1928, liked to paint fussy interiors. The most sought after are realistic pictures of men, often gathered around a table in a room full of clutter, with glazed jugs, books, umbrellas and pieces of velvet jumbled together. There is usually a pipe or two on the table, and there is nearly always a clock hanging on the wall.
A Manchester cotton merchant named Levy supported Spencelayh from the early 1920s. He offered the artist and his wife a house to live in and bought a number of his paintings. When Levy's widow, Rosie, auctioned his collection in 1946, the picture that fetched the highest sum was “The Old Dealer”, which Spencelayh had painted in 1925. It was sold again in 1973, where it was bought by Richard Green, a London dealer, on behalf of an American collector for about £30,000.
Consigned last week to Sotheby’s by this same collector, it sold for more than ten times that (£337,250 including commission and taxes) to Mr Mason. Mr Green, an earlier owner, was the underbidder. “It has everything you could want: the old man, the clock, the knickknacks,” Mr Mason said afterwards. “It is quite simply the best example of a Spencelayh I have ever seen.” Mr Mason said he bought the picture for stock, with no particular collector in mind.
“On the Cliffs” (pictured above) is one of a series of pictures that Laura Knight painted of women sitting high above the water on the Cornish coast. In one of the earliest examples, “Daughter of the Sun”, the women were naked. That picture did not sell when Knight exhibited it at the Royal Academy in 1912, and Knight later cut it up and sold the pieces after it had become damaged. She continued to be inspired by the Cornish theme in the years before the end of the first world war, after she and her husband moved to London. In “On the Cliffs” one woman is sewing while the other may be threading a needle. Both are strong, calm figures. Behind them the sea, silvery, shimmering and full of light, has the same idyllic quality of water painted at the time by the Scottish Colourists. But there are no men in any of Knight’s pictures of this period, reminding viewers that war was close at hand.
“On the Cliffs” sold to an anonymous bidder for £646,050, nearly twice the top estimate. Even at that price, many regard the painting as a bargain. In July, Galen Weston, a Canadian billionaire whose family owns Fortnum & Mason, bought the companion picture, “Wind and Sun”. It cost him £914,850.
Good sentences:
WHILE the contemporary art market constantly seeks the new—new names, new imagery, new media or simply new novelty—another curious corner of the art market has remained steadfastly old-fashioned, cluttered and sentimental.buoyant adj. cheerful 活跃的 old master = a term for a European painter of skill who worked before about 1800, or a painting by such an artist. over the odds, pay over the odds 付的钱超过物品本身价值 celebrate=to hold up or play up for public notice (谢谢adeline的解释) rigging 桅杆 velvet 天鹅绒,丝绒 comments: Obviously the author gets his inspiration for this title from the famous science fiction movie series “Back to the future”, however this title which seems a paradox confused me again like it did in the movie. Despite the Sci-Fi title, actually this article deals with something practical—the business in the art market. It shows us that purchasing art works is such an effective way to discounting inflation and more expensive the work is, the more it can benefit its owner in the future. To be honest, as a oulier, I feel difficult to give any valuable comments about this article. Stop here. Sign~ |
John Atkinson Grimshaw is a painter who celebrated industry, commerce and conspicuous wealth during Queen Victoria’s reign, dying in 1893.
John Atkinson Grimshaw is a painter who celebrated industry, commerce and conspicuous wealth during Queen Victoria’s reign, dying in 1893.
Thomas Huxley quote: The great tragedy of Science - the slaying of a beautiful hypothesis by an ugly fact (Collected Essays)
John Atkinson Grimshaw is a painter who celebrated industry, commerce and conspicuous wealth during Queen Victoria’s reign, dying in 1893. His works are often dark social commentaries featuring streets and portsides, full of ships’ rigging and lamplight that seems visually interchangeable with moonlight.
Further more, through this article, I know some famous artist in history, it is a meaningful gain.
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