Scottish Pictures: Results
August 27th, 2008
£4.9 Million with 54% of the Lots Sold
Vettriano and the rest of the Scottish market cools with yesterday’s sale total down 6% from the previous year. Bloomberg covers the results:Cadell, Peploe and Flint posted very good numbers. John Lavery had the highest price of £481,250 but few of the works exceeded their high estimates.
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The western art correction continues. Sotheby’s, Christie’s and Bonham’s might as well postpone any of the auctions outside of London, NY & Hong Kong for a bit, while the market calibrates for the Asian art explosion.