The Economist charts the growth of William Scott’s auction market

The Economist focuses on William Scott as the sales of British pictures approaches later this week. Scott’s work has been gaining momentum:

Highly sought after by private collectors on both sides of the Atlantic, Scott’s best work has increased considerably in price over the last four years. Newly rich Irish buyers have helped. In 1996 a late nude entitled “Figure” came up for auction with an estimate of £25,000-35,000. It failed to sell. Last year Christie’s put the picture up for sale again, this time with an estimate of £50,000-80,000. It made £176,000. Read the rest of this entry »