You are already a lot of chatter about how the Contemporary art market is in a swoon and buyers are fleeing the top end. You wouldn’t know it from looking at Christie’s top lot in the London Post-War and Contemporary Art sale next month. Peter Doig’s The Architect’s Home in the Ravine may be one of the painter’s most frequently traded works.
If first sold in 2002 at Sotheby’s in London where it made an impressive, for the time, £314,650 during the June Evening sale of Contemporary art. That was before the explosion in Doig’s market caused by a bidding war in February of 2007 where the artist’s White Canoe made £5.7m against a pre-sale high estimate of £1.2m.Continue Reading