We’re constantly assaulted with statistics that tell us the art market is confined to a small number of artists and their works that account for the vast majority of sales value and volume. Though that is definitely true, it does obscure the fact that there seems to be real demand in the lower-value collecting areas.

Don’t believe it? Then look at Sotheby’s recent Made in Britain sale that totaled £2.3m with a number of works selling very competitively (at multiples of the high estimate) but still in the five figure range.