Colin Gleadell zeroes in on a new exhibit at London’s Offer Waterman that will travel to Paul Kasmin in New York this November focusing on David Hockney’s early drawings which seem to be rapidly gaining value:

Among the sitters are Celia Birtwell, Peter Langan, Christopher Scott, Mark Glazebrook, Henry Geldzahler, James Kirkman, Peter Schlesinger, Mo McDermott and his dealer, John Kasmin, some of whom are sadly not still with us. But Kasmin certainly is, and the show is co-organised by his son, Paul’s gallery in New York. About half the exhibits are for sale and range in price from £40,000 to £650,000. Many have been culled from the auction rooms in recent years. A 1972 coloured drawing of Celia Birtwell was bought in Paris last year for £172,000 and is now priced at £275,000.

Market News: art’s Indian summer  (Telegraph)