Colin Gleadell stirs the pot a little with this example of an out-of-favor category, Victorian Art, where the value of a specific work has had an astounding 11% per year appreciation over the last 44 years.
a classic snow scene of a farmer tending his sheep at sunset by Scottish artist Joseph Farquharson, estimated at £80,000, sold for £146,000. London dealer Richard Green remembers buying the painting at the Harrods Depositary in 1972 for £820 and selling it for £1,650.
As good as that sounds, there is a survivorship bias at play here that should give pause to anyone thinking they can blindly buy Victorian art and prosper.
Market News: opportunities abound in Russian art lows (Telegraph)
