Geoffrey Key

Geoffrey Key: An Artist Who Paints the Joy of Life

“I love life… I love the joys of being alive. I try to paint happy pictures.”

Now 85, Geoffrey Key is both a long standing and hugely significant, ‘Grandfather’ figure on The Northern Art scene.

The Northern Art School owes much of its identity and origins to the artist L S Lowry whose career began in the 1920’s, with his paintings of the people and places of the Industrial North, and his matchstick figures and dark landscapes are immediately recognisable. However unlike Geoffrey Key, Lowry strictly limited himself to only five colours in his works , Flake White, Ivory Black, Vermilion, Prussian Blue and Yellow Ochre, whereas Geoffrey Key fully embraces the use of the full range of available and bold colours.

Born on 13 May 1941 in Manchester, Key developed an early interest in art, encouraged by his mother, who herself had artistic training. This early exposure laid the foundation for a lifelong dedication to creative practice, and by his teenage years his artistic ability was already clearly recognised.

“Roof Reflections” (2011). Sold at auction for £3,400 March 2026. Insurance value would be approx. £7,500.
“Roof Reflections” (2011). Sold at auction for £3,400 March 2026. Insurance value would be approx. £7,500.

Key’s formal education began at the Manchester High School of Art before he progressed to the Manchester Regional College of Art in 1958. There, he studied under influential tutors such as the painter Harry Rutherford and sculptor Ted Roocroft. He gained both the National Diploma of Design and the Diploma of Associateship of Manchester with distinction, which led to a postgraduate scholarship in sculpture. These formative years gave Key a strong grounding in draughtsmanship and traditional techniques, but also sparked a desire to move beyond academic conventions and develop a unique artistic voice.

“Morecambe Bay”. Sold at auction in March 2026 for £6,000. Insurance value would be approx. £12,000.
“Morecambe Bay”. Sold at auction in March 2026 for £6,000. Insurance value would be approx. £12,000.

Although Key initially worked as an art teacher in Salford, his growing reputation soon allowed him to pursue painting full time. By the late 1960s, he had been elected to the Manchester Academy of Fine Arts, and his work began to attract wider attention. Throughout the following decades, he exhibited extensively both in the United Kingdom and internationally, with shows across Europe, Asia, Australia, and the United States. His work is held in numerous public and private collections, including major institutions and corporate collections, demonstrating his broad appeal and critical recognition.

Industrial Cityscape 1971. Sold at auction for £2,000 - almost 7 times it’s low estimate. Insurance value would be approx. £6,000.
Industrial Cityscape 1971. Sold at auction for £2,000 - almost 7 times it’s low estimate. Insurance value would be approx. £6,000.

Stylistically, Geoffrey Key’s art is often associated with European modernism, yet it retains a distinctly British—and particularly Northern—character. His paintings frequently depict landscapes, figures, animals, and still-life compositions, but these subjects are rarely rendered in a purely realistic manner. Instead, Key emphasises form, rhythm, and colour, creating compositions that feel both structured and dynamic. His use of bold, often vibrant colour became especially pronounced after travels to Asia in the early 1990s, which marked a shift away from the more muted tones of his earlier work.

Revellers. Sold at auction for £3,400 in 2025. Insurance valuation would be approx. £10,500.
Revellers. Sold at auction for £3,400 in 2025. Insurance valuation would be approx. £10,500.

Another distinctive aspect of Key’s practice is his reliance on memory rather than direct observation. He has explained that he often studies a subject carefully and then paints it later from memory, allowing him to distil its essential qualities rather than replicate surface details. This method aligns with modernist principles, prioritising interpretation and emotional resonance over literal representation. The result is artwork that feels imaginative and evocative, often described as dreamlike in its composition.

MIll Town with Red Sky. Sold atauction for £9,000 in April 2025. INsurance value would be approx. £18,000.
MIll Town with Red Sky. Sold atauction for £9,000 in April 2025. INsurance value would be approx. £18,000.

In addition to painting, Key has also produced sculptures, working in materials such as bronze and wood. His sculptural work reflects similar concerns with form and structure, translating his painterly sensibility into three dimensions. While less widely known than his paintings, these works contribute to a broader understanding of his artistic vision.

Key’s career length already matches Lowry as it has now already spanned more than six decades, throughout this Geoffrey Key has remained committed to his artistic principles, avoiding trends and maintaining a strong sense of independence. Critics and commentators often highlight the emotional vitality and visual energy of his work, as well as its ability to transform everyday subjects into something more expressive and meaningful. His paintings are noted for their balance between control and spontaneity, combining careful composition with a lively, almost playful use of colour and line.

Sunset Farm. Sold at auction for £8,200 Oct 2025. Insurance value is aprox. £16,000.
Sunset Farm. Sold at auction for £8,200 Oct 2025. Insurance value is aprox. £16,000.

In recent years, retrospectives and exhibitions have reaffirmed Key’s importance within English art. His continued productivity, even into later life, demonstrates a sustained curiosity and passion for exploration. Whether through vibrant figurative scenes, stylised landscapes, or imaginative compositions, Geoffrey Key’s work continues to engage audiences and contribute to the evolving story of modern English painting.

Horses. Sold at auction for £10,000 in Oct 2024. Insuranve value would be approx. £20,000.
Horses. Sold at auction for £10,000 in Oct 2024. Insuranve value would be approx. £20,000.

Geoffrey Key stands out as an artist who successfully forged a personal and recognisable style while remaining connected to broader artistic traditions. His dedication to experimentation, his focus on recurring themes, and his expressive use of colour and form have secured his place as a significant and enduring figure in contemporary art. He is also a very hard worker, art auction records alone show that around 900 pictures have been offered to date, add that to his regular gallery exhibitions there are plenty of original works to choose from if you decide to make a purchase and if your budget doesn’t stretch to original works, there are plenty of very high quality prints to choose from. And happily Geoffrey is showing no signs of slowing down, so we can look forward to seeing many more of his inventive and unique pictures.

Geoffrey Key
Summer exhibitions

Summer 2026 Must-See Exhibitions

With the appearance of summer there are an array of fantastic exhibitions and displays of artwork, sculpture, ceramics, and jewellery across the UK. Fortunately, our team of nationwide specialists are here to pick out their selections for this year’s calendar:

Cecily Brown: Picture Making
Serpentine Gallery
Running until 6th September

“I recommend this exhibition. Cecily Brown is a truly great painter and her work is little known beyond those of us already involved in the art world. Amazingly for such a major artist this is her first London show and is a must see …. It’s already open and runs over the summer into early September.”

Grima at the Tomasso Gallery
Tomasso Gallery, London
From 11th – 20th June

“I’m really looking forward to this year’s instalment of the Grima exhibition at the Tomasso Gallery. In what will be its fourth year, this week-long showcase of Andrew Grima’s work, including jewellery and watches from his iconic ‘About Time’ collection for Omega, and contemporary Grima Jewellery pieces is one of the best opportunities to see such a breadth of his work together. For our review of the 2025 edition of this special annual exhibition, take a look at our article here.

London Watch Week
Various locations, London
3rd-6th June 2026

“For those with a passion for horology, London Watch Week has you covered. Last year included events hosted by Bonhams, Pragnell, Oris, plus dedicated days to celebrate independents, and vintage wristwatches – organised by Lucy Cheesewright, Justin Hast and Tom Exton – this carefully curated event will cover numerous facets of the watch world.”

London Watch Fair
The Renaissance Hotel, Heathrow
14th June 2026

“If the Watch Week wasn’t enough, the London Watch Fair takes place just over a week later on 14th June and provides visitors with the chance to see (and buy!) vintage watches from some of the best dealers in the business. With seventy traders lined up for this specialist fair, this is a fantastic opportunity to see rare models, discover new collecting niches and make connections with dealers.”

The Bayeux Tapestry

The British Museum, London
September 2026-July 2027

“To say the upcoming Bayeux exhibition at the British Museum will be a once-in-a-lifetime exhibition would be an understatement – the Bayeux Tapestry hasn’t gone on tour since the Napoleonic era! This will be the first time it has visited the UK since its creation nearly a thousand years ago, so reserve your tickets promptly when they go on sale in July for the September opening.”

Quentin Blake Centre for Illustration
Clerkenwell, London
Opening 5 June 2026

“While not an exhibition I am really excited to visit the Quentin Blake Centre for Illustration which officially opens in London this June. Illustration art is one of my greatest passions, so I am fascinated to see the programme of exhibitions in this unique dedicated space.”

May Morris: Crafting a Legacy

Lady Lever Art Gallery, Liverpool
25th April – 1st November

“This exhibition is a celebration of the wide-ranging creative output of Arts and Crafts designer and maker, May Morris, the younger daughter of William Morris. A vibrant display of embroideries, wallpapers, watercolour designs, costume and jewellery will showcase her many talents.”

Gwen John: Strange Beauties

National Museum Cardiff
Until 28th June

‘It was a joy and a revelation to go to the Gwen John Exhibition at Amgueddfa Cymru – Museum Wales in Cardiff, last week. The drawings are almost entirely from their own collection, which numbers more than 900 works, purchased from the artist’s nephew’s estate in 1976. The oils are borrowed from all over the globe. There are only 158 known. One observation I made after looking closely at so many tiny drawings, was that Gwen spent most of her time painting these portraits and still lifes in a small studio. There is little sense of space or depth in these drawings so, despite feeling “more at home in the country than in the town”, her landscapes are strangely ambiguous. She can’t cope with or describe the great outdoors. It isn’t intimate enough.”

Elizabeth 1, Queen & Court
Philip Mould & Company
14th May – 10th July

“This exhibition will include the earliest surviving life-size, full length portrait of Queen Elizabeth I, together with rarely seen works of some of the key figures from her close circle of courtiers and confidantes. This ‘cast’ of Elizabethan portraiture, rarely exhibited, will show a rare glimpse of how portraiture was used as a tool of power in the 16th century.”

Firsts London 2026 – London’s Rare Book Fair

Saatchi Gallery, King’s Road, London
14th – 17th May

“Firsts London is one of the world’s most popular and high-profile rare book events. Whether you’re a collector looking for the next masterpiece to add to your library, or a bibliophile who loves browsing second-hand classics, Firsts London is the event for you. Discover titles by distinguished authors, ephemera from celebrity readers and manuscripts from history’s great moments, all in the heart of Chelsea.
Are you new to the world of rare books, or just want an expert guide to the fair? Firsts’ selection of talks and tours are a great way to learn more about book collecting and make the most of your visit. From deep-dives into revolutions in printing, to perspectives on careers in the book trade, these free events are a chance to meet experts and learn some of the secrets of the trade.”

Photo London 2026
London Olympia
14 to 17 May 2026

“Photo London is the UK’s leading international fair for photography and image-based art. Each year it brings together the world’s most acclaimed photographers, galleries and curators alongside a new generation of emerging talent.”

The Other Photography Fair

London Olympia
16 May 2026

“The Other Photography Fair showcases photography in its many forms, with a special focus on vintage works from the 19th and 20th centuries. Supported by Vintage Photo Fairs Europe and sponsored by the Chiswick Auctions Fine Photographs Department, the fair gathers leading international dealers, collectors, and specialists under one roof.
Alongside historic photographs, visitors will find photobooks, rare cameras, and live wet plate collodion and cyanotype workshops, bringing early photographic processes to life.”

Fired Legacies: The Ceramic World of Rich Miller
Watts Gallery, Godalming, Surrey
Opening 5 June 2026

“As a novice potter and fan of the Channel 4 show, The Great Pottery Throwdown, I am looking forward to seeing Rich Miller’s first exhibition at Watts Gallery. The exhibition delves into his own heritage and an exploration of British colonial history, and unearths the narratives of trade, labour and identity that have shaped contemporary British society.”

Modern British Sculptures - Henruy Moore Sculpture at Hermes, Bond Street, London

The Strength of Modern British Sculpture in Today’s Market

In my very earliest days in the art business I was told that there were only two areas of concern for fine art specialists, they were known simply as ‘Flat and Bumpy’! Flat covered pictures, prints and miniatures etc and everything else was ‘bumpy’. This included furniture, ceramics, silver, sculpture – in other words anything else that wasn’t a picture!

On hearing this as a picture specialist myself I immediately knew that I didn’t want to only ever deal with ‘flat’ art and chose sculpture as another option, mainly of the 19th and 20th centuries up to the present day.

This has been a blessing in many ways as it expanded my horizons way beyond ‘flat art’ especially into the sphere of Modern British sculpture with which I seemed to have a natural affinity and strong interest.

Modern British Sculpture is an internationally known sale category and pops up in auctions across the globe, usually in Modern and Contemporary sales from New York to London to Hong Kong, Paris Switzerland South Africa, in fact almost everywhere! By contrast ‘flat’ art by Modern British artists tends to appear in London in stand-alone Modern British auctions.

I believe this may offer an advantage to collectors and investors in Modern British sculpture, as having more choices of sale location when it comes time to sell offers the seller flexibility and potentially higher prices.

This March (2026) in London there were a number of very interesting auctions across various categories that all included some Modern British sculptures which provides us with this hopefully interesting snapshot of the current market.

Henry Moore (1898-1986)

I would like to begin with one of my personal art heroes, Henry Moore (1898-1986) one of our leading 20th Century British sculptors, known for his large-scale abstract bronze works. His sculptures often depict reclining human figures, mother-and-child forms, and organic shapes inspired by nature, bones, and landscapes. Moore explored the relationship between solid mass and empty space, frequently incorporating holes within forms. His work became internationally recognised after World War II and is displayed in public spaces worldwide. Moore’s approach combined modernism with primal influences, drawing on ancient art and natural forms. He emphasised universality and timelessness, making his sculptures accessible while remaining deeply symbolic and innovative. For more on Moore see my article here from July 2nd 2020.

  • ‘King and Queen’ This large-scale , very elegant 1950’s cast bronze masterwork by Henry Moore is 164 cms high and has a beautiful ebony silk patina, it was offered in a 20th 21st century evening auction on March 5th. It was estimated to make £10-15,000 and when the hammer came down at £26,345,000 it became the new world record price for any work by the artist, beating the previous record of £24,722,000 set in 2016. This work was purchased direct from Moore in 1954 and was still in the same family’s collection and is the only one of the 7 casts made still in private hands, all the others are in Museum collections and will never be sold, thus making the work a must have for collectors. Suggested insurance £30 million.
Henry Moore ‘King & Queen’
Henry Moore ‘King & Queen’
  • Time/Life Screen, Maquette, No 1 This very stylish small scale bronze was cast in 1952, it has a green/brown patina and is 32.4 cms wide. It was offered in a day auction on 19th March , again it left its estimate of £8-12,000 behind by hammering down at £20,320. The large scale finished work is made in stone and sits on the top of the iconic 1950’s Time Life building on the corner of Bruton Street and New Bond Street W1 in London. It can still be seen from ground level, stand on the pavement on New Bond Street with your back to Burberry’s Flagship store looking across New Bond Street towards the Hermes shop, then look up to the top of the building and there it is. See the article header image of the work in situ. Suggested Insurance £38,000.
Henry Moore - Time/Life Screen, Maquette, No 1
Henry Moore - Time/Life Screen, Maquette, No 1

Elisabeth Frink (1930-1993)

Elisabeth Frink created powerful figurative sculptures, often focusing on men, animals, and mythological themes. Working mainly in bronze, her figures appear rough, textured, and emotionally intense. Frink’s work frequently reflects post-war anxiety, vulnerability, and aggression, especially in her depictions of wounded or isolated male figures. Horses and birds were recurring subjects, symbolizing strength and freedom. Unlike abstract sculptors, she maintained a strong connection to the human form while distorting it for expressive effect. Her sculptures convey psychological depth and tension, making her one of the most important British sculptors of the 20th century.

  • ‘Seated Man’, from 1986 is a remarkable work cast in bronze with a dark green and brown patina, measuring 131 cms high and is very strong and lifelike, it was offered in an evening sale on March 18th with an estimate of £300-500,000 and sold comfortably at the mid-point for £406,400. Suggested Insurance £800,000.
Dame Elisabeth Frink ‘Seated Man’
Dame Elisabeth Frink ‘Seated Man’

Jacob Epstein (1889-1959)

Jacob Epstein was a pioneering modern sculptor who challenged traditional British art with bold, often controversial works. Known for his direct carving technique, he worked in stone and bronze to create expressive, sometimes provocative figures. His sculptures explored themes of sexuality, spirituality, and human emotion. Epstein’s public works initially shocked audiences due to their rawness and departure from classical ideals. Despite criticism, he influenced generations of modern artists. His portraits of some of the most famous figures of the 20th century, from Winston Churchill to Albert Einstein, demonstrates his skills and established him as one of the leading modern sculpture in Britain. When you next see Donald Trump on the TV speaking from the Oval office look out for Epstein’s portrait head of Winston Churchill sitting on a surface just behind the president, it looks like he is watching over proceedings, it was recently moved back into the Oval office by the President having been removed and reinstated by successive US presidents, the white house has two copies of the bronze. 

  • Portrait head of Albert Einstein, 43.2 cms high, cast in bronze in 1933 with a green patina, offered in a day sale on Mar 19th. It sold for £101,600 leaving its £40,-60,000 estimate way behind. Suggested Insurance £190,000.
Jacob Epstein ‘Portrait head of Albert Einstein.’
Jacob Epstein ‘Portrait head of Albert Einstein.’

Emily Young (b.1951)

Emily Young is renowned for her contemporary stone sculptures, particularly her carved heads and faces. Working directly with natural stones such as marble and onyx, she highlights the material’s inherent textures and colours. Her sculptures often appear ancient and timeless, as if emerging from the earth itself. Young’s work connects deeply with nature, geology, and human identity, blending natural forms with subtle human features. She emphasizes sustainability and respect for materials, often using reclaimed stone. Her pieces evoke calm, contemplation, and a sense of spiritual presence, bridging ancient traditions with modern artistic sensibilities.

‘Purbeck Blue Angel’ Emily Young is the only living sculptor in this selection, her beautiful unique work in carved stone called measures 52 x 137 x 58 cms, is unique and was carved in 2001and bought directly from Emily in 2002. It was offered in an evening auction on March 18th and estimated at £100-150,000 and sold for £127,000. Suggested Insurance £225,000.

Emily Young ‘Purbeck Blue Angel’
Emily Young ‘Purbeck Blue Angel’

‘Solar Disc’, a unique piece carved in Onyx in 2006, measuring 150 cms diameter and offered in a day sale on March 19th, it was sold for £60,960 versus an estimate of £30-50,000. Suggested Insurance £120,000.

Emily Young ‘Solar Disc’
Emily Young ‘Solar Disc’

Anthony Caro (1924-2013)

Anthony Caro revolutionized sculpture by moving away from figurative forms to abstract constructions made of steel and industrial materials. Influenced by American modernism, he created large, open structures that interact with surrounding space rather than sitting on pedestals. Caro painted his sculptures in bold colors, emphasizing shape and composition over narrative meaning. His work invites viewers to walk around and experience shifting perspectives. By using welded metal, he transformed sculpture into something dynamic and architectural. Caro played a major role in redefining modern sculpture, influencing many artists with his innovative use of materials and spatial relationships.

  • Table Piece LXI, was offered in a day sale on March 19th, it dates from 1968 and is made of painted steel and measures 111.8 cms wide, it sold for £35,560 against a £20-30,000 estimate. Suggested Insurance £72,000.
Anthony Caro ‘Table Piece LXI’
Anthony Caro ‘Table Piece LXI’

Reg Butler ( 1913-1981)

Reg Butler was known for his stark, linear sculptures that often resemble skeletal or cage-like structures. Emerging after World War II, his work reflects themes of tension, confinement, and human fragility. Butler used materials such as iron, bronze, and wire to create open, airy forms that contrast with solid traditional sculpture. His figures are often abstracted yet suggest human presence and vulnerability.

Butler gained international recognition, notably representing Britain at the Venice Biennale. His sculptures capture a sense of unease and existential anxiety, reflecting the post-war atmosphere and pushing sculpture toward more experimental forms.

  • Study for a Girl with a Vest, is a tall bronze with a black patina, dating from 1959 and 55.9 cms high, it is number 6 from an edition of 8 casts. It was offered in a day sale on March 19th and sold for £22,860 versus a £10-15,000 estimate. Suggested Insurance £48,000.
Reg Butler ‘Study for a Girl with a Vest’
Reg Butler ‘Study for a Girl with a Vest’

Barry Flanagan (1941-2009)

Barry Flanagan is best known for his playful bronze sculptures of hares in dynamic, often humorous poses. Initially working with abstract forms and unconventional materials like sand and rope, he later shifted to figurative sculpture. His hares convey movement, energy, and wit, often referencing dance and human gestures. Flanagan’s work combines lightness with technical mastery, making his sculptures both accessible and intellectually engaging. He drew inspiration from literature, surrealism, and nature. His distinctive style brought a sense of joy and spontaneity to contemporary sculpture, setting him apart from more serious or austere modernists.

  • Virtue This is a very desirable and typical tall hare cast in 1993 and numbered 1 from the edition of 8, and at 152 cms high with a rich black patina it attracted a lot of interest in an evening auction on March 18th it almost doubled its estimate of £120-180,000 by selling at £203,200. Suggested Insurance £395,000.
Barry Flanagan ‘Virtue’
Barry Flanagan ‘Virtue’

Barbara Hepworth (1903-1975)

Barbara Hepworth was a central figure in modernist sculpture, known for her abstract forms carved in wood, stone, and cast in bronze. She explored harmony, balance, and the relationship between form and space, often piercing her sculptures with holes and threading them with string. Inspired by landscapes, especially in Cornwall, her work reflects natural rhythms and human experience. Hepworth emphasized craftsmanship and direct carving, valuing the material’s inherent qualities. Her sculptures evoke calm, order, and spiritual unity. Alongside her contemporaries, she helped shape modern British art and brought international recognition to abstract sculpture.

  • Curved Form, is a truly elegant hand carved piece in walnut wood, it dates from 1960 and is a unique work, measuring 46.3 cms high. Such works are very tactile and while I was standing in front of it I was overcome with a strong desire to stroke it…. It was offered in an evening auction on March 18th and sold for £1,016,000 against its £750-1,000,000 estimate. Suggested Insurance £1,900,000.
Barbara Hepworth ‘Curved Form’
Barbara Hepworth ‘Curved Form’

Solitary Form is another unique work, it was carved in 1971 from white marble and is 64.7 cms high. This came from a private Japanese collection, it was offered in an evening auction on March 18th and sold for £539,750 against a £500-800,000 estimate. Suggested Insurance £950,000.

I believe this Art category is growing in value and interest and is demonstrating very strong buyer interest, all the pieces shown here are a fully authenticated by literature, provenance and exhibition data this allows buyers to simply focus on whether or not they would enjoy owning them.

UK art exhibitions 2026

The Art World This Spring: 2026’s Must-See Exhibitions

With the appearance of spring there are an array of fantastic exhibitions and displays of artwork, sculpture, ceramics, and jewellery across the UK. Fortunately, our team of nationwide specialists are here to pick out their selections for this year’s calendar:

Queen Elizabeth II: Her Life in Style
The Kings Gallery, Buckingham Palace.
From 10th April until 18th October

2026 marks what would have been the 100th birthday of two of modern histories most iconic women – Queen Elizabeth II and Marilyn Monroe – to mark this there are two individual exhibitions opening in celebration of their lives. Firstly, Queen Elizabeth II : Her Life in Style opens in April at the Kings Gallery – I am excited to see highlights from her wardrobe and how fashion created her enduring image.

UK art exhibitions 2026 - Queen Elizabeth II: Her Life in Style
Queen Elizabeth II: Her Life in Style

Marilyn Monroe: A Portrait
National Portrait Gallery.
From 4th June until 6th September

The second, Marilyn Monroe: A Portrait will bring together photograph and works inspired by Marilyn. She is one of the most recognisable figures of the 20th century but works depicting her are varied from when she was a teen model to later more poignant images.

UK art exhibitions 2026
Marilyn Monroe: A Portrait

Hawai’i: a Kingdom Crossing Oceans
British Museum, London
From 15th January until 25th May 2026

“Hawai’i: A Kingdom Crossing Oceans at the British Museum is not to be missed! Exhibitions about Hawaii are very rare in the UK, so this is a golden opportunity to learn about the complex historical relationship between the two countries and Hawaii’s rich culture.”

Hawai’i: a Kingdom Crossing Oceans
Hawai’i: a Kingdom Crossing Oceans

National Trust Jewellery on Display
Nationwide, National Trust Properties.

I was amazed and delighted last year when my local National Trust property, Calke Abbey, announced that they would be putting their previously unseen jewellery collection on display. This incredible selection of jewels are reflective of the Harpur-Crewe family’s history of exploration in Ancient Egypt, and high society lifestyle – with bespoke Egyptian Revival pieces made by Collingwood & Son, set with Egyptian agate beads gathered by Vauncy Harpur Crewe in 1870, and a sensational red topaz and aquamarine brooch purchased in 1836. A collection well worth seeing, and indeed many more at properties throughout the UK – Killerton House in Devon has a ‘History off the Hanger’, and further pieces on display at Erddig in Wrexham, Sissinghurst in Kent, Wallington in Northumberland, Tyntesfield in North Somerset, Belton House in Lincolnshire, and many properties across the UK.

National Trust Jewellery on Display
National Trust Jewellery on Display

Made in Ancient Egypt
The Fitzwilliam Museum, Cambridge.
Running until 12th April 2026

The Fitzwilliam Museum are displaying a fantastic selection of Ancient Egyptian artefacts until April, including ceramics, sculpture, and yes- jewellery. This exhibition is the first to explore Ancient Egypt through the lives of its craftspeople- with many objects never before displayed in the UK. 

Made in Ancient Egypt The Fitzwilliam Museum, Cambridge.
Made in Ancient Egypt at The Fitzwilliam Museum, Cambridge.

Stubbs: Portrait of a Horse
The National Gallery, Room 1
Running until 31st May

Another exhibition I am keen to see, which strays into our paintings specialists’ territory, is the George Stubbs exhibition at The National Gallery. Showcasing two of Stubbs’ most monumental works, of Scrub and Whistlejacket – two of the first life-size portraits to depict horses without a human presence in British History.

Stubbs: Portrait of a Horse The National Gallery
Stubbs: Portrait of a Horse at The National Gallery

Winston Churchill: The Painter
The Wallace Collection.
From 23rd May – 29th November

My recommendation is an upcoming exhibition at the Wallace Collection, dedicated to Winston Churchill’s paintings. In painting, Churchill found a respite from public pressures and a source of joy that spanned his lifetime. Displaying 50 of his works together, with just under half from private collections, this exhibition is the most comprehensive display of his work to date.

Winston Churchill: The Painter at The Wallace Collection.
Claude Monet — Nymphéas (1907)

Art Market Trends 2025: Prices, Buyers and Outlook

The Art Market in 2025

Looking at the below list of fabulous prices achieved for equally fabulous pictures, you would be forgiven for thinking that everything was very rosy indeed in the gardens of all auctioneers, Gallerists and museums in 2025. However behind these mega prices the year was difficult across the board and 2025 emerges as a complex and evolving picture partly shaped by economic headwinds, then shifting collector demographics, technological innovation, and cultural diversification and the three D’s, death and divorce, a key driver in International auctions. I thought it might give a bit of additional background by showing you a very brief summary of the last 5 years in the art market, see below.

  • 2020 (Pandemic): Sharp dip as galleries and fairs shut down. Many sales shifted online or were delayed.
  • 2021–2022: Post-pandemic recovery, with some strong rebounds in spending — though regional and segment differences emerged.
  • 2023: Sales moderated around ~$65billion, slightly below 2022’s peak but still solid relative to pre-pandemic levels.
  • 2024: Estimates vary, but most authoritative reports point to a decline — recent global sales fell to roughly $57.5 billion(a ~12% drop) amid economic headwinds and weaker high-end activity.

Top 10 Most Expensive Paintings Sold in 2025

  1. Gustav KlimtBildnis Elisabeth Lederer (Portrait of Elisabeth Lederer) (ca. 1914–16) — $236.3 million (£170,7 million ) The standout sale of 2025 and one of the highest-priced artworks at auction ever.
  2. Gustav Klimt — Blumenwiese (Blooming Meadow) (ca. 1908) — $86 million (£62.1 million) A vibrant landscape by Klimt that also commanded top collector interest.
  3. Gustav Klimt — Waldabhang bei Unterach am Attersee (Forest Slope at the Attersee) (1916) — $68.3 million (£49.3 million) Another major Klimt from the same collection.
  4. Vincent van Gogh — Romans Parisiens (Les Livres jaunes) (1887) — $62.7 million (£45.3 million) A still-life work from Van Gogh’s Paris period.
  5. Mark Rothko — No. 31 (Yellow Stripe) (1958) — $62.1 million (£44.8 million) A powerful example of Rothko’s signature Colour Field painting.
  6. Frida Kahlo — El sueño (La cama) (1940) — $54.6 million. A rare Kahlo top-lot and a record result for the artist at auction in 2025.
  7. Jean-Michel Basquiat — Crowns (Peso Neto) (1981) — $48.3 million (£34.9 million). A lively Basquiat from the early 1980s.
  8. Piet Mondrian — Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue (1922) — $47.5 million (£ 34.3 million). A classic early abstract work.
  9. Claude Monet — Nymphéas (1907) — $45.4 million (£32.8 million)A dreamy water-lily scene from the Impressionist master.
  10. Pablo Picasso — La Lecture (Marie-Thérèse) (1932) — $45.4 million (£34.5 million)

Please bear in mind that the sold prices shown above only reflect the auction price in every case, and not their insurance values which will be significantly higher in every case in order to be able to replace these masterworks which are rare and special things. We at Doerr Dallas are able to provide valuations for insurance on all pictures including recent or historic auction purchases.

Economic Context and Sales Trends in 2025

According to the Art Basel and UBS Global Art Market Report 2025, global art market sales fell by approximately 12 % in 2025, with values declining to around $57.5 billion, reflecting challenges in high-end auction activity and broader economic caution. This downturn marked a shift from blockbuster, nine-figure sales to more restrained performance across major segments. Auction houses and dealers reported that works exceeding $10 million were notably depressed in both volume and value, underscoring the cooling at the very top of the market.

Gustav Klimt — Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer) (ca. 1914–16) — $236.3 million (£170,7 million ) The standout sale of 2025 and one of the highest-priced artworks at auction ever.
Gustav Klimt — Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer) (ca. 1914–16) — $236.3 million (£170,7 million ) The standout sale of 2025 and one of the highest-priced artworks at auction ever.

Despite this contraction, the art market showed signs of resilience in 2025. Major auction houses like Sotheby’s and Christie’s posted combined sales exceeding $13 billion, driven partly by renewed engagement from seasoned buyers and increased participation by younger collectors, including millennials and Gen Z. Record-setting sales in certain categories, such as Gustav Klimt’s Portrait of Elisabeth Lederer at the tail end of the year and high-profile luxury collectible sales, have also bolstered confidence.

Shifts in Buyer Demographics and Market Behaviour

One of the most significant developments in 2025 is the changing profile of art buyers. Younger collectors are increasingly active, drawn by the more accessible price points, digital platforms, and cultural relevance rather than purely investment motives. Auction houses report that younger generations now represent a substantial share of participants, reshaping demand dynamics. This shift mirrors broader cultural preferences, where art selections are informed by identity, social narratives, and inclusivity.

At the same time, affordable and mid-priced art markets have gained momentum. Works priced under $5,000 or within the $1 million–$10 million band saw increased activity, reflecting a market adapting to constrained high-end spending and welcoming new, mainly young collectors who are attracted by smaller works and budget-friendly pieces, this has not only expanded transactional volume but also democratised art collecting, ushering in individuals who previously may have felt excluded from traditional galleries and auctions. Certainly when I started my career, the vast number of buyers and dealers I dealt with were much older than me and the age at which people began collecting was probably was much higher that it is now.

Vincent van Gogh — Romans Parisiens (Les Livres jaunes) (1887) — $62.7 million (£45.3 million) A still-life work from Van Gogh’s Paris period.
Vincent van Gogh — Romans Parisiens (Les Livres jaunes) (1887) — $62.7 million (£45.3 million) A still-life work from Van Gogh’s Paris period.
Frida Kahlo — El sueño (La cama) (1940) — $54.6 million. A rare Kahlo top-lot and a record result for the artist at auction in 2025.
Frida Kahlo — El sueño (La cama) (1940) — $54.6 million. A rare Kahlo top-lot and a record result for the artist at auction in 2025.

Digital Transformation and Technology

Digitalisation continues to be a defining influence. Online art sales platforms have grown steadily, offering broader and easier accessibility and connecting international buyers with diverse artworks from the comfort of their phone or tablet. The initial hype around NFTs has matured into more nuanced integration of digital art within traditional markets, where blockchain and online tools support provenance verification and fractional ownership models (though with varying levels of engagement and success).

Artificial intelligence plays a dual role: artists are experimenting with AI-assisted creation, raising fresh debates about authorship and ethical demands around transparency in AI art practices have also emerged, prompting calls for clearer standards and educational initiatives.

Geographic and Cultural Trends

Regional markets are gaining prominence as geopolitical tensions and trade policies influence cross-border movements of art. While the U.S. remains the largest segment of global sales, other hubs such as the UK have maintained significant market share, and emerging regions like the Middle East, India, Africa, and Latin America have seen increased visibility and collector interest.

Art fairs and exhibitions continue to adapt to market realities: Art Basel and Art Basel Miami Beach emphasised mid-priced works and digital platforms, attracting younger, more diverse participants and introducing curated initiatives to support emerging galleries and new media.

Mark Rothko — No. 31 (Yellow Stripe) (1958) — $62.1 million (£44.8 million) A powerful example of Rothko’s signature Colour Field painting.
Mark Rothko — No. 31 (Yellow Stripe) (1958) — $62.1 million (£44.8 million) A powerful example of Rothko’s signature Colour Field painting.

Looking Ahead

The market is heading into 2026 in a much better mood than it’s been in years, according to a new global art. Market outlook report from research firm Art Tactics shows that after a long hangover following the 2022 peak, art market confidence is back selectively and cautiously, and with clear favourite blue chip artists. In addition, more than 50% of art market participants expect the market to grow in 2026 up sharply from last year and auction sales so far in 2026 are already reflecting that shift.

I feel an upwards trend coming and judging by my experience of the market over the last 30 years these upwards trends come in like a rocket so often they have happened before you know it so it might be worth thinking of revising your insurance value sooner rather than later! Of course we at Doerr Dallas Valuations will be watching the market like hawks as we always do and will of course be keeping you posted on the art market in 2026!

Jean-Michel Basquiat — Crowns (Peso Neto) (1981) — $48.3 million (£34.9 million). A lively Basquiat from the early 1980s.
Jean-Michel Basquiat — Crowns (Peso Neto) (1981) — $48.3 million (£34.9 million). A lively Basquiat from the early 1980s.

Rubens with Jokes: The World According to Beryl Cook

In the Pantheon of popular British artists of the 20th century in which I include Helen Bradley and L S Lowry, Beryl Cook (1926 – 2008) stands out for so many reasons. Not only because despite being entirely self taught, she was a commercially savvy and successful artist, but also for her vibrant and humorous approach to her subject matter. She painted ordinary people like you and me or others we know and love, having fun with friends and family and living their best lives.

Tom Dancing. Sold at auction in 2007 for £24,000. Insurance value would be around £50,000.
Tom Dancing. Sold at auction in 2007 for £24,000. Insurance value would be around £50,000.

Biography & Beginnings

Born, Beryl Francis Lansley in Egham, Surrey, on 10 September 1926, she left school at 14 and held various jobs in and around London, including working as a showgirl and also in fashion—experiences that later influenced her keen observation of style and human behaviour.

In the early 1950s, after marrying and moving to Southern Rhodesia (now Zimbabwe), she painted her first picture using her son’s paintbox. Upon returning to England in the 1960s, she settled in Plymouth. By now in her 40’s Beryl took on art as her full time career, she rolled up her sleeves and began painting furiously and seriously—often on whatever surfaces were at hand!

Elvira’s Cafe. Sold at auction in 2022 for £65,000.The insurance value would be around £140,000
Elvira’s Cafe. Sold at auction in 2022 for £65,000.The insurance value would be around £140,000

Her first exhibition in 1975 at Plymouth Arts Centre was a breakout success, boosted by features in the Sunday Times Magazine and leading to continuous exhibitions at London’s Portal Gallery spanning 32 years. In the early 90’s her work began making an impact on the auction market with her by then very recognisable paintings making between £3,000-6,000. These days her pictures can make well over ten times as much as this, the current auction record stands at £82,000 for one of her signature works, ‘Elvira’s Café’ which sold in a London auction in 2022, when it left its £12,000-18,000 pre-sale estimate way behind!

‘Packing the car’. Sold at auction in 2004 for £18,000. Insurance value would be £40,000.
‘Packing the car’. Sold at auction in 2004 for £18,000. Insurance value would be £40,000.

Artistic Style & Themes

Cook remarkably created over 500 paintings during her career all in her own unique style that owes nothing to any existing Schools of Art or artistic movements, to anyone else this would have presented them with difficulties, however in Beryl’s world everybody she saw was potential subject matter.

‘Hen Night’. Sold at auction in 2024 for £25,000. Insurance value would be £45,000.
‘Hen Night’. Sold at auction in 2024 for £25,000. Insurance value would be £45,000.

Many of us may be quite familiar with her style without realising it, her work is published widely and once seen is instantly recognisable afterwards with her exaggerated, rounded figures, painted in bold and bright oil colours, scenes of everyday social life—pubs, clubs, hen nights, weddings, parties, holidays—all convey a familiar warmth, humour, and humanity. Described playfully by comedian Victoria Wood as “Rubens with jokes,” her work mixes generous forms with playful satire, celebrating life through accessible, often cheekily amusing compositions.

Private View. Sold at auction in 2002 for £19,000. Insurance value would be £45,000.
Private View. Sold at auction in 2002 for £19,000. Insurance value would be £45,000.

Early opinions on her work from critics largely viewed her subjects as populist and kitsch, however these views are hastily being reassessed for today’s more enlightened views and her paintings of working class women are now seen as empowering and celebratory.

Legacy & Recognition

Beryl was awarded an OBE in 1995 for services to art, and her work hangs in major UK collections and institutions, including Plymouth’s The Box, Bristol and Glasgow museums, and has featured in retrospective exhibitions at the Baltic in Gateshead (2007), Bristol (2008), and Plymouth (2017).

The Vicar’s Tea Party. Sold at auction in 2008 for £25,500. Insurance value would be £65,000.
The Vicar’s Tea Party. Sold at auction in 2008 for £25,500. Insurance value would be £65,000.

International exposure came later, with two major US exhibitions in New York and LA under the title Beryl Cook Takes New York/L.A., bringing her colourful subjects illustrating her view of life and people in LA and New York.

In 2024, Studio Voltaire in London hosted a dialogue style exhibition pairing her work with artist Tom of Finland, exploring themes of gender, class, sexuality, and pleasure. The gallery launched a public appeal to locate original works held in private collections for the show.

The red umbrella. Sold at auction in 2022 for £30,000. Insurance value would be £65,000.
The Red Umbrella. Sold at auction in 2022 for £30,000. Insurance value would be £65,000.

A major exhibition of previously unseen and cherished works is set for Plymouth in January 2026 at The Box, giving new attention to her contributions and personal archive including letters and private reflections

Cook captured ordinary people enjoying themselves with empathy and vivacity. Her work transcends class and culture by focusing on universal themes of camaraderie, celebration, and everyday joy. Despite being largely ignored by the art establishment in her day, her legacy continues through exhibitions, reproductions, and cultural reappraisals that stretch beyond the UK.

Café in Los Angeles. Sold at auction in 2019 for £28,000. Insurance value would be £58,000.
Café in Los Angeles. Sold at auction in 2019 for £28,000. Insurance value would be £58,000.

Her playful yet generous vision of humanity remains impactful—and more relevant now as institutions reevaluate the power of “popular” art to reflect and empower everyday life. Thanks to a late blooming passion and unfiltered eye for life’s quirks, Beryl Cook turned vibrant, affectionate snapshots of ordinary people into a truly celebratory art legacy.

To arrange an art valuation, all us on 01883 722736 or email us at [email protected]

Curating a Nation: The Art of the Scottish Parliament

The original Parliament of Scotland (Estates of Scotland) existed from the early 13th century right up until 1707. Following The Acts of Union 1707, the Kingdom of Great Britain was formed, the Parliament of Scotland closed, and a Parliament of Great Britain was created.

Fast forward through many turbulent years and the first elections for the Scottish Parliament were held on 6 May 1999.

The Scottish Parliament
The Scottish Parliament

On 1 July 1999, the Scottish Parliament was officially opened by Her Majesty The Queen and was awarded its full law-making powers, and a competition was launched to design a new building. This was ultimately won by Spanish architect the late Enric Miralles, with his firm EMBT, in collaboration with RMJM and Ove Arup & Partners.

The completion of the Scottish parliament in the Autumn of 2004 brought excitement, anticipation and pride to Edinburgh and the rest of Scotland, representing power and debate north of the border.

The building is an arresting example of contemporary architecture, situated in Holyrood Park at the foot of Arthurs Seat and opposite Holyrood Palace. Taking inspiration from not only the immediately surrounding landscape but further afield, the ponds to the front concourse representing the lochs of Scotland.

The interior is an eye-catching mix of granite, oak and glass, bringing in shafts of light to this remarkable space. Not only the perfect location for debating the important issues of Scotland but a perfect backdrop to showcase a wide range of artistic talent.

The Scottish Parliament
The Scottish Parliament
The Scottish Parliament

Entering the large reception my eye was drawn to the Honours Regalia sculpture. Standing just over 50cm high this modern representation of the crown, sword and sceptre was commissioned by the Incorporation of Goldsmiths of The City of Edinburgh. Made by renowned silversmith the late Graham Stewart, it is part plated in 24ct gold and bears the distinct Edinburgh castle hallmark. Presented by Her Majesty The Queen at the opening of Holyrood in 2004 this deeply symbolic sculpture takes pride of place.

The Honours Regalia sculpture by Graham Stewart.
The Honours Regalia sculpture by Graham Stewart.
The Honours Regalia sculpture by Graham Stewart.

Moving round to the left is the striking installation ‘Psalmsong 2003’ by Alison Kinnaird. Mounted on the curved wall and beautifully lit, this atmospheric and haunting work represents the circle of life and requires more than one viewing!

‘Psalmsong 2003’ by Alison Kinnaird.
‘Psalmsong 2003’ by Alison Kinnaird.
‘Psalmsong 2003’ by Alison Kinnaird.
‘Psalmsong 2003’ by Alison Kinnaird.

‘The Anchorites’ by Will Maclean is a symbolic and imaginative sculpture of a small boat on an unknown journey, viewed from above, alluding to early Celtic monks seeking isolated spots for meditation.

The central figurative shield shape contains male and female attributes alongside the basics for survival – corn, grinding stones and wood. Born in Inverness and inspired by Highland culture, the sea and emigration, Will Maclean studied at Gray’s School of Art after several years at sea.

Approaching the wide staircase the bright marine colours of Ian Hamilton Finlay’s deconstructed boat is striking against the plain concrete wall. Working in collaboration with Peter Grant, this is a humorous take on the over lapping boards which form the coble.

The original coble boat has its roots in Whitby, hence the registration number WY, but these flat-bottomed boats were also used to fish for salmon in Scotland.

‘The Anchorites’ by Will Maclean
‘The Anchorites’ by Will Maclean
Ian Hamilton Finlay’s deconstructed boat
Ian Hamilton Finlay’s deconstructed boat

Following the sweeping staircase, we come across ‘Quartet 1980’ by James Munro. Shining in the Scottish summer sun, this abstract steel sculpture represents the shadows cast by a quartet of musicians. Music played a large part in Munro’s life; he became an accomplished vibraphone and keyboard player following the post WWII jazz movement. The family had a large impact in arts and music in East Lothian. Today you can follow The Munro family Public Art Trail across East Lothian and Edinburgh.

‘Quartet 1980’ by James Munro.
‘Quartet 1980’ by James Munro.
‘Contemplace’, by George Ralston Wyllie, (1921-2012).
‘Contemplace’, by George Ralston Wyllie, (1921-2012).
‘Contemplace’, by George Ralston Wyllie, (1921-2012).
‘Contemplace’, by George Ralston Wyllie, (1921-2012).

With reference to the distinctive forms of the furniture of Charles Rennie Mackintosh, the steel chair with its tall back sits above his playful interpretation of The Stone of Destiny.

Wyllie left his job as a Customs and Excise officer in Greenock in 1980 to study art and proclaimed himself to be a “scul?tor” as a result of him being unsure if he was an actual sculptor.

It’s evident that much knowledge and consideration went into the selection of the works to be displayed within The Scottish Parliament. It’s a dynamic and varied collection which truly represents the heritage of Scotland and the pride and traditions of its people.

For tours and general information see parliament.scot


To arrange a valuation of your items, call us on 01883 722736 or email us at [email protected]

 

The Scottish Colourists

The Scottish Colourists

I have a long list of personal artistic heroes from all eras, each is talented in their own ways however rare among my list of heroes are groups of artists. One notable and exceptional group of my ‘hero’ artists are the Scottish Colourists, all hugely talented individuals in their own right whose love of colour, light, form and the open air sing out from all of their pictures.

The Scottish Colourists were a group of four artists—Samuel John PeploeFrancis CadellGeorge Leslie Hunter, and John Duncan Fergusson—who all worked primarily in the early 20th century and are celebrated for bringing bold, modern European artistic influences into Scottish art. Though they were not a formal movement during their lifetimes, their work is now collectively recognised as a group of four and their work is admired by private collectors across the world for its vibrant palette, modernist approach, and synthesis of Scottish subject matter with the avant-garde styles of France.

The four drew heavily on French Impressionism, Fauvism, and Post-Impressionism art, particularly from the work of Manet, Cézanne and Matisse, the Colourists emphasised light, colour, and compositional clarity. Each artist had strong personal ties to France, where they absorbed the stylistic innovations of the Parisian art world, returning to Scotland with a fresh and radical aesthetic.

Francis Cadell – Artist Profile

  • Full Name: Francis Campbell Boileau Cadell
  • Birth: April 12, 1883, Edinburgh, Scotland
  • Death: December 6, 1937, Edinburgh, Scotland
Early Life & Family

Francis Cadell was born into a well-to-do, cultured Edinburgh family. His father, Dr. Francis Cadell, was a distinguished surgeon and Fellow of the Royal College of Surgeons of Edinburgh. His mother, Mary Hamilton Boileau, came from a family with military and aristocratic ties. Cadell was raised in a supportive environment that encouraged his artistic pursuits from an early age.

At just 16 years old, he moved to Paris to study at the prestigious Académie Julian, an experience that would shape his early style and expose him to the modernist developments then unfolding in France.

Education & Career

After Paris, Cadell continued his studies in Munich before settling back in Scotland. His career truly flourished in the years following World War I, during which he served in the army. His style matured into a distinctive blend of elegant modernism, defined by clean lines, vibrant but controlled colour, and a refined sense of composition.

Cadell was particularly associated with the New Town of Edinburgh and the Hebridean island of Iona, both of which featured prominently in his work. His paintings ranged from chic interiors and society portraits to luminous seascapes and landscapes.

Style & Legacy

Cadell’s work is known for its:

  • Bold yet harmonious colour palette
  • Strong decorative sense
  • Elegantly stylized compositions

He was deeply influenced by the French avant-garde, particularly Manet and Matisse, however he maintained a distinctly Scottish sensibility in his choice of subject matter.

Although he faced financial difficulties later in life and died in relative obscurity, Cadell’s reputation has since grown. Today, he is celebrated as one of the key figures in Scottish modern art and an integral member of the Scottish Colourists.

Francis Campbell Boileau Cadell RSA RSW (British, 1883-1937) An Old Croft, Iona
Francis Campbell Boileau Cadell RSA RSW (British, 1883-1937) An Old Croft, Iona. Sold at auction for £64,900 in 2015. I would suggest an insurance valuation of £150,000.
FRANCIS CAMPBELL BOILEAU CADELL R.S.A., R.S.W. (SCOTTISH 1883-1937) STILL LIFE WITH TULIPS
FRANCIS CAMPBELL BOILEAU CADELL R.S.A., R.S.W. (SCOTTISH 1883-1937) STILL LIFE WITH TULIPS. Sold for £724,500 at auction in 2023. I would suggest an insurance valuation of £1,200,000.
Francis Campbell Boileau Cadell CASSIS, LE PORT
Francis Campbell Boileau Cadell CASSIS, LE PORT. Sold for £287,700 at auction in 2023. I would suggest an insurance valuation of £475,000.
Francis Campbell Boileau Cadell RSA RSW (British, 1883-1937) Iona
Francis Campbell Boileau Cadell RSA RSW (British, 1883-1937) Iona. Sold for £44,800 at auction in 2025. I would suggest an insurance valuation of £95,000.

Samuel Peploe - Artist Profile

  • Full Name: Samuel John Peploe
  • Birth: January 27, 1871, Edinburgh, Scotland
  • Death: October 11, 1935, Edinburgh, Scotland
Early Life & Education

Samuel Peploe was born into a wealthy Edinburgh family. His father, Robert L. Peploe, was a successful banker, and the young Samuel was initially expected to carve out a professional career in law or banking. However, his artistic talent and passion for painting quickly became evident. After briefly studying law, Peploe chose instead to pursue art, enrolling first at the Trustees’ Academy in Edinburgh, and then continuing his training in Paris at the Académie Julian and later at the Académie Colarossi , also in Paris and run by the artist’s model and sculptor Filippo Colarossi.

While in Paris, Peploe was exposed to the then revolutionary work of the Impressionists and Post-Impressionists, particularly Édouard Manet, whose influence would echo throughout Peploe’s mature work.

Career Development

Peploe initially painted landscapes, portraits, and interiors, but found his distinctive voice in still-life painting. His early palette was quite restrained, characterised by tonal subtlety and a sense of quiet harmony.

By the 1910s and 1920s, Peploe had begun experimenting with bolder colour and tighter compositions, reflecting his deepening interest in Cézanne and Fauvism. His move toward high-keyed colour, simplified forms, and carefully balanced arrangements made his work instantly recognisable and marked a radical departure from the much more conservative narrative traditions of Scottish painting.

Peploe painted in France, particularly in Paris and on the coast of Brittany, he also worked extensively in Scotland, especially in the Hebrides, where he often painted alongside Francis Cadell.

Style and Technique

Peploe’s work is known for:

  • Vibrant colour and a bold, deliberate brushstroke
  • Carefully structured compositions, often with objects placed on crisp white tablecloths or against dramatic black backdrops
  • A modernist sensibility rooted in observation, yet transformed by formal abstraction

He is particularly celebrated for his still lifes—featuring flowers, fruit, ceramics, and drapery—which demonstrate his acute sensitivity to form, space, and light. He was not fully appreciated during his lifetime, however Peploe’s work gained greater recognition after his death. Today, he is widely regarded as one of the most significant Scottish artists of the 20th century. His paintings are held in major collections, including the Scottish National Gallery of Modern Art, and continue to be highly sought after by collectors.

Personal Life

Peploe married Margaret MacKay in 1910. The couple had one son, Denis Peploe, who also became a painter. Despite periods of financial hardship, particularly during World War I, Peploe remained dedicated to his artistic vision until his death in 1935.

Samuel John Peploe RSA (British, 1871-1935) Luxembourg Gardens, Paris
Samuel John Peploe RSA (British, 1871-1935) Luxembourg Gardens, Paris. Sold for £76,600 at auction in 2024. I would suggest an insurance valuation of £125,000.
Samuel John Peploe RSA (British, 1871-1935) Iona Abbey
Samuel John Peploe RSA (British, 1871-1935) Iona Abbey. Sold for £50,000 for auction in 2016. I would suggest an insurance valuation of £95,000.
Samuel John Peploe RSA (British, 1871-1935) Iona Abbey
Samuel John Peploe RSA (British, 1871-1935) Iona Abbey. Sold for £98,500 at auction in 2016. I would suggest an insurance valuation of £150,000.

George Leslie Hunter – Artist Profile

  • Full Name: George Leslie Hunter
  • Birth: August 7, 1877, Rothesay, Isle of Bute, Scotland
  • Death: December 7, 1931, Glasgow, Scotland
Early Life & Background

George Leslie Hunter was born into a large family in Rothesay on the Isle of Bute, but at the age of 15, he emigrated with his family to California, settling near San Francisco. Unlike the other Scottish Colourists, Hunter was largely self-taught, and his route to painting was highly unconventional.

In his early years, Hunter worked as a graphic illustrator and cartoonist, producing drawings for magazines and newspapers. He also studied briefly at the California School of Design, but his development was largely informal. After the 1906 San Francisco earthquake, which destroyed much of his early work, he returned to Scotland, determined to devote himself fully to painting.

Career Development

Hunter’s career was a story of struggle, persistence, and transformation. He began exhibiting in Glasgow and quickly became known for his expressive landscapes and still lifes. In 1908, a trip to Paris introduced him to French modernism, especially the work of the Impressionists and Post-Impressionists, and began a shift in his style toward more vivid colour and looser brushwork.

A pivotal moment came in 1922 when Alexander Reid, a prominent Glasgow art dealer, organized a joint exhibition of Hunter’s work alongside that of Peploe, Fergusson, and Cadell. This show helped solidify the public’s perception of the four artists as the Scottish Colourists, though they never formally operated as a group.

Style & Technique

Hunter’s style is marked by:

  • Luminous, radiant colour, often layered in broken brushstrokes or loose, spontaneous patches
  • A sensitive, emotionally charged handling of paint, conveying a direct response to nature and atmosphere
  • A focus on landscapesstill lifes, and harbour scenes, especially views in around FifeLoch LomondProvence, and the south of France

His still lifes—particularly those with fruit, jugs, and flowers—show his remarkable ability to create harmony and vitality with colour and form. His landscapes, meanwhile, often capture a shimmering, almost dreamlike sense of place.

Despite his technical sophistication, Hunter remained plagued by self-doubt, frequently reworking or even destroying his own paintings, believing them inadequate. This insecurity, combined with physical and mental health struggles, affected both his output and recognition during his lifetime.

Personality & Later Years

Hunter was known for his eccentric and unpredictable temperament, often struggling with bouts of depression and illness. He lived a somewhat bohemian lifestyle, moving between France and Scotland, and was known for his intense periods of creativity followed by periods of complete withdrawal.

By the late 1920s, Hunter’s work had matured into a distinct and powerful style. However, his health deteriorated sharply. He died in 1931 at the age of 54, just as he was beginning to receive the recognition he had long sought.

George Leslie Hunter (British, 1877-1931) Landscape in Fife
George Leslie Hunter (British, 1877-1931) Landscape in Fife. Sold for £17,850 at auction in 2022. I would suggest an insurance valuation of £42,000.
George Leslie Hunter (British, 1877-1931) Still Life with Gladioli, Dish and Fruit, on Pink Cloth Painted circa 1923
George Leslie Hunter (British, 1877-1931) Still Life with Gladioli, Dish and Fruit, on Pink Cloth Painted circa 1923. Sold at auction for £44,800 in 2024. I would suggest an insurance valuation of £95,000.

J.D. Fergusson – Artist Profile

  • Full Name: John Duncan Fergusson
  • Birth: March 9, 1874, Leith, Edinburgh, Scotland
  • Death: January 30, 1961, Glasgow, Scotland
Early Life & Education

J.D. Fergusson was born in Leith, the port district of Edinburgh, into a middle-class family. Originally intended for a career in medicine, he soon abandoned formal education to pursue his passion for art. He studied briefly at the Trustees’ Academy in Edinburgh but quickly rejected its academic approach. Like Hunter, Fergusson was largely self-taught, relying on travel, observation, and personal exploration to shape his style.

In the late 1890s, he began spending time in Paris, a city that would deeply influence his artistic direction. There, he immersed himself in café culture, intellectual life, and the art scene, encountering the work of ImpressionistsFauves, and Post-Impressionists firsthand.

Paris and the Avant-Garde

From 1907 to 1914, Fergusson lived in Paris, and this period proved to be a catalyst for his future development as an artist.During this time he connected with artists and writers in the heart of the European avant-garde, including MatisseDerain, and members of the École de Paris. He exhibited at the Salon d’Automne, becoming part of the broader modernist movement.

Fergusson embraced the Fauvist love of vibrant, unmixed colour, as well as Cubist ideas about structure and form, although he remained committed to a personal and sensual response to the world, particularly the human figure.

Artistic Style and Themes

Fergusson’s work is distinguished by:

  • Vivid, expressive colourful  and confident brushwork
  • A strong focus on the female form, often idealized and stylized, exploring themes of vitality, movement, and beauty
  • Engagement with dance and performance, especially during his time in Paris
  • A tendency toward rhythmic composition and sculptural solidity, blending Fauvism with classical influences

His later work shows a shift toward a more structured, monumental style, especially in his depictions of nudes and dancers, which reflect both modernist abstraction and an enduring interest in classical balance.

War and Return to Britain

With the outbreak of World War I, Fergusson returned to the UK and was devastated by the loss of many Parisian friends and the fragmentation of the vibrant prewar cultural scene. He spent time in London and Edinburgh, eventually settling in Glasgow.

During the interwar years, he became a driving force in the Scottish art world, founding the New Art Club in Glasgow and later the New Scottish Group, advocating for modernist principles in Scottish art.

Personal Life

A deeply cosmopolitan and passionate figure, Fergusson was also a writer, thinker, and art theorist. He had a lifelong partnership with Margaret Morris, a pioneering dancer and choreographer whose work strongly influenced his art. Through Morris, Fergusson developed a keen interest in movementrhythm, and human anatomy, which became central motifs in his paintings and sculptures.

Later Years and Legacy

Fergusson lived a long and productive life, remaining active into his 80s. He died in 1961 in Glasgow, by which time his reputation had undergone a significant revival. His legacy is that of a true modernist—one who brought the spirit of European avant-garde into Scottish art and insisted on the emotional and intellectual richness of modern painting.

The Fergusson Gallery in Perth, Scotland, holds an extensive collection of his work and remains a major centre for studying his contributions to British and European art.

JOHN DUNCAN FERGUSSON R.B.A. (SCOTTISH 1874-1961) ROSE IN THE HAIR, 1908
JOHN DUNCAN FERGUSSON R.B.A. (SCOTTISH 1874-1961) ROSE IN THE HAIR, 1908. Sold for £243,951 at auction in 2024. I would suggest an insurance valuation of £450,000.
John Fergusson Près de l'Étoile, Paris
John Fergusson Près de l'Étoile, Paris. Sold for £94,500 in 2022. I would suggest an insurance valuation of £185,000.

Legacy of the Colourists

While J.D. Fergusson was perhaps the most forward-looking and intellectually ambitious of the Scottish Colourists,  Peploe and Cadell refined the still life and landscape, and Hunter brought lyrical spontaneity, Fergusson aimed for something larger: a synthesis of body, rhythm, and spirit in a modern idiom.

The legacy of the Scottish Colourists perhaps most significantly lies in their transformation of Scottish painting, bridging the gap between traditional academic approaches and the modernist spirit of the early 20th century. Today, they are recognised not only for their technical skill and aesthetic innovation, but also for their pivotal role in placing Scottish art on an international stage.

Photo london & Affordable Art Fair

From Hampstead to Somerset House: Highlights from London’s Spring Art Fairs

Recently two of our specialists have been exploring some of the London art exhibitions – Photo London 2025 and the Affordable Art Fair. Here is their experiences in their own words:

Ashley Crawford, Asian Art Specialist

Recently, I attended the annual Affordable Art Fair in Hampstead (one location of several worldwide taking place throughout the year) to explore artworks by Contemporary Asian artists, both living in Asia and throughout the diaspora. The Affordable Art Fair generally sells works up to approximately 7,500 GBP and often below 1,000 GBP. This event is not only a great way to support living artists, but is also an opportunity to observe wider art market trends and discover up-and-coming artists locally and from around the world.

My first stop was TNB Gallery, a Korean Contemporary art gallery. I was immediately drawn to a series by Jeong Oh, who is known for her mixed media depictions of traditional antique Korean moon jars. Her series Holds All Good Things uses mother-of-pearl to depict the smooth, white glaze of moon jars with touches of color in a way that makes the jars particularly contemporary, while paying homage to their antique Korean heritage. Mother-of-pearl has also long been used in various Korean art forms. The three dimensionality and presence of mother-of-pearl means that these works appear different when viewed from various angles. The addition of gold creates a touch of drama that is otherwise absent from traditional moon jars. Oh’s larger works have recently been offered for roughly 7,500 GBP – 20,000 GBP, but her smaller objects on display at the Affordable Art Fair were all listed at about 1,000 GBP or under. For collectors searching for actual ceramic moon jars, they will be spoiled for choice; this ceramic form dates from the late 17th century, with many contemporary renderings and antiques from the centuries in between. The most famous Contemporary moon jar artist is Young-Sook Park. Although his works are not the most affordable, there is ample modern-day production of this beloved Korean art form to suit a wide range of budgets.

Three works from Oh’s series Holds All Good Things. Photographs by Ashley Crawford.
Three works from Oh’s series Holds All Good Things. Photographs by Ashley Crawford.
Three works from Oh’s series Holds All Good Things. Photographs by Ashley Crawford.
Three works from Oh’s series Holds All Good Things. Photographs by Ashley Crawford.
A Young-Sook Park moon jar sold at Christie’s in 2022 for $32,760. Source: Christie’s
A Young-Sook Park moon jar sold at Christie’s in 2022 for $32,760. Source: Christie’s

Next, I visited Hanoi Art House, which specializes in Contemporary Vietnamese art. Contemporary Southeast Asian artists have typically been underrepresented in London (especially compared to Paris), even within Asian art circles, but the Affordable Art Fairs in Battersea and Hampstead have consistently showcased living Vietnamese artists over the past several years. My favorite works at Hanoi Art House were lacquer-on-wood paintings by Bui Trong Du, who is best known for his depictions of Vietnamese women in traditional dress, often in nature and amongst birds. The ladies’ dresses are intricately decorated. Like Jeong Oh, Bui Trong Du draws on his cultural heritage to inspire his Contemporary renderings, as Vietnamese lacquer dates to at least the 4th century BCE. His works are typically offered for 500 GBP – 9,000 GBP. The works on display at the fair were within his more affordable range.

Bui Trong Du’s lacquer and gold leaf on wood paintings Happiness (2021) and Young Lady and Birds (2024). Photographs by Ashley Crawford.
Bui Trong Du’s lacquer and gold leaf on wood paintings Happiness (2021) and Young Lady and Birds (2024). Photographs by Ashley Crawford.
Bui Trong Du’s lacquer and gold leaf on wood paintings Happiness (2021) and Young Lady and Birds (2024). Photographs by Ashley Crawford.

Lastly, I visited the UK-based Anrad Gallery, which showcased South Asian artists. The highlight of this exhibit was a series of Pichwai paintings by Contemporary artist Sushil Soni. Pichwai is an antique Indian tradition of painting on cloth, depicting Krishna’s Leelas (divine exploits) on temple walls. This practice dates back four centuries. As with the artists at the other galleries discussed here, Soni takes a beloved artistic tradition and breathes new life into it. Anrad Gallery displayed twelve paintings from Soni’s series Baraah Maas (Twelve Months) (2022). Each individual work was listed for 975 GBP. His larger works can be offered for around 1,000 GBP, so these fall within his typical range.

Holi celebration from Sushil Soni’s Baraah Maas (Twelve Months) series (2022). Photograph by Ashley Crawford
Holi celebration from Sushil Soni’s Baraah Maas (Twelve Months) series (2022). Photograph by Ashley Crawford

Pictured above is a vibrant scene of a Holi celebration, again, emphasizing and celebrating India’s cultural heritage.

There is something at the Affordable Art Fair for everyone. I was pleased this year with the continued presence of Asian artists and look forward to returning to the next fair in Battersea this October!

Contemporary Art Specialist Ben Hanly:

The first two weeks of May are busy ones in the London art scene, with 2 very different fairs opening their doors to London’s art loving audiences.

The first fair to open from 7th-11th May, is the Affordable Art Fair, which first launched in London’s Battersea Park back in October 1999. The founding philosophy of the fair was, and still is, to democratise the buying of art – to make the experience easy, accessible and affordable to the general public who often assume that buying art is for ‘other’ people and not themselves. The fair has been roaring success and has now grown into a veritable leviathan with fairs in 13 cities worldwide, including 3 in London at Battersea Park (October and March) and 1 at Hampstead in May.

The May edition in Hampstead Heath had everything one comes to expect from the AAF, with 106 galleries exhibiting and displaying works of art starting at £100 and maxing out at £10,000. Turner prize-nominated David Shrigley was among those showing work, with 106 galleries showcasing contemporary paintings, prints, ceramics, sculpture and photography.

AAF - Claire Knil

This year the Fair invited artist Claire Knill (represented by Lara Bowen Contemporary) to be the fair’s official installation artist. Knill’s large-scale geometric work, Willow Tree, which took centre stage in the main atrium, transforming the space with movement, light, and reflection. The work focusses on the connection between art and mental well-being.

Sessions this year include Summer Lates, where ticket holders can enjoy live DJ sets with a drink in hand while browsing the fair for new art pieces, and family mornings with free activities from painting workshops to face painting.

There is no denying the huge impact that the AAF has had on the international Art Fair landscape. More prestigious fairs may judge it as being too entry level and decorative, however, none can knock its enduring appeal. Similarly, all international art fairs have taken a leaf out of the AAF’s book and put increasing effort and money into developing exciting engagement programs and talks with the aim of appealing to new collectors.

Photo London, which ran from 15th-18th May, is London’s premier photographic fair which brings the finest international photography to the British capital every year. Staged at Somerset House the home of the Courtauld Galleries, the Fair presents the best historic and vintage works while also spotlighting fresh perspectives in photography. Along with a selection of the world’s leading photography dealers and galleries Photo London’s Discovery is dedicated to the most exciting emerging galleries and artists. In addition, each edition sees a unique Public Programme including special exhibitions and installations; and several Awards announced, headlined by the Photo London Master of Photography Award.

Photo London - Grob Gallery - Bill Brandt
Photo London - Grob Gallery - Bill Brandt
Photo London - Niccolo Montese - AMIATA-5_80x53-1701x2500
Photo London - Niccolo Montese - AMIATA

Beyond the Fair, Photo London regularly hosts Pre-Fair Talks engaging with the craft, market and knowledge of photography and acts as a catalyst for London’s dynamic photography community, with major institutions, auction houses, galleries and the burgeoning creative communities in the East End and South London presenting a series of Satellite Events.

Photo London - GBS Gallery - East.-Atlantic-Ocean-IV.-6.39-am-
Photo London - GBS Gallery East Atlantic Ocean IV. 6.39am

This year the Fair marks its 10th anniversary in the capital, and with it, a new direction under the newly appointed Director, Sophie Parker, who was determined to move away from the clichés of pretty pictures of supermodels, artful murmurations of birds and majestic beasts and present something more serious, international and inclusive culturally.

Photo London - GBS Gallery - InOtherWords-2500x1762 - Harry Cory Wright
Photo London - GBS Gallery - In Other Words-2500x1762 - Harry Cory Wright

By and large Sophie Parker has begun to achieve this. 100 galleries took stands in the Fair, ranging from small to large operations, all showing their finest works. At least half the exhibitors this year were foreign galleries, with an increasing presence from Asia. Well established galleries such a the Grob Gallery, showed superb examples by European greats such as Billy Brandt, Brassai and Brancussi; whilst GBS Gallery showed a strong selection of contemporary photography including ethereal landscapes by Harry Cory Wright and figure studies by the Canadian artist Laura Jane Petelko. There was a strong presence of Paris based galleries, including Galerie Bendana-Pinel who showed the work of Niccolo Montesei – one of the short-listed photographers of the Nikon Emerging Photographer Award, and Galerie Clémentine de la Féronnière who showed beautiful nocturnal landscapes by the Paris based artist, Juliette Agnel.

Photo London - GBS Gallery - East.-Atlantic-Ocean-VI.-7.17-am - Harry Cory Wright

The price pointing at Photo London was naturally higher than at the Affordable Art Fair, with prices starting at about £1,500 and reaching over £200,000 for a rare Brancusi photograph. Having said that, many wonderful things could be bought under the AAF’s top limit of £10,000, meaning that both fairs give new or modestly funded collectors the scope to start their own art collecting journey.

Today, as the fair marks a decade of operations, photography is firmly entrenched in the art world mainstream. Blue-chip galleries now routinely display photographic works alongside painting and sculpture at art fairs like Frieze and Art Basel. This shift was exemplified by mega-gallery Hauser & Wirth’s decision to represent Cindy Sherman in 2021—a bellwether event for photography’s ascent. Sherman, who began her career in the 1970s, was long overlooked by major art fairs but now shares gallery representation with icons like Louise Bourgeois and Philip Guston. In 2023, fellow mega-gallery Gagosian announced its representation of Nan Goldin and brought original prints by Francesca Woodman to Art Basel, alongside personal works by the fashion photographer Richard Avedon.

Photo London - Galerie Clémentine de la Féronnière - Juliette Agnel
Photo London - Galerie Clémentine de la Féronnière - Juliette Agnel

Together, the Affordable Art Fair and Photo London highlight the breadth and depth of London’s art scene this May – from accessible, playful pieces to museum-quality photography. Whether you’re starting your collection or expanding it, there’s no shortage of opportunity to engage with art that resonates, challenges or simply brings joy.

To arrange a valuation of your art or photographs, give us a call on 01883 722736 or email us at [email protected].

 

The Art Market 2023 – 2024: A review

2023-2024 has been a deeply complex year all round; the world has had to navigate the continuing conflict in Ukraine, the ongoing volatility in the global financial markets and high inflation and interest rates, together with the increasingly tense and brutal situation in the Middle East. This combination of factors does not breed economic confidence and positivity, but rather caution and concern. This is also true of the art market, which is inextricably linked to the economic markets. 2023-2024 has been a year of contraction and reassessment.

The escalating inflation and other economic concerns in different regions have directly impacted available discretionary income and subsequent spending for many collectors. Even for high-net-worth (HNW) collectors, who may have been less impacted by cost-of-living hikes, concerns over wealth creation and its stability affected their willingness to make discretionary purchases and sales, while volatile social and political issues weighed on sentiment and distracted their focus from their collections.

The two years following the Covid pandemic, saw the art market recover and the general outlook become more positive. Sales increased across all sectors, which saw rapid and expansive growth, with the market reaching new heights – culminating in 2022 with global art sales of $67.8 billion.

In 2023 and 2024, the trickle-down effect from the global economy hit the art market, which saw a noticeable but not drastic 4% downturn, resulting in $64.4 billion global sales across all sectors and regions. Considering the significant external factors at play, this 4% fall has been surprisingly modest. The auction houses saw a greater fall than dealers, losing 7% of their sales versus 3% for dealers.

Pablo Picasso (Spanish, 1881-1973) Femme à la montre (1932) Sold for $139.4 million at Sotheby’s, making it the most expensive artwork sold at auction in 2023.
Pablo Picasso (Spanish, 1881-1973) Femme à la montre (1932) Sold for $139.4 million at Sotheby’s, making it the most expensive artwork sold at auction in 2023.

Interestingly, it has been the lower to mid end of the art market that has fared better than the top of the market. This is unusual as normally in times of economic and political upheaval, the blue chip dominated top end of the market tends to be recession proof – quality is always demand and carries a premium. In this case, however, the relatively heavier downturn at the top of the market was reflective of a lack of supply to the market rather than a lack of money or interest. Major collectors have been reluctant to let major works from their collections go to auction when there is an underlying concern about the economic future. Much of this caution is misplaced, the appetite and money to buy great things still exists, as is evidenced by a slew of strong prices achieved by the major works which did make it to the market – most notably the $139.4m for Picasso’s 1932, Femme à la montre, or the £85.3m for Klimt’s Lady with a Fan. The lower to mid-level of the market had no such issues, with a healthy supply fuelling an increase in overall global sales transactions of 39.4 million (albeit at a lower level).

Gustav Klimt (Austrian, 1862-1918) Lady with a Fan Sold for £85.3 million ($106,756,354) at Sotheby's London
Gustav Klimt (Austrian, 1862-1918) Lady with a Fan Sold for £85.3 million ($106,756,354) at Sotheby's London

One of the main reasons for the relatively modest aggregate downturn in the art market has been differences in the performance of sales in some of the major global art markets – some have fallen but some have risen to counter this.

Historically, the three main players in the art market geographically have been the US, Britain and Asia represented by China in its entirety, including Hong Kong and Singapore. Within this group, the US is, and has always been, the senior partner. The US has the largest concentration of art buying wealth anywhere in the world, it is where the largest financial art transactions occur, and the where the most prominent auctions take place. In spite of this though, in 2023-2024 the US art market dropped by a significant 10% to $27.2 billion, which represents 42% of the global art market. This was predominantly due to the shrinking of the top end of the market.

In contrast, for the first time ever, China out stripped the UK to reach second place, up 19%, with sales of $12.2 billion. The rapid growth in the Chinese market balanced out the drop in the US and UK markets, resulting in the small global aggregate drop of 4%. China’s sudden growth was a result of their delayed bounce back from the COVID crisis – whereas the West came out of lockdown in 2021 and experienced a surge in economic growth; China on the other hand experienced harder and longer lock downs, only coming out of COVID recession in 2022-2023. Their economic boom was therefore felt in 2023, with their population eager to enter the market again with enthusiasm. Also, many auctions which had been cancelled due to COVID were rescheduled for 2023 and early 2024, resulting in a significant spike in sales.

Wassily Kandinsky (Russian, 1866-1944) Murnau with Church II, 1910 Sold for $44.8 million at Sotheby’s New York
Wassily Kandinsky (Russian, 1866-1944) Murnau with Church II, 1910 Sold for $44.8 million at Sotheby’s New York

Historically, whilst Paris has been Europe’s centre of creativity, London has been the great centre of European art trading. In 2023, however, the UK fell to third place globally, down 8% with $10.9 billion. Much of that was due to China’s surging market, but the effects of Brexit were also a significant contributing factor. The increased difficulty and cost of trading in the UK, due to increased bureaucracy and import duties, have had a very real effect on the art market. Add to this, the indefinable impression felt internationally that London has lost its way somewhat and is not open to business as it used to be, has contributed to the UK’s art market decline in sales.

Jean-Michel Basquiat (American, 1960-1988) El Gran Espectaculo (The Nile), 198 Sold for $67m at Christie’s, New York.
Jean-Michel Basquiat (American, 1960-1988) El Gran Espectaculo (The Nile), 198 Sold for $67m at Christie’s, New York.

The growth of online digital sales has continued in tandem to traditional sales. The COVID crisis was pivotal in the push towards online sales, as it was a essential to the survival of the art market at the time. In 2023-2024, online sales rose 7% on 2022 figures to $11.8 billion, representing 18% of all art sales. This figure will do doubt continue to rise as collectors become more tech savvy and comfortable, however, the value of individual purchases remains relatively low – under $50,000. It seems that at the higher level of transactions, collectors still want to touch noses with the artwork before committing!

Whist the art market did contract by 4% in 2023-2024 due to various global economic and geopolitical factors, the market has stayed remarkably strong, nonetheless. Money has not disappeared, nor that the collector base, what has changed is that market is now more a buyer’s market rather than a seller’s market – the inflated hot air has left the room. That said, great things still made very strong prices when they came to the market as evidenced by the following master works which for sale last year.

Mark Rothko (American, 1903-1970) Untitled (Yellow, Orange, Yellow, Light Orange), 1955 Sold for $46.4 million at Christie’s, New York
Mark Rothko (American, 1903-1970) Untitled (Yellow, Orange, Yellow, Light Orange), 1955 Sold for $46.4 million at Christie’s, New York

If you would like an art valuation, get in touch by calling us on 01883 722736 or email us at [email protected].