If I had £5,000 to invest what would I buy?

Posted on November 12, 2021February 6, 2025 by David Dallas

David Oxtoby prints

If my godfather left me £5,000, I wouldn’t hesitate to spend every penny buying the suite of etchings (24), which Dave Oxtoby produced in 1974.

David Jowett Greaves Oxtoby is undoubtedly one of Britain’s greatest printmakers, as the show at the British Museum proved a few summers ago. He was one of the notorious ‘Bradford Mafia’, a group of young Yorkshire artists, who after attending the Regional College of Art in Bradford, came to London to further their education at the Royal College of Art and The Royal Academy schools. As well as Oxtoby, the group included David Hockney, Norman Stevens A.R.A, John Loker and Mick Vaughn. Before he had left the Royal Academy schools, Oxtoby had his first one man show in New York. His was and is a prodigious talent.

By the early 1970s his hands were starting to crack, and he was told that he was allergic to the acrylic paints he was using. After taking medical advice, he took up etching and what a triumph that was. In collaboration with J.C. Editons he produced a suite of 24 immensely complicated, in some cases, 4 colour, etchings. I have the good fortune to own a set of artist’s proofs.

In 1974 I worked for Alex Postan Fine Art and was entrusted with getting publicity for the show of etchings, which included watercolours and acrylics as well as prints. It was the easiest job I have ever had. Marina Vaizey wrote a half page review of it in The Telegraph, Bill Packer, a half page in the Financial Times and it was in the list of the 10 best things to do this Christmas in London in the Daily Express. Rod Stewart came to the private view. Oxtoby went on to exhibit with the Redfern Gallery in Cork Street in the 70s where the private views would sell out. Elton John bought Oxtoby’s canvases in vast numbers, for prices that were somewhere between Hockney and Picasso. He is still with the Redfern.

He has had more than 50 solo exhibitions and taken part in more than 70 group shows, yet for much of the last 30 years has lived like a recluse and kept all his latest work from public scrutiny. The result of this has had an adverse effect on the value of his work.

Oxtoby has not had the recognition for the brilliance of his draftsmanship and use of colour from the establishment that his oeuvre deserves. This seems to be because his work is inspired by popular culture, pop, rock and blues music, which is considered low brow and because he works from photographs, despite knowing subjects like Jimi Hendrix, George Harrison and Roger Daltrey well.

He was 83 in January and is not in good health. The cracked hands, which turned him into a printmaker, were actually caused by misdiagnosed diabetes. What future generations will make of his work remains to be seen, but I believe he is ready for a critical re-assessment and should take his rightful place amongst the greats of late 20th/early 21st century British art.

If I had £5,000 to invest what would I buy?

Posted on October 5, 2021January 15, 2025 by Ben Hanly

£5,000 to buy art – sounds wonderful, doesn’t it? It is certainly a decent chunk of change to play with – large enough to focus the mind and to open the possibility of buying something a little bit more special than a decorative wall filler. Conversely, the moment one starts looking at works in a slightly higher price bracket, and by artists who have more pedigree, suddenly £5,000 doesn’t seem that much at all! A strategy is, therefore, needed if the canny buyer is to maximise their buying power.

For me, if I had £5,000 to spend on one artwork, I would adopt a twofold approach – firstly I would look to buy as good a work on paper as I could find by an artist whose work I loved, but whose paintings are out of my reach. Secondly, in order to maximise my buying power, I would concentrate my search entirely on the auction market rather than buying from a retail gallery. Buying from auction can take a little more time, and it needs a little more research by the collector, but it often allows one to buy works considerably cheaper than retail level. As a famous supermarket says – every little helps!

The artist I would buy with my £5,000 is an artist who I think is significantly undervalued in the current market, both in terms of his talent as well as in comparison to the values many of his contemporaries achieve. Keith Vaughan is a relatively overlooked Modern British artist who was born in 1912 at Selsey Bill in Sussex. He was a self-taught artist with no formal instruction in art, yet he went onto forge a highly individualist and distinctive career which has until fairly recently has been overshadowed by the giants of his generation – Henry Moore, Barbara Hepworth, Terry Frost, Ivan Hitchens etc.

Vaughan started his career as a commercial artist when he was apprenticed at the Lintas advertising agency, from which he gained an understanding of composition and form – both essential skills in commercial art. From 1939, after he left Lintas, Vaughan became a full-time artist. With the outbreak of World War II, Vaughan declared himself a conscientious objector and joined the St John Ambulance; in 1941 he was conscripted into the Non-Combatant Corps.

During the war Vaughan formed friendships with the painters Graham Sutherland and John Minton, with whom after demobilisation in 1946 he shared premises. Through these contacts he formed part of the neo-romantic circle of the immediate post-war period. However, Vaughan rapidly developed an idiosyncratic style which moved him away from the Neo-Romantics. Concentrating on studies of male figures, his works became increasingly abstract.
Vaughan worked as an art teacher at the Camberwell College of Arts, the Central School of Art and later at the Slade School.

Throughout his life, Vaughan’s struggled with his own internal demons. Keith Vaughan was a gay man living in a time when homosexuality was illegal and actively frowned upon by Society. His struggle with his sexuality is reflected throughout his work and in his source of subject matter. Studies of figures and male nudes feature heavily in his work, although they are simplified and abstracted showing the influence of both international Modernism, Cubism his love of ballet and dance. Vaughan suffered from habitual depression and alcoholism, which eventually resulted in his suicide in 1977.

One might be forgiven for thinking that in light of all this Vaughan’s work would be negative and dour, however, this is wrong. As is often the case, personal struggles can produce works of great sensitivity and subtly. Vaughan’s work has a graphic quality that is softened by the use of a very sophisticated colour palette. They are very beautiful, elegant images.

The commercial art market has begun to reflect the increasing interest in, and appreciation of Vaughan’s work, with good examples now regularly achieving six figure sums at the auction. His works are also appearing more frequently at high end art fairs, where wall space has a commercial value, and a dealer’s decision to show a Vaughan instead of another artist is a calculated strategy, and one that reflects growing demand.

And yet, even with this increased visibility Keith Vaughan’s work is still undervalued in relation to many of his contemporaries, and it represents significant investment potential. His drawings in particular are surprisingly accessible financially and it is entirely possible to buy lovely pencil or pen and ink studies for a thousand or two, sometimes less; and more important, finished watercolours and gouaches can be bought within our £5,000 budget at auction.

How long this relative accessibility will last, I cannot say, but in my opinion now is definitely the time to buy Keith Vaughan’s work if like it and respond to it. Clearly, as always, liking an artist’s work is the primary reason for buying it, but it’s always nice to have a healthy upside too.

Sir Terry Frost, 1915-2003

Posted on September 20, 2021January 15, 2025 by Jonathan Horwich

To be asked to write an article about one of my favourite artists is truly a delight. Sir Terry Frost’s muse wasn’t a person but the Cornish town of St Ives. Thanks to Covid this unique seaside town with all its artistic heritage, glorious light, sights and sounds of the sea, which was for so long an inspiration for Terry, is now the ‘go to’ vacation spot for families across the UK, so hopefully current and future generations will get to see for themselves just what inspired Terry and so many other great artists over the years.

Terry was born and brought up in Warwickshire, he left school at 14 and started work locally, working mostly manual jobs with no sense that his natural artistic ability would ever make him a living. When war came he served as a regular soldier, first in France then the Middle East and Greece before joining the Commandos. While serving with them in Crete in June 1941 he was captured and sent to various prisons for the duration of the war. During his time at Stalag 383 in Bavaria, he met the painter Adrian Heath who saw Terry’s talent and encouraged him to paint. Terry later described these years as ‘a tremendous spiritual experience’, he felt that he had gained ‘a more aware or heightened sense of perception during my semi starvation.’

As soon as the war was over, Terry went to study at the Birmingham College of Art, he soon discovered the action was in London and moved down to Camberwell School of Art. By 1946 he had removed to study at St Ives School of painting for one year where he held his first one man exhibition in 1947. He continued his studies in London and Cornwall and when in 1950 he was elected a member of the Penwith Society, he made a move to St Ives in 1951. He later taught at Leeds and in Cyprus and finally settled in Banbury, Oxfordshire in 1963.
In 1960, Frost held his first one-man show in New York at the Bertha Schaefer Gallery. This exhibition was a seminal moment in his career and he said of this experience:
‘In New York they all came to my exhibition, de Kooning, Rothko, Klein. Newman and Motherwell all took me to their studios.

I accepted it all as normal and they accepted me. They were all painters struggling to get somewhere like I was. They worked hard; they would sleep until noon, do eight or nine hours in the studio, and then starting at eleven at night proceeded to drink me under the table! Then we’d go out at four in the morning and have breakfast at a Chinese restaurant.’

I first met Terry in the 1980’s during my early days at Christie’s, I would see him either at our auction preview ‘Drinks’ or at his shows at the Whitford gallery just around the corner in Duke Street. He was always full of fun and told great stories such as this one from his days working in the 1950’s as an assistant to the sculptor Barbara Hepworth in her studios in St Ives … Hepworth was convinced her clients would not buy her work if they knew she didn’t make everything herself, so she was understandably nervous whenever prospective clients came to visit her studios. Terry told me that whenever visits took place he and the other assistants all went down to the pub until the coast was clear. One particular day important clients were coming so Terry and the other assistants made themselves scarce in the pub as usual, expecting on their return to find the visitors long gone. However as soon they arrived back Barbara told them to hide, the clients has arrived late and were still in the house and would be coming up the path any minute now. The assistants all managed to quickly find a hiding place and Barbara began showing the clients around the garden and studio. Terry was well hidden behind a bushy tree, however he could feel all the beer was beginning to well up inside him and very soon he was going to have to pee ! He hung on and on but with the tour continuing he could hold out no longer. He couldn’t risk nipping to the loo so performed the task from his bushy hiding place thinking he had got away with it. However unknown to Terry he had unwittingly created a small river which was running swiftly down the path towards Barbara and her prospective clients, Barbara noticed the stream but luckily her clients were too busy enjoying their tour to notice and Terry got an ‘earful’ from the boss after they had gone.

Terry’s many talents were fully recognised during his long career, he was made an R.A. in 1992 and Knighted in 1998. Speaking in the 1980’s about his work he said; ‘A shape is a shape, a flower is a flower.

A shape of red can contain as much content as the shape of a red flower. I don’t see why one should have to have any association, nostalgia or evocation of any kind. It boils down
to the value of the shape and the colour.’
Terry was always making art and exploring new avenues and mediums. I went to his last London show at the Whitford Gallery to see he had totally changed his medium and had made wonderfully colourful moulded and blown glass pieces. Forever energetic and full of new ideas, Terry Frost represents all that is good and great about late 20th century British Art.

You have £5,000 to spend – David Oxtoby prints

Posted on November 24, 2020August 21, 2024 by David Dallas

How Would I Invest £5,000? By CEO and Old Master Specialist, David Dallas

If my godfather left me £5,000, I wouldn’t hesitate to spend every penny buying the suite of etchings (24), which David Oxtoby produced in 1974.

Image of David Oxtoby swonderful etching

“S’wonderful”: Stevie Wonder. Signed, inscribed and dated ‘74. Published Sept 1974. Artist’s proof for an edition of 50. 3 colour etching on handmade English paper. Plate size: 165 x 142 mm

David Jowett Greaves Oxtoby is undoubtedly one of Britain’s greatest printmakers, as the show at the British Museum proved two summers ago. He was one of the notorious ‘Bradford Mafia’, a group of young Yorkshire artists, who after attending the Regional College of Art in Bradford, came to London to further their education at the Royal College of Art and The Royal Academy schools. As well as Oxtoby, the group included David Hockney, Norman Stevens A.R.A, John Loker and Mick Vaughn. Before he had left the Royal Academy schools, Oxtoby had his first one man show in New York. His was and is a prodigious talent.

‘The Man’: Stevie Winwood. Signed, inscribed and dated ‘74. Published Sept ‘74. Artist’s proof for an edition of 50. 4 colour etching on handmade English paper. Plate size: 335 x 115 mm

Oxtoby went on to exhibit with the Redfern Gallery in Cork Street in the 70s where the private views would sell out. Elton John bought Oxtoby’s canvases in vast numbers, for prices that were somewhere between Hockney and Picasso. He is still with the Redfern.

Private View at Alex Postan Fine Art, Dec 1974. David Oxtoby and Rod Stewart in front of a 5 ft high watercolour by Oxtoby. Photograph by Miki Slingsby

He was 82 in January and is not in good health. The cracked hands, which turned him into a printmaker, were actually caused by misdiagnosed diabetes. What future generations will make of his work remains to be seen, but I believe he is ready for a critical re-assessment and should take his rightful place amongst the greats of late 20th/early 21st century British art.

Caring for Paintings

Posted on November 10, 2020August 21, 2024 by David Dallas

Pictures, like small children, prefer consistency of treatment. In the case of caring for paintings and watercolours this means no violent fluctuations in temperature or humidity.

Water damage

If you have a damp room a de-humidifier can bring the relative humidity down around 40%-60%, above this level and there is a possibility of mould growing on surfaces and this can stain the paper on which watercolours, drawings and prints have been worked, irrevocably. Some moisture in the air is good, especially for inlaid furniture and panel pictures. I was in the Pinacoteca in Bologna 40 years ago, where there was about zero relative humidity and the great wooden altarpieces were groaning like ships’ timbers, as they dried out and moved. It is not like that now!

Example of water damage

Where to hang your painting

Hanging paintings above radiators or chimney breasts is to be avoided as the paint layer dries out and becomes brittle and if the painting is on a panel it can warp. The same applies to furniture.

A light-damaged painting

Direct sunlight is a no-no, especially for watercolours. I remember seeing a large pair of watercolours by Turner hanging in a lightwell. They had been there since 1800 when the owner’s forbear had bought them at Christie’s. I tracked the sale and instead of being worth £200,000 (they were obviously very early ones) they were worth about £5,000 as curiosities. All the colour had been bleached out – no blues, no greens, just pale pink and brown smudges. What a tragedy!

Whether light travels in waves or pulses, it equals heat, and this will damage anything subjected to it. Ultraviolet inhibiting strips can be put on windows, but they are only about 60% effective and should not be exclusively relied upon. Old-fashioned velvet curtains, with brass rods stretched through the bottoms are an ideal way of protecting watercolours in daytime and can be turned back at night.

Artificial lighting can be harmful too, although it lacks the sun’s power, so low energy bulbs should be used and try to avoid picture lights on brass arms attached to the frame of an oil painting. They are too close to the surface of the painting and can cause stress to an old carved and gilded frame.

Cleaning of paintings

The cleaning of all paintings must be left to well-trained professional conservators. It is a highly complex procedure requiring in-depth knowledge of chemistry. Never use a damp cloth to clean the gilding on a frame. If it is water-based gilding, as opposed to oil, it will dissolve. A feather duster is preferable to a cloth duster as it is less likely to snag the carving and pull it off. You can dust the surface of an oil painting, very gently, with a cloth duster.

Lastly, never dust the glass on a pastel, it can cause static electricity to build up and the pastel (powdery chalk), which was never treated with a fixature in the 17th, 18th and 19th Centuries, will jump off the paper and adhere to the inside of the glass!

Damage caused by fly faeces

Some things you just must live with, such as houseflies whose poo can stain an oil painting and can only be removed with a scalpel (don’t try this yourself!). Thunderflies, in high summer, can find their way under the tightest-fitting glass and litter the surface of a watercolour or drawing. Wait until autumn and take the backing off the work on paper, dust them out and reseal.

An example of damage caused by silverfish

Silverfish are a menace. If they get into a Victorian watercolour, they can munch their way through the pigments, which have been impregnated with gum Arabic, (the substance that Osama Bin Laden’s family fortune was based on), leaving patches of bald paper. Try to keep on top of silverfish by regular hoovering.

Another example of damage caused by silverfish

If you do have the misfortune to have water or fire damage or a painting falls off the wall, it makes sense to have a good photographic record of it, as this could help a conservator restore it and a loss adjuster assess a claim.

Patrick Heron (1920-1999)

Posted on September 7, 2020October 21, 2024 by Jonathan Horwich

Patrick Heron was one of the leading painters of his generation and one of my artist heroes. Like me, Heron also had artist heroes. His were chosen from the great French Post-Impressionist painters; namely Pierre Bonnard, Paul Cezanne, Georges Braque and Henri Matisse and the influence of each artist can be seen in many, if not all, of Heron’s paintings.

Henri Matisse, L’Atelier Rouge, Oil on canvas, 181 x 220 cms, Painted in 1911. Collection MOMA New York
Heron first saw this picture during the war in a basement gallery in London, it was for sale at £600 and was bought on behalf of the American collector Mrs Simon Guggenheim who later bequeathed it to MOMA. Heron did not have the money to buy it, however it made such an impression on him that he visited the gallery every day until it was finally sold.

Matisse, as the master of colour, was the inspiration and guide for Heron’s use of colour throughout his professional career. Heron knew Braque and describes a visit to his studio where he saw something completely new to him – an artist working on multiple pictures all at the same time. He speaks of watching while Braque frugally uses up any left-over paint by flitting from picture to picture to find the best location for every tiny dot of colour. Heron considered Bonnard an under-appreciated, semi-abstract painter artist and his mastery of the figure and its importance to a composition was a great influence on Heron’s art throughout the 1940’s and 50’s. Cezanne’s landscapes, when transferred to the scenery of Cornwall, also provided constant inspiration.

Some early drawings and watercolours by the young Patrick Heron aged from 3-8 years old

Heron himself was somewhat of a child prodigy. At the age of three he was making very competent landscape and figure drawings. By five he was almost up to Art School standard. His artistic and enlightened parents eased the burden on Heron’s school teachers by telling them not to worry too much about teaching him anything – he was going to be an artist anyway so he should be left to focus on that. At his secondary school near Harpenden he was indeed left to his own devices. His art teachers could no longer teach him anything and so he painted all day and so was largely self-taught.

Bedroom Mousehole, Cornwall. Signed and dated 1946, Oil on canvas, 76 x 63 cms
Sold in 2018 for 120,000 Euro.
Exhibited at Heron’s first one man show at the Redfern in 1947,

Cornwall was a great influence on Heron. Having first visited there as a child, the family later moved to Hertfordshire where they founded Cresta – a firm of silk printers where Heron helped out by designing scarves aged just 14. He finally returned to Cornwall due to the Second World War. A conscientious objector like his parents, Heron was allowed to go down to Cornwall to work with the potter Bernard Leach; an extraordinary piece of good fortune as Heron was not only able to hone his artistic skills by making pots, he also thrived under the watchful tutelage of Leach. He continued to paint throughout the war and afterwards in 1947 he had his first one-man show at The Redfern Gallery in London.

Blue Table with Window, Signed and dated 1954,
Oil on canvas, 102 x 127 cms
Sold in 2011 for £ 1,049,250 , current auction record price.

Heron was by now spending every summer in Cornwall and a clear transition from figurative painting to pure abstract began through the late 1940’s and 1950’s, always edging nearer to pure colour. This culminated in 1956/57 when he bought ‘Eagles Nest’, a cliff top house near St Ives, which he first saw as a child. Here in Cornwall he paints, ‘Interior Garden Window’ – his final major narrative painting, and then begins a new chapter with the pure abstract ‘Camellia Garden’. Everything thereafter is abstract and all about colour, light and shapes.

Patrick Heron Interior with garden window

Interior with Garden Window , circa 1955/1956,
Oil canvas, 121 x 152 cms. Collection Tate Britain
Heron’s last narrative painting before becoming a totally abstract painter

Watching Heron’s work ethic on film is exhausting. He is either out walking miles every day or painting long hours in Ben Nicholson’s old studio in St. Ives. He can be seen working on a large canvas, almost the size of a bedroom wall. It takes 13 hours straight to fill in the spaces using paint straight from the tube and he works without stopping, explaining that should he take a break then the paint will dry and a mark or ridge will appear where he left off and spoil the picture.

Camellia Garden, March. Signed and dated 1956, oil on canvas, 182 x 91 cms
Sold 2008 for £668,450
Herons first solely abstract painting following directly on from ‘Interior with Garden Window’

From my selection of images, I hope you can see the transition from semi-narrative to pure abstract and the energy and the warmth that comes through from Heron’s exceptional art.

Atmospheric Strata, Feb 1958. Oil on canvas, 122 x 56 cms. Sold 2013 £626,000
One of a relative rare series of very attractive and commercially successful ‘stripe’ paintings

Heron was successful right from his first show in 1947 and in 1985 he was honoured with a retrospective exhibition at the Barbican, which is probably the largest assembly of his works. His prices remained constant for many years until in 2006 they spiked. Prices continued to rise until 2009, when they settled back down a little, but remained strong for Masterworks from both pre and post 1957 eras.

Patrick Heron would have been 100 this year and I am sure that if he were still alive and able to paint, he would be making art as energetically now as he was throughout his amazing career.

Bridget Riley, CH, CBE. Born 1931

Posted on August 25, 2020August 22, 2024 by Jonathan Horwich

Bridget Riley, Bassacs, ’94 (section), signed and dated 94, gouache on paper, 66 x 87 cms. Sold Nov 2019, £250,000

It is impossible not to be moved both spiritually and physically while standing in front of a major work by Bridget Riley. She belongs to a painting movement known as ‘Op Art’.

Bridget Riley – Shift, 1963. Oil on canvas, 75 x 75 cms. Sold twice recently in London, June 2016, £1,426,500 and then February 2020, £2,715,000

Not to be confused with Pop Art, Op Art is short for Optical Art, a style of visual art that uses optical illusions and effects with the aim of destabilising the viewer. The viewer gets the impression of movement, hidden images, flashing and vibrating patterns or of swelling and warping. The movement emerges in the 1960’s and includes other major International artists such as Victor Vasarely and Jesus Rafael Soto.

Bridget Riley – Primitive Blaze, emulsion on board, 1963, 94 x 94 cms.
Sold June 2007 for £826,400

Just try standing directly in front of a Riley work, especially a large 60’s black and white piece. It truly is a unique experience. After a few seconds you begin to feel woozy, then you begin to feel like you are being pulled into the picture itself and so you begin to move involuntarily and to sway gently to gain access, and then your eyes go fuzzy. This effect all comes from the artist’s specific design and her precise aim is to make this happen to you.

Bridget Riley – Chant 2, 1967, Emulsion on canvas, 231 x 231 cms. Sold July 2008, £2,561,250

Bridget Riley uses a studio system to make her pieces; she makes the original design and then her super skilled team produce the finished pictures under her direct supervision throughout. Her distinctive way of working owes little to other artists and her skill, knowledge and experience now spans over 50 years as a working artist. By using a studio method with teams of people who will carry out her ideas and put them into practice means she is freed up to constantly have new ideas and to refresh her art and output.

Bridget Riley – Study fo Point Movement, signed, gouache on card, 68 x 73 cms. Sold Nov 2017, £162,000

I love the sheer precision of her work and also the variety, and I marvel at how she manages to always make it undoubtedly recognisable as the work of Bridget Riley. The most desirable and expensive pieces are the black-and-white works which span the early 60’s from 1961-1964. These culminate in the 1965 exhibition ‘ The Responsive Eye’ held at MOMA New York, when ‘Current’ 1964, by Riley was selected for the front cover of the catalogue.

Bridget Riley – October 5, Revision of August 11, signed and dated 98, gouache on paper, 85 x 56 cms. Sold March 2020, £125,000

Colour works begin to emerge from 1967 onwards and are inspired by places Riley knows or has visited. For example, the ‘Ka’ and ‘Ra’ series relate to her visits to Egypt and evoke the colours, shapes and light in Egypt. The series, ‘Les Bassacs’ is inspired and named after the village of the same name in Provence, near to where Riley has her studio.

Bridget Riley, Bassacs, ’94 (section), signed and dated 94, gouache on paper, 66 x 87 cms. Sold Nov 2019, £250,000

For collectors there is much to choose from; an easy and affordable starting point being the many limited-edition prints, followed by works on paper and then paintings. The big money has until recently been for the 60’s black and white works only which inevitably are now very rare, so in recent years large scale colour works from the 70’s and 80’s and later have increased in price significantly.

Bridget Riley – Serpentine Study, 1999, gouache on paper, 39 x 38 cms
Sold Oct 2019, £50,000

For me, the genius of Bridget Riley is that her work never dates and is always fresh and vibrant in its intensity and vision.

Bridget Riley – Six Circles, gouache, 1970, 79 x 45 cms. Sold June 2018, £125,000

Dame Laura Knight, RA, DBE, RWS (1877-1970)

Posted on August 25, 2020August 22, 2024 by Jonathan Horwich

Dame Laura Knight was an extraordinarily gifted painter, who despite being painfully shy in her early years, later developed a great sense of personal style and strength of character and honed her true genius for colour and composition.

Laura Knight – Artist’s Self Portrait, at her easel, public collection

Laura had a great lust for life and embraced everything it threw at her; from being a teaching assistant at Nottingham School of Art, aged 13, via the shores of North Yorkshire and Cornwall and following critical success becoming the first ever female Royal Academician. She was also the only female War artist in World War Two, covering the Nuremberg War Crime trials as the official British artist, with her career culminating in1963 with being the first female artist to have a full retrospective exhibition of her work at the Royal Academy.

Laura Knight – Nuremberg war crimes trials, collection of the Imperial War Museum

What a life! Laura really packed everything in. She had a very pale ‘English Rose’ complexion and blushed very easily, especially when confronted by ‘chaps’ other than her husband, the painter Harold Knight whom she married in 1903. For those of you who like movies featuring real artists, you can see Laura on Netflix in the flesh as it were in the 2013 movie ‘Summer in February’ starring Dominic Cooper as the painter Alfred Munnings, Laura is brilliantly played by Hattie Morihan and the movie is set in Lamorna, Cornwall.

Laura Knight – On the Cliffs, Cornwall. Signed, oil on canvas, 63 x 76 cms. Sold December 2009, £ 646,050 the current world record price

The action takes place in February of 1913. As Spring comes early down there, it was during what proved to be the last golden, warm, and peaceful Cornish Spring before the destruction and devastation of WW1 arrived in 1914. Laura is tongue-tied and red in the face whenever she is confronted by the roguish painter Alfred Munnings (Dominic Cooper is just playing himself I think!), who takes every opportunity to embarrass Laura with his advances whenever Laura’s husband Harold was nowhere to be seen.

Laura Knight, Ballet Girl and Dressmaker, signed, oil on canvas, 96 x 122 cms. Sold July 2018, £322,000

Laura learned painting from her mother who taught at Nottingham School of Art. When she was only13 her mother became terminally ill and Laura effectively took on her role. She married her childhood friend the painter Harold Knight (1874-1961) in 1903 and they moved to join the Staithes artists’ colony based on the North Yorkshire coast due north of Whitby, living and working in or near the village of Staithes .

Laura Knight – Packing Fish, Staithes, oil on canvas, 60 x 50 cms. Sold March 2013, £20,000

Her style is quite different in Staithes. As money was tight, she painted mostly in watercolour there. However, the work is very charming. She loved the local people and depicted their daily life in low-ceilinged, poorly lit interior with figures using muted and subtle colours.

Laura Knight – Marsh Mallows, Cornwall. Oil on canvas, 76 x 64 cms. Sold Dec 1999, £331,500

The Knights moved to Cornwall in 1907 and by 1908 Laura’s style had transformed under the influence of the warm, brilliant light, dazzling blue green seas and glorious sunny days. All this lifted her palette and her work to new heights. When this new work was first shown at the Royal Academy it caused a sensation and even today these truly remarkable Cornish pictures always command the highest prices.

Laura Knight – Munitions worker, collection of the Imperial War Museum

Laura Knight was a great painter in the British Impressionist tradition and a trailblazer for women artists of the 20th Century. Both Laura and Harold enjoyed critical and financial success, with Laura notably arriving in her Rolls-Royce to paint at the Epsom Derby. She was also amazingly productive, painting continuously for well over 50 years.

Laura Knight – A dull day Epsom, oil on canvas, 63 x 76 cms. Sold may 2014, £88,000

She was always on the hunt for new subjects, which in addition to Staithes and Cornwall include; the theatre, ballet, the circus – with all its players and characters – glamour girls and ladies, horse racing, fairgrounds, landscapes… She was a remarkably busy lady indeed, so luckily for the collector there are many buying opportunities, from fine black and white etchings for not much money, to drawings and sketches, and watercolours and oils.

Mary Fedden 1915-2012

Posted on August 18, 2020August 21, 2024 by Jonathan Horwich

They say you should never meet your heroes, however in my case meeting my heroine Mary Fedden back in 1989 went without a hitch and she was a pure delight throughout.

Mary Fedden
The Blue table, oil on board, 76 x 91 cms.
Painted in 1959,
Sold in Feb 2007 for £49,200 ( estimate 15-20,000)

We were both council members of the artists’ charity the AGBI, founded by J M W Turner in 1814; 200+ years later we are still helping artists and going strong. The Committee would meet eight times a year with ten or more council members, mainly artists with some commercial art members such as myself in attendance also. I sat opposite or near Mary for the next ten years or more and if I close my eyes I can still hear her rich, gentle and mellow speaking voice, just the sort of voice that suits fairy tales read aloud. Mary had been on the council for years when I joined, and she was happily enjoying a well-deserved revival of fortunes. Back in 1989 the art market was enjoying a real high point. It was a ‘bonkers’ market for art which lasted until November 1990 when it finally ‘tanked’.

Mary Fedden Tuscan Terrace, signed and dated 1956, oil on canvas, 50 x 76 cms. Sold £27,500 July 2010 ( estimate £20-30,000)

Mary was showing her work in an exhibition in a gallery in Cork Street. On the opening day lines of people had begun forming up outside the gallery from the early morning, all trying to be first in to buy. Part of the reason for this was Mary’s insistence that her prices should be attractive, ie low so as to ensure success, so the pictures were all priced between £300 and £600, which for the commercially minded collector in the queue outside represented an immediate profit on the current auction prices; hence the feeding frenzy … I remember buyers were limited to no more than 3 pictures per person! On or around Mary’s 90^th birthday in 2005 I managed to get her in for a boardroom lunch I was hosting at Christie’s, at which she told me a little more about her life and career.

Mary Fedden My Things, signed, oil on canvas, 101x 162 cms. Sold twice, first in June 2006 for £30,000 and again in 2008 for £103,250 !!

She had married fellow artist Julian Trevelyan in 1951. It was his second marriage and her first, and as was the convention back then, Mary almost entirely parked her painting career and ambitions not long after they married. At the time it was not thought appropriate to compete with one’s husband in a marriage between painters.

Mary Fedden. Mary’s husband Julian Trevelyan by the Thames, signed, oil on board, painted in 1978, 78 x 68 cms sold for £19,200 in Nov 2007.

Julian became President of the RA and died in 1988 and so 1989 marked the first year Mary felt able to ‘go for it’ as it were. She had not stopped painting in the intervening years, she had just stopped selling. Her pricing was probably still stuck in the fifties also! Her accountant told her that in 1989 she earned as much in that one year as she had earned since getting married in 1951 and 1988!

Mary Fedden Julian in the Greenhouse, signed and dated 1986, oil on canvas, 50 x 40 cms. Sold £ 25,000 July 2015 ( estimate £8-12,000)

The appeal of Mary’s work is universal and immediate and private collectors loved and admired it back then and still do now. Also, for me Mary’s work is unique to her and she does not owe anything to or follow any school of painting, making her work recognisable and attractive.

Mary Fedden, The White Umbrella , signed, oil on canvas, 91 x 101 cms. Sold Nov 2007 for £48,000 ( estimte 30-50,000)

Mary’s prices rocketed, albeit from a low base in the late 80’s, so her confidence grew and grew, and her prices have remained strong continuing to gain ground today. Mary was a delight to know and she lived and loved to paint.

Mary Fedden. Tabby’s dinner, signed, oil on canvas, 40 x 50 cms. Sold June 2007 for £22,000 (estimate £6-8,000)

When she was no longer able to travel, she painted at home in Hammersmith using postcards of her old paintings as source material. I have unashamedly chosen some of my favourite pictures for this piece and you can buy her work at the Portland Gallery in London, who also take great care looking after her estate and artistic legacy.

Investing in Warhol Is Investing in Art History

Posted on July 10, 2020August 5, 2024 by Doerr Dallas Valuations

By Ben Hanly, Modern and Contemporary Art Specialist

Download the article here

“Investing in Warhol Is Investing in Art History” (Eric Shiner, Andy Warhol Museum)
The appeal of Andy Warhol’s work is universal and enduring, and it has been the bedrock of the Post War/Contemporary art market for decades, fuelled by his global fame and the rich supply of work. Not surprisingly, his images which were drawn so strongly from popular culture, have come to define our understanding of contemporary art and culture since the 1970s. The art of Warhol is now so mainstream and so inextricably linked to our visual vocabulary that it is impossible not to be familiar with it.

Contemporary art without Warhol is unthinkable, and this influence and popularity is reflected in the strength of his commercial market which has continued to rise on an upward trajectory since his death in 1987.
In many ways the Warhol market defies traditional market rules where perceived wisdom suggests that market strength is linked to the tension between supply and demand – where a limited supply exists, strong prices usually follow. Paradoxically, the opposite is true with Warhol who was a hugely prolific artist. In 1963, Gerald Malanga introduced Warhol to the hitherto commercial technique of silk-screening which he went on to use throughout his career to produce large numbers of canvases produced in various series, as well as extensive numbers of limited-edition prints.

Normally this would be a recipe for commercial disaster. However, with Warhol it turned out to be a strength. Warhol’s notoriety brought him global fame and this coupled with the easy accessibility of his images which have become icons of our time, has meant that there has always been a strong demand for Warhol’s work. The fact that the large supply of works on offer at any one time to collectors has encouraged a very buoyant and vigorous trading market for the artist. Similarly, the fact that collectors can enter his market at varying price points has been very helpful in developing Warhol’s market.

Even today, it is possible to buy a good Warhol limited edition print for as little as £25,000. Whilst this figure might not be exactly small change, it does represent extremely good value and a very attractive entry point level for new collectors entering the market of such an iconic artist. It is hard to believe that a Warhol Campbell’s Soup Can print can be bought at auction for a little as $35,000. The word ‘iconic’ is often used too freely these days, but in this case the use of the word is fully deserved. Warhol’s soup can imagery is truly iconic and for many people it represents what modern art is, so to be able to acquire such an important piece of art history for a relatively accessible price is remarkable.

At the other end of his market, Warhol’s major canvases can make staggering sums of money – such as his 1963 Silver Car Crash which made $105m at Sotheby’s in 2013; or his Triple Elvis, also from 1963, which made $82m the following year in 2014. It is not surprising that Warhol’s highest prices have been for his seminal early paintings – here rarity and uniqueness come into play as far fewer works were produced in the early 1960s than in later years, and all of them created with much more hands-on involvement from the Artist himself. It was only in the late 1960s/1970s that Warhol’s studio, his now famous Factory, came into full swing and started to produce large numbers of works with an ever-increasing supply of assistants and helpers. The early works from the 1960s are, therefore, pure Warhol and they are the truly iconic images which were to make Warhol’s reputation – his Soup Cans, Marilyn, Elvis, Jackie Kennedy etc.

A market as diverse and large as Warhol’s performs differently at its different price levels; prints perform differently to canvases, which in turn perform differently depending on date and quality. Clearly the masterworks will always be avidly sought after by major clients and achieve huge prices. However, it is the overall stability and buoyancy that is astonishing with the Warhol market across all sectors.
It is true to say that the value of Andy Warhol’s artwork—despite a brief dip in the 1990s—has been on an endless upward trajectory, and they continue to offer a secure investment opportunity to all levels of collectors. It should be noted that in 2014 alone the value of the international Warhol market sold at auction accounted for $570m – this figure accounted for more than a sixth of the global art market!
Warhol may have famously said that everyone has their 5 minutes of fame, but it appears that thirty-three years after his own death, Warhol’s artwork has a much longer lasting appeal to collectors!