Modern British art
In the past decade, the prices fetched by works produced by twentieth century British artists, a category known as Modern British Art, have skyrocketed.
Demand for works by the three leading lights of this genre - Francis Bacon, Barbara Hepworth and Henry Moore - is so high, that they frequently feature in international sales of Modern and Contemporary Art.
Modern British Artists have traditionally been regarded as less important than their European counterparts, but with prices of even the lesser known continental artists - let alone masters such as Picasso and Matisse - being driven ever higher by a lack of fresh works coming onto the market, collectors have started to look to the United Kingdom for more affordable opportunities.
The result of this interest is that the market for British Modern Art has gradually strengthened, with prices climbing steadily higher in recent times. The world record for a Lowry was smashed in 2007, when ‘Springtime daisy Nook’ - a large and acknowledged masterpiece - was sold for £3.8 Million. This smashed the previous record of just under £2 Million pounds paid by the English Football Association for ‘Going to the match’ in 1999.
‘Portrait of Gardenia St. George with a Riding Crop’ by Sir William Orpen, one of the leading Irish artists of the early 20th Century, sold for just under £2 Million pounds in 2001, while Welsh artists, though less well known, have also flourished. For example, ‘Bryn y’r Hên Bobl’ by Sir Kyffin Williams sold for £57,600 pounds in 2005.
Though art prices in general have dipped in the past few months, the modern British Art Market has suffered much less than the Contemporary Art market. The works of twentieth century British artists are well documented and classified, and their reputations are firmly established. Modern British Art could be described as the perfect investment. The works are bright and imaginative, appealing to modern tastes, with a value which is far less transitory than Contemporary Art.
If you have a work of Modern British Art, Borro is happy to lend up to £100,000, enabling you to release the capital locked up in your picture. When you have paid off your loan, your pledge is redeemed immediately, so retaining your art within your ownership as a long term investment. For a swift appraisal contact Borro.com today.
DID YOU KNOW…?
Many lenders no longer lend against Art. Even with the market depreciation we lend more and will give you a considerable loan against your pieces of Art…
Comments
Leave a Reply
