With the recession, it seems that the price of un-established artists has completely bottomed out, and there's a return to safety on the side of art investors. The good ol' names like Louise Le Brocquy, John Shinnors, Sean Scully - along with the dead guys, John Lavery, Charles Lamb, Cecil Maguire - are fetching healthy prices again. As a result, we are seeing artworks by more established artists being dusted off and sent to auction.
Morgan O Driscoll auctioneers have an oil painting by Le Brocquy, entitled Orange (1972) in their forthcoming auction. It has an estimate price of €50,000 to €70,000.
For Le Brocquy collectors who perhaps are feeling the pinch, there are lithographs by the artist, entitled Playboy of the Western World, estimated at between €800 to €1200. Phew! And I thought I was priced out of the art market.
Just in case you do have any spare cash under the matress, there's also a small oil panel by Shinnors called Morning South, which is going for between €20,000 and €30,000.
The auction, for all you art buffs out there is on April 26th, 2010 at the Radison Hotel in Cork.
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