November Auction for Laurence Stephen Lowry’s Paintings

Twenty-one works by the iconic British artist Laurence Stephen Lowry, R.A. (1887-1976) are to be offered at auction in November. The artist is best known for his industrial landscapes and a few examples have sold for millions in the past.

The works come from the private collection of Selwyn Demmy, renowned bookmaking magnate, boxing organiser and club owner. Comprising drawings and paintings which span the 1920s to the 1960s, this collection is claimed by the auctioneers to be “the most important and extensive to be offered at auction in recent memory”.

The auction takes place on November 11 at Christie’s in London. Estimates range from £10,000 to £700,000 each and the collection is expected to realise in excess of £5million. Highlights include The Playground, 1945 (pictured above) with an estimate of £500,000 to £700,000, as well as three paintings which are offered alongside their finished accompanying studies in pencil, including The Steps, Irk Place, 1928, estimate for the oil £400,000 to £600,000, and the study £60,000 to £80,000.

A SPOKESMAN for Christie’s said they were “delighted to be entrusted with this highly important collection which spans five decades of the artist’s output and offers the most extensive overview of Lowry’s work ever to come to auction”. Since June 2006 Christie’s has sold 96 works by the artist realising in excess of £24.3million. Christie’s holds the world auction record price for L.S. Lowry, with Good Friday, Daisy Nook, 1946, selling for £3,772,000 in 2007. This is the highest price ever paid in the 20th Century British Art category.

Read more: http://www.mirror.co.uk/advice/money/2010/08/14/treasure-hunters-focus-on-21-lowry-paintings-115875-22487891/#ixzz0wtrMP900

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About Art Collecting and Investment

Providing news about art collectors, collections and investments. Including the how to's, the why's and the where's of art collecting. Wanda Pepin, Christina Madden and Elaine Frenett are all professional artists who keep up on the world of art, while creating amazing works of art themselves.
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