Lord Attenborough picture sale nets £4.6 million

Christopher Nevison, French Troops Resting

Hard times are proving to be a boon to art collectors. As the recent sale of the art of collect of Lord and Lady Attenborough demonstrates, recently earning 4.6 million pounds at Southerby’s auction house.

The collection of 51 pieces included works by works by LS Lowry, Christopher Nevinson and Graham Sutherland.

The sale conducted at the Sotheby's sale room in New Bond Street, London pulled in twice the estimated buyer’s premium at 25 percent. Several sales records for artists were broken.

Old House (1948), by LS Lowry sold for £881,250, more than twice the £400,000 middle estimate.

Many of the works dealt with themes related to the Two World Wars, including 12 Nevinson prints from the First World War (netting £380,875).

Some seen as seminal in how the Western world views warfare, Lord Attenborough used some scenes like Nerves of an Army, which showed four soldiers on top a telegraph pole, for his film Oh! What a Lovely War.

It is reported that Lord Attenborough did not collect for investment purposes but for the artistic value. Lord and Lady Attenborough started their collection 60 years ago as means of decorating the home.

Current trends in the art world show that while the economy is suffering interest in art is not.

Written by Seamus Esparza