McTear’s – The Scottish Contemporary Art Auction Analysis

July 16, 2015

On Sunday, July 12 2015, collectors and art lovers had an opportunity to enjoy in a sale of Scottish contemporary art pieces. The works by some well-known Scottish contemporary artist brought a lot of attention during The Scottish Contemporary Art Auction, that was held at McTear’s auction house in Glasgow.  It is important to underline that a number of lots were private. According to the auction house itself - under a longstanding agreement, McTear's show all artist consigned pictures as "Private" but some may be unsold. Therefore, this auction analysis does not include those lots that were labeled as private.

Although the auction took place in Glasgow, The Scottish Contemporary Art didn’t achieve significant results. Some 47 percent of lots offered were sold (but to underline once again, this result does not include so-called private lots). We could say that the best result was achieved by selling Graeme Baxter’s The Old Course St. Andrews, sold for $8.512. Graeme Baxter is probably world's most highly acclaimed painters of golfing landscapes.

The Overview of McTear’s – The Scottish Contemporary Art Auction

As we already mentioned, The Scottish Contemporary Art Auction was not as successful as expected. Out of 180 lots offered, only 85 were sold, or 47.2 percent (private lots not included). Only five lots were sold over high estimate (5.9 percent of sold lots), while 33 were sold in range of estimated values (38.8  percent). On the other hand, 47 lots, or 55.3 percent, were sold under low estimate. The highest hammer price was seen in the sales of Graeme Baxter’s The Old Course St. Andrews, sold for $8.512, John Bellany CBE Ra Hrsa’s At The Harbour, sold for $6.191 and Lilian Neilson’s The Row & Watchie From South Row, Catterline, sold for $5.417.

If we focus on most successful lots, we should mention Marie Louise Wrightson’s A Wee Parting Gift, that was sold with +73.3 percent difference between hammer price and high estimate. We should also mention Shelagh Campbell’s Ossian'S Daughter and Therese Oultonthat’s Second Skin, that were sold with +57.2 and +49.9 percent difference between hammer price and high estimate. On the bottom side are Neil Clark’s Rotund, sold with -56.7 percent difference between hammer price and low estimate, followed by Neil Clark’s Six Cell Stainless (with –56.7 percent) and Jamie O'Dea’s Blue Refractions (with -50  percent). The auction itself gathered $70.487 in total.

McTear’s – The Scottish Contemporary Art Auction Analysis
Peter Howson Obe - Reclining Nude (Lot 2279). Estimated at $232-$387; sold for $263

McTear’s – The Scottish Contemporary Art Auction Analysis
Neil Clark - Still Life In Blue (Lot 2146). Estimated at $929-$1.393; sold for $1.238

McTear’s – The Scottish Contemporary Art Auction Analysis
John Bellany Cbe Ra Hrsa - At The Harbour (Lot 2147). Estimated at $4.643-$9.286; sold for $6.191

McTear’s – The Scottish Contemporary Art Auction in Details

Please, scroll down, and you will find two tables – one with the summary of the McTear’s – The Scottish Contemporary Art auction (private lots are excluded from analysis); the second one with detailed information on lots auctioned at this auction.

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Featured Images:

Bill Wright Rsw Rgi - In To The Mist , detail (Lot 2238)

Jo Whitney - West Sands, St Andrews (Lot 2200)

Image in Slider:

Scott Carruthers -  Shoot For The Moon, detail (Lot 2289)

All Images courtesy of McTear's Glasgow.

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Mctear's Glasgow

Glasgow, United Kingdom