World Record Price for a Painting

21st July 2015

I read with some amazement recently about a painting that sold at auction in New York. The work by Pablo Picasso, “The Woman of Algiers”, realised a staggering £115 million pounds. The 1955 work by the Spanish artist created a new world record for any work of art sold at auction. Whatever was paid by the original owner, it has proven to be a substantial investment.

I thought I would set myself a challenge to see what you could buy at auction if you deduct six zeros from this figure and leave yourself the modest sum of £115 to spend at auction.

At some of Thomson Roddick Scottish Auctions’ regular Interiors auctions, I found there was quite a lot of very pleasing artworks available. You could purchase a set of four limited edition prints by James McIntosh Patrick.  He was born in Dundee in 1907 and is one of Scotland’s most celebrated artists.

If, of course, you prefer an original work of art your limited budget could also buy you a 19th Chinese watercolour on pith painting depicting two ladies seated wearing court dress for£50 or a watercolour by John Hamilton Glass (1820-1885).  He was a renowned Victorian painter who did both portraits and landscapes. He became a member of the Royal Scottish Academy in 1849 and his work hangs in public collections including the Walker Art Gallery in Liverpool. There are always interesting and affordable pictures in the saleroom.

Although paintings by Pablo Picasso are out of reach to all but a few it still goes to show that a fairly modest sum still allows you to enhance your home with paintings, which may, one day, be as good as an investment The Woman of Algiers.