ANOTHER major price for L.S. Lowry (1887-1976) came courtesy of Lyon & Turnbull's latest evening sale in Edinburgh, as The Hawker's Cart sold at £550,000 to a private buyer south of the border.
The 21 x 19in (54 x 40cm) oil on canvas was being sold at the
auction on June 2 by the Royal Scottish Academy, which is
undertaking a two-year "rationalisation programme" and will use the
money raised from selling the work to purchase Scottish art.
The painting dated from 1929 and was made not long after the
artist finished attending the Salford School of Art. While typical
of the many urban landscapes Lowry produced, it had the key
commercial ingredients of numerous figures and gritty
buildings.
Estimated at £300,000-500,000, the price surpassed that seen for
the artist's later work, Glasgow Docks from 1947, which
sold at L&T for £530,000 in November 2006 and was the previous
high for a Lowry outside London.
The buyer's premium was 25/20%
By Alex Capon
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