ATTRACTING new and younger buyers is the thinking behind Tennants’ (18.5% buyer’s premium) modern and contemporary art sales. Held three times a year, the auctions offer art by a range of painters and sculptors at affordable levels to encourage new buyers into the market, while also appealing to established collectors.
The approach appears to be paying off. The latest sale held in Leyburn on February 25 raised £63,250, with 85% of the 199 lots getting away.
“Not only are we seeing increasing numbers of fine paintings consigned to sale, but strong numbers of new bidders for each sale too,” said specialist Saskia Riley-Smith.