Patrick Heron's Atmospheric Strata up 25% on estimate

paulfrasercollectibles

2015-06-26 13:34:09

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Patrick Heron's Atmospheric Strata up 25% on estimate

Atmospheric Strata, a painting by Patrick Heron, sold for $1m on December 10

Sotheby's Abstraction sale in London on December 10 was led by Patrick Heron's Atmospheric Strata (1958), which sold for 626,500 ($1m).

The piece features the artist's iconic alternating stripes of bright colour, and realised an increase of 25.3% on its initial valuation.

Patrick Heron Atmospheric StrataThe painting has been exhibited in both the Tate Gallery and the Redfern Gallery in London

Heron (1920-1999) was major figure in the British art world, and one of the most significant painters of themid-20th century.

He was also a member of the St Ives group of artists that included Dame Barbara Hepworth among its luminaries.

A number of his later paintings, those from the late 1950s and early 1960s, featured in the sale. They mark a move away from the cubist influence of his early work towards a style heavily influenced by American abstraction.

Grey and Yellow (With Circle) (1959) dates to the same era, and achieved 518,500 ($851,117).

Unusually for such an influential and respected artist, it is only in recent years that his work has experienced a significant rise in value.

In 1999, the average price for a Heron was set at around 10,000 ($16,385) - a far cry from the six and seven figure sums his paintings now command.

The record for his work is 1m ($1.6m) - set at Sotheby's London in 2011 for The Blue Table with Window.

PFC Auctions is currently selling a Royal Mail card signed by Damien Hirst, David Hockney and Peter Blake.

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