In the UK, the decrease in demand for works of art Victorian and twentieth century. As reports Bloomberg, this is due to falling stock prices and real estate. The fall in demand for British Art was recorded at two recent auctions of Sotheby's, where total sales of lots did not reach the lower limit of estimeyta.

Of the 124 lots offered at auction July 15, art era of Queen Victoria and King Edward VII, was sold only 56 per cent. Tenders have just 2.9 million pounds (5.8 million dollars), less than half the expected (lower border estimeyta - 6 million pounds). On the same day morning trading pieces of British modernism yielded 6.4 million pounds (estimeyt - 7.5 million and more). Last year such auctions brought the same case for 30 per cent more.

Among the works that remained unsold at the auction Victorian art, it should be noted the picture of James-Jacques-Joseph-Tissota (James-Jacques-Joseph Tissot) «Fireplace» (1870). Her estimeyt of 1-1,5 million pounds (in 2003 at Christie's in London, she went for 1.6 million). According to representatives of Sotheby's, the work of about a million pounds after the auction has become an unknown buyer.

Top-lot auction of art modernism became stone «figure» Henry Moore (Henry Moore), established in 1930-ies. The sculpture was sold for 825 thousand pounds in excess estimeyta (600-800 thousand). In May, the same work was presented at an auction of works of the Impressionists and modernists in New York (with estimeytom 2,5-3,5 million dollars), but remained unsold.

Failure auctions analysts attributed to the fact that most buyers in the auction of its kind - the British. And their country is now experiencing economic difficulties. «People are afraid and nervous, - said Rupert Maas (Rupert Maas), a specialist in British art of the XIX century. - They see that all their assets lose their value, and does not see fit to buy something else».

Source: www.artinfo.com