Twentieth century British art has raced ahead, recession or no
recession in recent auctions in the London rooms. The Stanley Spencer
‘Hilda and I at Pond’ informed by his alleged undying love for Hilda
who left him and divorced him, at Sotheby’s, surpassed it’s higher
estimate of £600.000. Bids, it is reported, climbed beyond £1m. The
hammer fell at £1.4m, a new record for Spencer’s work.
Returns for British contemporary art are in line with international trends.

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