It’s no secret that the art market is on shaky ground. Nine-figure masterpieces just aren’t selling like they used to. But if you are looking for real value, consider ditching the sexy world of modern art and giving Victorian a try.
“If someone actually likes this sort of art, it’s a very, very good time to be buying it,” Polly Sartori, the director of Gallery 19C in Los Angeles and the former head of 19th-century European paintings at Sotheby’s, told Bloomberg.
A landscape painted by Benjamin Williams Leader is up for sale at Christie’s. It has an estimate of $22,000 to $30,000, but a similar landscape sold 13 years ago at Sotheby’s for $293,400, according to Bloomberg,
“Some of the best work by Victorian artists is fantastic value compared to other sectors of the market,” said Matthew Green, a director at London’s Richard Green gallery.
But don’t get too excited! If you’re like us and immediately thought, “Time to pick up a Rossetti for my parlor!” Your out of luck. Apparently, the work of the Pre-Raphaelites is still in high demand. In 2013, “Sisters,“ by Millais, and “A Christmas Carol” by Rossetti sold for $3.5 million and $7.5 million, respectively. [Bloomberg]