The Canadian art market has a spring in its step this season as collectors are returning with new interest in the great treasure trove of artworks produced here. Consequently there has been a flurry of activity at auctions with some strong offerings. Read more https://www.waddingtons.ca/

In the past, private sales between individuals (over-the-counter transactions) and galleries dominated the art market in Canada. In recent years, however, art dealers and auction houses have entered the marketplace, offering a range of different services to meet demand. This has shifted the power from dealers to buyers and, in the process, altered the dynamics of the market.

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While the overall effect of this shift has not yet been fully understood, there is no doubt that it will continue to have major implications for the industry. In addition, it may lead to new opportunities for artists who formerly sold their work through wholesale suppliers and dealers.

According to a study conducted by the Observatoire de la culture et des communications du Québec, in 2001-2002 there were 273 original art dealers who made an estimated $65.5 million in sales, with Quebec and international buyers accounting for most of the revenue.

Those who follow the Canadian art market will know that the fall fair season is in full swing and, with good advice and caution, there are some outstanding works at auction to be discovered. A few highlights include a terrific Lawren Harris panel of Consolation Lake at Heffel, a superb Emily Carr waterfall watercolour and a fine Jean Paul Lemieux from his stark figurative period. Also look for a terrific Tom Hodgson from the Toronto Painters group, and a seminal 1985 oil by Chris Cran.