In a significant move, the Paisley Art Institute has successfully raised £1.5 million by auctioning off a quarter of its treasured collection.
This bold decision stemmed from ongoing issues regarding the allocation of space in Paisley’s new museum, prompting the institute to take action to ensure the preservation and continuation of its work.
A Historic Sale
A 19th-century painting of Paisley secured an impressive sum of over £500,000 at auction. Sir John Lavery’s Paisley Lawn Tennis Club fetched £537,700 as part of the sale.
This painting was just one of more than 90 pieces sold by the Paisley Art Institute. The auction aimed to raise funds to support the rest of its collection and activities at their new home in the Glasgow Art Club.
The Decision Behind the Sale
The decision to sell came after a disagreement over the space allocated to the institute in the newly refurbished Paisley Museum. The museum is scheduled to reopen in 2025.
The institute felt the space offered for display and the selection of artworks did not meet their expectations. Consequently, they decided to move their collection to Glasgow.
Financial and Artistic Impact
The sale raised a total of £1.5 million, which is expected to significantly support the institute’s activities.
Notably, Francis Campbell Boileau Cadell’s Pink and Gold sold for £250,200, while George Henry’s Banks of Allan Water triptych raised £237,650.
These funds will ensure the continuance of the institute’s mission and the preservation of its remaining collection.
The Institute’s Legacy
The Paisley Art Institute, established in 1876, has a long history of supporting contemporary artists and maintaining a rich collection of artworks. It has been collecting works since 1914.
The institute previously enjoyed a close relationship with the Paisley Museum, where it would stage its annual exhibitions until the museum’s closure for refurbishment in 2018.
The Role of Glasgow Art Club
Since moving to the Glasgow Art Club on Bath Street, the institute has continued to stage its annual exhibitions.
This partnership allows the institute to maintain its presence and continue promoting contemporary art despite the challenges faced in Paisley.
The Glasgow Art Club provides a new home for the institute’s activities while ensuring that the artworks remain accessible to the public.
Reception and Future Prospects
The auction’s success has been met with mixed reactions. Campaigners previously called for government intervention, but authorities deemed it a matter for the institute to resolve.
Despite the controversy, the sale has provided the institute with the necessary funds to move forward. The artworks are expected to continue being displayed in public institutions when possible.
Expert Opinions
Nick Curnow, head of fine art at Lyon & Turnbull, expressed his delight at the interest shown in the range of Scottish artists.
The successful auction highlights the enduring value and appeal of Scottish art, ensuring that these treasures can be appreciated by future generations.
The £1.5 million raised from the sale of these historic works marks a significant moment for the Paisley Art Institute. By securing these funds, the institute can continue its mission of promoting contemporary art and preserving its remaining collection.
This auction underscores the challenges faced by art institutions but also highlights the potential for innovative solutions to maintain and enhance cultural heritage.
