Rise and fall of a contemporary artist

August 11 2016

Image of Rise and fall of a contemporary artist

Picture: TAN

The Art Newspaper reports on the sad bankruptcy of an artist called Andrew Vicari:

The Sunday Times Rich List, which in 2006 valued Vicari at £92m, described him as “the Port Talbot-born son of an Italian restaurateur” and gave the unlikely story that he was the youngest student to be admitted to the Slade, at the age of 13, where he trained under Francis Bacon. The newspaper wrote that in 1991 Prince Khalid of Saudi Arabia bought 125 of his Gulf War paintings for £13m and he later won a £25m commission for “the world’s largest oil painting”.

49 portraits by Vicari, including the above of Margot Fonteyn, are being sold in an online auction, with bids starting at £30.

Update - oh dear, here's an investment company caled 'Templar - Alternative Diversification' which has been plugging Vicari's work as a potential good buy:

Historically art increases in value, once the artist has passed away, and this is one of the main reasons why Templar has chosen Andrew Vicari to promote for investment and future value - while he is still alive. [...]

Templar has successfully, secured a small selection of Andrew Vicari art work which is a mixture of fine oils, pencil and charcoal sketches; these future masterpieces are 100% original and can be authenticated for future sale. If you would like to find out more about our current opportunities please speak with your dedicated Templar Consultant.

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