Arabella Bishop, head of Sotheby's Ireland, said that "the moment is right to relaunch a dedicated annual sale as new collectors - both from Ireland and internationally - are actively buying and bidding for Irish art."
The reinstated event will take place on October 21st with the principal lot being a painting by Sir William Orpen titled Nude Girl Reading. This piece painted in Paris in 1921 has a top estimate of500,000 ($774,300.00 USD).Orpen, born in Stillorgan, Co Dublin, was a leading portrait painter in London and one of Britain's official first World War artists.
Another piecethat will be included in the sale is The Forlorn Hope by Jack B Yeats which has a top estimate of180,000 ($278,792.10 USD).
After Irish art prices crashed following the economic downturn 4 years ago the sale was dropped. Now Sotheby's has relaunched the event, moved its Irish office into bigger premises and opened a new office. These three factors ultimately "cement its commitment to the Irish market."
Source: Irish Times