CSM postgraduate art auction raises £31,000

The 9th Postgraduate Art Auction held on 19th November at Central Saint Martins, University of the Arts London was a great success and broke a record for both attendance and sales.

Auctioneer Tom Eddison from Sotheby’s donated his time to host the auction, and the overall amount of money raised was £31,000.

Both a live auction and silent auction were happening at the same time at the Lethaby Gallery, with 20 pieces of work being donated by several internationally acclaimed artists, including previous Turner Prize winners Antony Gormley, Grayson Perry and Laure Prouvost.

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Grayson Perry’s 2013 etching Island of Bad Art was sold for £5,100.

The silent auction included 70 pieces of artwork donated by postgraduate students from CSM.

The bidding was fast and furious, and competition between bidders produced a record number of bids.

All of the work ended up selling, including original drawings, paintings and prints.

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A buyer bids in the silent auction.

UK postgraduate students are required to make significant financial investment in order to pursue their studies, as there is no benefit of the deferred government loan available to the undergraduate programme to cover the cost of fees, accommodation and subsistence.

The funds raised from the auction will go towards funding the MA Degree Show in 2016, as well as accompanying catalogues and websites. The MA Degree Show will take place from 25th to 29th May 2016.

Take a look at the video for more interviews and details:

Video filmed by Liping Luo & Levi Wu, edited by Liping Luo;

Photo credit: Belinda Lawley.