PAINTINGS by recently-deceased artist Lefteris
Economou were sold for well over their reserve
price at an auction in Nicosia Hilton this week.
It was the first auction that featured his
paintings since the artist died last week, aged
auction was held by Psatharis Auction House and
featured dozens of paintings by Cypriot artists.
Nicos Psatharis told the Sunday Mail that an
Economou watercolour, titled Frenaros, which had
a reserve price of £300 was sold for £700. A
second painting titled Pericleous Street went
for £2,600. The reserve price was £1,900.
Both paintings came from private collections.
Psatharis said the auction was very successful,
although the bids for Economou’s paintings did
not go sky high. “He only died recently and some
time will be needed for the market to become
clear,” he said.
At another Psatharis auction last May, also in
Nicosia, three Economou paintings went up on
sale. Harvest, an oil-on-canvas, signed and
dated 1959 went for £7,035.
Rated by critics as a master of the Diamantis /
Kanthos / Savva generation of artists, Economou
drew inspiration from the earth and its people.
themes cover folk art, the rural landscape, old
and neglected neighbourhoods, the narrow streets
of Nicosia and the dignity of labour.
has displayed his work in numerous solo and
group exhibitions in Cyprus and abroad. He took
part in several international exhibitions in
England as well as appearing in America, India,
across Europe and Egypt.
Three of his major works can be seen hanging in
Kykkos’ Lyceum A’, Strovolos Lyceum and the
works can also be found in private collections
in Cyprus, Greece, Australia, England, Canada
and Japan, among others.
From 1955 until his retirement in 1990, Economou
worked as an art teacher in the middle school
system, taking classes in both fine art and
technical drawing, though this in no way
hindered his independent work as an artist.