Canadian art collectors are starting to develop a taste for contemporary art, with "more modern things creeping in," according to auction house veteran Stephen Ranger.
Ranger heads up Concrete Contemporary Auctions and Projects, an arm of venerable auction house Waddington's that is shining a spotlight on Canadian art created post-1980. It holds its second annual auction Tuesday night in Toronto.
The fledgling initiative includes an acquisition fund to support public institutions interested in purchasing modern artworks. Public galleries can submit proposals to Concrete Contemporary, which then chooses a recipient and matches 50 per cent of the purchase prize of the chosen gallery's desired artwork (up to a maximum of $10,000).
Artworks by top names like Edward Burtynsky, Janet Cardiff, Annie Pootoogook, Gary Taxali, Michael Snow and Wanda Koop will be among the works on offer Tuesday night.
"Our expectations are higher this year for the simple reason that we have a) more to offer and b) I think the sale might be a little bit more accessible than last year's," Ranger told CBC News.
"[Contemporary art] is still a very much a new market and we are developing it."
Ranger talked to CBC's Paulina Abad about the rising interest in more recently created art and highlights of the more than 90 lots on sale.