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Heffel Fine Art Auction puts unique artwork on the auction block this week

WATCH: An auction in Vancouver featuring works by Emily Carr and members of the Group of Seven is expected to ring up sales of up to $15 million. As Aaron McArthur reports, the star of the show is expected to net its owner a big profit – May 23, 2016

Art lovers from around the world will get a chance to bid on a variety of Canadian artwork put up for auction by the Heffel Fine Art Auction House, in a live event Wednesday at the Vancouver Convention Centre.

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Organizers say the auction is a chance for the public to view museum-quality masterpieces that have been in private hands for many years.

Some of the works include paintings by renowned B.C. artist Emily Carr, including an extremely rare watercolour work; a post-war canvas by war artist E.J. Hughes; three major paintings by Lawren Harris; and significant works by other original members of the so-called Group of Seven, a group of Canadian artists whose works symbolize the distinctly Canadian identity.

“The Canadian art market has been growing. It held up really well after the financial crisis [of 2008],” says Robert Heffel, the vice president of the Heffel Fine Art Auction, adding last November’s auction fetched a record $23 million in sales. “The saying is, ‘A great painting will always get a great price.’ They are less volatile than the stock market.”
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The auction is expected to fetch anywhere between $9 million and $12 million in sales this year.

Prior to Wednesday’s live auction, some works have been available for a preview at the Heffel Gallery at 2247 Granville St.

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