Peter Doig says ‘crazy prices’ on the secondary market must be reined in to protect young artists

Peter Doig became the most expensive living painter in Europe in 2007, when White Canoe, his atmospheric painting of a a moonlit lagoon, sold for £5.7m.

The Scot then saw his auction record broken in 2017 and in 2021 respectively, when Rosedale, his depiction of a house in a snow storm, and Swamped, another enigmatic painting of a canoe, sold for the eye-watering prices of £21m and nearly £30m respectively.