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Fri 08 Aug 2007Pop goes the art bubble?Prices for well-known pieces are going through the roof at art auctions, but is this just a bubble or simply an indication of growing demand for contemporary work, asks Haydn Shaughnessy.When the hammer fell on William Percy French's The Mountains of Mourne in the May auction of Irish artists at Bonham's this year, the sale price of €25,000 was six times the anticipated value. Paul Henry's Dooega, Achill Island, slated at €40,000, sold for €260,000.