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News and Opinion

Picasso bust makes a fine figure

The first major painting sold overseas for an Australian vendor in 2016 is a Picasso which made £1.32 million or $A2.7 million. Consigned through Sotheby's Australia to Sotheby's in London the medium sized oil Buste de femme was sold at Sotheby's in New Bond Street on February 11. The result should have satisfied the anonymous vendor for it sold comfortably within the estimates of £1.2 million to £1.8 million.

Santa's great gift to Manly delivered in a police van, is now loved and appreciated

By Terry Ingram on 17 December 2015 // Exclusive to the AASD

The Manly Art Gallery is finding it owns one of the globally best known paintings, which was memorably overlooked by forgetful curators some years ago.

The painting is Christmas Flowers and Christmas Belles, a 52 by 36 cm oil on canvas borrowed by the National Gallery of Australia for its Tom Roberts exhibition in Canberra.

No curator of Australian art should now be unaware of this delightful painting of the poor unemployed selling flowers to ladies in long dresses and parasols in Sydney.

2015 art market review - grind is the word as market edges upwards

By Terry Ingram on 13 December 2015 // Exclusive to the AASD

The total turnover of the art auction market in Australia ground ahead by a modest 3.2 per cent or $3 million to $109.25 million in 2015 and the ranking of all the major players were unchanged.

This was despite extra exertion by action staff as 567 more lots than in 2014 were catalogued and sold by the major auction houses, publicised in a flood of thicker and often larger catalogues to impress clients.

Sydney will get light rail and the NBN will be rolled out before the market returns to its heady $175.6 million turnover achieved in 2007 at the current rate of increase.

Big Bang for Balcombe at Menzies December Auction

By David Hulme & Brigitte Banziger on 11 December 2015 // Exclusive to the AASD

The surprise star of the last big auction of 2015 was Thomas Tyrwhitt Balcombe (1810 – 1861), a little-known colonial artist whose work from the 1850s is extremely rare to market. Menzies offered not one or two, but seven of these rarities, two small oil paintings of Aborigines, and 5 mixed media works on paper passed down through the artist’s family.

Heavily contested by several bidders in the room and on the phone, the two oil paintings set new auction records for Balcombe, selling for hammer prices of $70,000 (lot 60) and $80,000 (lot 61) on estimates of $16,000-$24,000 to the Mitchell Library.

The 5 works on paper equally smashed their pre-sale estimates of between $2,000 and $5,000, selling for $13,000 (lot 62), $18,000 (lot 63), $24,000 (lot 64), $36,000 (lot 65) and again $24,000 (lot 66) – not as assumed to another public institution, but to a private collector from Victoria with a passion for mid-19th century Australian art.

Leonard Joel to sell South Australian private collection

By Richard Brewster on 10 December 2015 // Exclusive to the AASD

Several predominantly South Australian rare and collectable modernists comprise the majority of a boutique selection of early 20th century art that goes under the hammer from 2pm Thursday December 10 at Leonard Joel 333 Malvern Road, South Yarra.

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Request a valuation to find out the market value of your artwork, or a pre-purchase report on an artwork you are considering purchasing. Our art market experts, who are approved valuers for the Australian Government's Cultural Gifts Program, will provide you with a quick and professional assessment of the artwork.

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Forthcoming Auctions

Pamela Anderson: Hollywood Nights 2001
, Pamela Anderson: Hollywood Nights 2001, ?? cm, to be offered by Leonard Joel Sydney 07/03/2016, Lot No. 296, Est: $30,000-50,000

Completed Auctions

Spring Morning, 1914
Frederick McCubbin, Spring Morning, 1914, 64.5 x 77.5 cm, sold by Menzies Sydney 10/12/2015, Lot No. 39, Price: A$736,364
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