Art market information for Australian and New Zealand: forthcoming auctions, past auction results from 1969 to the present, market statistics, news and opinion. Search for an artist.

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News and Opinion

The NGV painting, "Portrait of a white haired man", has been loaned to an exhibition "Rembrandt: The Late Works" now on view at the National Gallery. Terry Ingram reports from London on this exhibition as well as "Late Turner - Painting Set Free" at Tate Britain, "Matisse Cut Outs" at the Tate Modern and the 12th edition of the Frieze art fair.
The Feud That’s Shaking Gallery Walls
19-Oct-2014

American billionaire Ronald O. Perelman has collected art for as long as he’s been collecting companies. His trove of postwar and contemporary work, amassed over more than 30 years and spread among his Manhattan townhouse, East Hampton estate and 257-foot yacht, is estimated to be worth more than $1 billion.

Today, however, he wants to exhibit a different side of the art world. Through a lawsuit against his former friend and art dealer Larry Gagosian, Mr. Perelman has set out to expose what he calls the "dirty" side of the glamorous, opaque, $60-billion business of buying and selling high-end art, writes Robert Frank in the New York Times.

Christie's sale helps to plug leak in Vienna's strong support for Aboriginal art
By Terry Ingram on 17-Oct-2014 (Exclusive to the AASD)

Australian Aboriginal art received a big tick on the London art market this week although not a jot of it was offered for sale and any immediate pressure for a forced sale was removed.

The pressure on it, which originated in Viennese bathtubs has been removed by the takeover of the museum which houses a holding of Aboriginal art in a friendly collector deal.

What was reported as the most successful sale of a contemporary single owner art collection by auctioneers Christie's, and was held on behalf of the museum, writes Terry Ingram from London.

Standing room only for Nolan’s later works
By Petrit Abazi on 14-Oct-2014 (Exclusive to the AASD)

One of the largest auction crowds in recent memory defied Melbourne’s tempestuous weather in an attempt to secure original works by one Australia’s most highly regarded Modern Masters, Sidney Nolan at Bonham's sale of Important Later Works From The Estate of Sir Sidney Nolan on 13 October 2014. The front page editorial in Melbourne's Age , on the Thursday prior highlighting the bargain offering, ensured a larger than expected turnout. All seats were taken half an hour before the start of the sale and many jostled to get a glimpse of the heated action.

New Zealand auction house pulls paintings when told forgeries faked
12-Oct-2014

Two forged "Monet" paintings have been pulled from an Auckland auction today after they were discovered to be inferior imitations of a famous forger, writes Kurt Bayer in the New Zeland Herald. The fake fakes purportedly by legendary art forger Elmyr de Hory surfaced last month, offered for auction by an Auckland-based descendent of London bookmaker Ken Talbot. Talbot was said to have paid 4500 for the paintings in 1980, and they were due to go under the hammer at Cordy's auction house today with reserves of $1000 each. But a de Hory expert spotted the auction online and contacted Cordy's to claim the two paintings, In the Woods at Giverny and At Giverny, were rip-offs painted by Talbot himself.

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