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News and Opinion

Are there still funds in the New Zealand art market, or have they all been hoovered up?

By John Perry in Auckland on 23 June 2017 // Exclusive to the AASD

After the much-publicised Mossgreen-Webb sale of the Warwick and Kitty Brown Collection in early May, which netted over $3 million, to follow on a month later with another art sale and expect the momentum to continue would be folly I fear, when the funds available for the secondary art market are finite.

Mossgreen hoping Grandma's Walk will set a new record for a Drysdale.

By Richard Brewster on 22 June 2017 // Exclusive to the AASD

Russell Drysdale’s masterpiece Grandma’s Sunday Walk is the major drawcard at Mossgreen’s forthcoming auction of the Alan & Margaret Hickinbotham Collection in Adelaide.

According to the catalogue preview, the painting exhibits the essential characteristics of a classic Drysdale – a set of recognisable outback characters in a landscape pared back to a few generic forms that might be found anywhere on the Australian continent. 

The work carries a catalogue estimate of $1.8 million to $2.2 million and, if the painting sells (with expectations of an artist’s auction record), it will be the sixth more than $1 million estimated work Mossgreen has successfully auctioned – giving the company a 100 per cent strike rate in paintings of this value.

The current record price for a work by Drysdale sold at auction, is $1.89 million (IBP) for Rocky McCormack, which was sold by Sotheby's in Melbourne in 2008.

Bonhams’ 'Important Australian and Aboriginal Art' auction carried by eclectic fresh works … and every auctioneer’s dream sale highlight, a Sidney Nolan 'Kelly'.

By Jane Raffan on 7 June 2017 // Exclusive to the AASD

In a small eclectic sale comprising 68 lots of mixed quality, Bonhams Important Australian and Aboriginal Art auction (Sydney, 6 June) was carried by the performance of four works that racked up a hammer total of $1.8 million against their cumulative low-end tally one third that value, and which built a sale total of $3.5 million dollars (incl. BP), well above its $1.2 to $2.2 million dollar expectations.

The top ten tranche was filled with best-performing works by modern and contemporary master painters: Blackman (3), Boyd (1), de Maistre (1), Emily Kame Kngwarreye (1), Nolan (2), Brett Whiteley (1), and lone ex-pat Impressionist John Peter Russell.

Mossgreen moves into curated contemporary art auctions

By Richard Brewster on 25 May 2017 // Exclusive to the AASD

A new series of curated contemporary art auctions – the only one of its kind in Australia – has been introduced by Mossgreen.

The first in the series will be held from 6.30pm Sunday May 28 at its Sydney premises 36-40 Queen Street, Woollahra.

Mossgreen has teamed up with contemporary art auction consultant Melissa Loughnan to help with the sale, which includes key works created after 1970 by Australian and New Zealand contemporary artists.

The quality and integrity of the auction is ensured through a set of criteria that includes a five-year cut-off period for consignments – that is, all works are dated on or before 2012.

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Forthcoming Auctions

Grandma's Sunday Walk, 1972
George Russell Drysdale, Grandma's Sunday Walk, 1972, 75 x 126 cm, to be offered by Mossgreen Auctions Adelaide 25/06/2017, Lot No. 6, Est: $1,800,000-2,200,000

Completed Auctions

Ned Kelly - Outlaw, 1955
Sidney Robert Nolan, Ned Kelly - Outlaw, 1955, 91 x 71 cm, sold by Deutscher and Hackett Sydney 15/03/2017, Lot No. 9, Price: A$2,562,000