By Terry Ingram on 30-Dec-2011 Exclusive to the AASD
Bonhams looks like sharing the spoils of its great 2011 art find Down Under with its arch rival Sotheby's. The Sotheby's affiliate Noortman Master Paintings (NMP) has been reported in London's Antiques Trade Gazette as being the purchaser at auction of Adriaen Coorte's Three Peaches on a stone ledge with a Painted Lady butterfly found by Bonhams Australia last year and consigned to its December Old Master sale in London.
It was a bold plan to reshape the nation's art economy. The resale royalty scheme, a 5 per cent levy introduced by the federal government last year, was meant to benefit artists as their work increased in value. Aboriginal artists in particular would enjoy the proceeds of strong demand for their art.
Supplied, 14 December 2011 Exclusive to the AASD
Biceps will be bulging less after a reduced work load produced a barely changed auction total for 2011, says our special correspondent.
POOR quality, conservative estimates, low reserves, few crowds and disappointing results. If you think this describes the 2011 real estate market you'd be right, but it also applies to this year's art market.
Supplied, 13 December 2011 Exclusive to the AASD
Australia's international art trade continued to produce pleasant surprises to vendors on both sides of the "divide" in the last weeks of a year in which pleasant surprises were few.
By David Hulme & Brigitte Banziger on 09-Dec-2011 Exclusive to the AASD
At the Menzies sale on 8 December, Martin Farrah had to delay the auction start by 15 minutes due to horrendous traffic caused by a Foo Fighters concert at nearby Sydney Cricket Stadium. But this didn’t stop lot 10, Ben Quilty’s ‘Frog Torana’, 2003, racing to an all time high on a night, which saw a successful 75 % sold by lot. However some big ticket items got there only thanks to reduced estimates. The total value of the sale was $7.495 million incl. buyer’s premium.
By , on 07-Dec-2011 Exclusive to the AASD
It may not be well-known but currently no resale royalties will be payable on the sale of one of the most traded artists in the Australian art market, Sidney Nolan.
By Sophie Ullin on 04-Dec-2011 Exclusive to the AASD
At Sotheby’s they may have been dancing the two-step, but on Wednesday night, despite various charms, D+H found it was barely asked to dance. Instead it transpired into a night as rough as the appearance of the hirsute fellow seated in the room with the AC/DC “Highway to Hell” T-shirt and skull-encrusted belt. At night’s end catalogue notations revealed that 56.5 % of lots were sold and 47% by value achieved with a total hammer just short of $2 million.
By Terry Ingram on 25-Nov-2011 Exclusive to the AASD
The “excellent standards of animal husbandry and welfare” claimed by Knowsley Hall Safari Park near Liverpool in the UK should now be lavishly improved following the completion of a deal blessed by the NSW Premier, Barry O'Farrell yesterday.
By Sophie Ullin on 24-Nov-2011 Exclusive to the AASD
Ethel Spowers’ Wet Afternoon was greeted with a hail of bids on Tuesday night and equaled her second highest record of $46,000 hammer, but for much of the sale conditions were tough and Sotheby’s staff must have felt like they had experienced Melbourne’s four seasons in one hit.
Supplied, 24 November 2011 Exclusive to the AASD
Two government agencies operating in parallel fields in collecting and distributing royalties on behalf of artists have announced they will merge their back office functions.
An exhibition of Aboriginal art on tour in China is the biggest the country has ever seen and drawing record crowds, but it hails from one of the most remote communities in Australia.
By Jane Raffan on 22-Nov-2011 Exclusive to the AASD
Bonham’s hoped-for trifecta did not pay off, but accolades should be accorded for the dedicated Selected works from the Estate of Paddy Bedford, which all but cleared and set new benchmarks for the artist’s work at auction.
By Sophie Ullin on 22-Nov-2011 Exclusive to the AASD
John Brack and Fred Williams might be tagged the heavy lifters of D+H’s 30 November auction, given that over a third of the auction’s $4.1 million value rests with eight works by Melbourne’s Modern hometown heroes. Another 153 works, sweeping across all periods, support the remaining $2.67 million low estimate tally (beating Menzies Art Brands by 27 lots) amounting to the largest end of year offering amongst the premium auction houses.
By Terry Ingram on 20-Nov-2011 Exclusive to the AASD
Michael Brand is travelling the world looking for major examples of Islamic art in private collections to take back to Toronto. Not long ago helping reorganise the administration at the J Paul Getty Museum in Malibu of which he was the director he is is also keeping a close eye on the islamic art coming up in the saleroom. The Australian expatriate is settling into a job as consultant to the Aga Khan Foundation and Museum that clearly precludes him from candidacy for the directorship of the Art Gallery of NSW.
One the eve of auctioning 366 works from his vast Aboriginal art collection, Melbourne dealer Hank Ebes has been told by a rival that one is a fake.
By David Hulme & Brigitte Banziger on 17-Nov-2011 Exclusive to the AASD
An iconic image by Gert Sellheim achieved a new world record price at auction at Swann Galleries, New York, on 11 November. On estimates of U$3,000 – 4,000, ‘Australia – Surf Club’ from 1936 soared to US $24,000 (incl. buyer’s premium), report David Hulme and Brigitte Banziger.
By Sophie Ullin on 15-Nov-2011 Exclusive to the AASD
Sotheby’s Australia are closing their first year under new ownership year with a sixty-four lot “bijoux” November sale carrying a $4 million low estimate. Amongst the offerings are highlights gleaned from the Irvin Rockman collection and a smattering of repatriated works.
Supplied, 14 November 2011 Exclusive to the AASD
Canada is not the only country where an old book with watercolours pasted in can sell well. At a Lawson's Annandale sale on Friday two books by Neville W. Cayley sold for many multiples their normal value thanks in part to watercolours of a parrot and a rosella pasted in.
By Jane Raffan on 10-Nov-2011 Exclusive to the AASD
There will be no beating the Mossgreen's Ann Lewis estate sale for crowds and kudos, but at least Bonhams has the distraction of three separate sale catalogues to split the focus and scrutiny of its end of year finale on 21 November at the Byron Kennedy Hall in Moore Park, Sydney.
PAINTER and ceramicist David Boyd, who died yesterday aged 87, will be remembered for his confronting works exploring injustice. Boyd, the brother of famous landscape artist Arthur, died in Sydney after a short illness, surrounded by three generations of his family.
By David Hulme & Brigitte Banziger on 08-Nov-2011 Exclusive to the AASD
The estate sale of Ann Lewis AO at the Art Gallery of NSW on Monday night was a glittering success. Her reputation as arts patron extraordinaire created the most interest in any art sale in quite some time. Mossgreen director and auctioneer Paul Sumner confirmed that an incredible 1,500 people registered. David Hulme and Brigitte Banziger report how they fared during the 6½ hour auction marathon.
By Sophie Ullin on 31-Oct-2011 Exclusive to the AASD
Hank Ebes is never been shy of taking the bull by the horns. So faced with an economic slowdown, weak market, plentiful stock, abundant energy and on-hand resources, he has decided to change his strategy for selling art. On 20 November, Ebes’ Aboriginal Gallery of Dreamings will enter the realm of auctioneering with a 366 lot stock clearance sale. However, compared with seasoned auction houses AGOD offer a few interesting points of difference (PODs).
By Adrian Newstead on 24-Oct-2011 Exclusive to the AASD
Sotheby’s sold only 54 of 136 lots (42% by volume) worth a total of $1,010,400 including buyer’s premium (49% by value on low estimates) at its Important Aboriginal and Oceanic Art sale on October 18th. Even its close supporters had to admit that it was not a good night.
By David Hulme & Brigitte Banziger on 24-Oct-2011 Exclusive to the AASD
Twelve classic Australian travel posters feature prominently in Swann Auction Galleries sale of rare and important travel posters on 11 November, in New York. The 186 lots inspire dreams of travelling in style to exotic places all over the world, write David Hulme and Brigitte Banziger.
By David Hulme & Brigitte Banziger on 21-Oct-2011 Exclusive to the AASD
The estate of Ann Lewis AO is perhaps the estate sale coup of the year for Paul Sumner’s Mossgreen Auctions, writes David Hulme. The auctioneer’s task on 7 November in the Art Gallery of NSW will be daunting, but only for the numbers involved: on offer are almost 600 lots.
As floodwaters raced through the remote West Australian community of Warmun in March, the manager of the local arts centre thought its collection of historic paintings would be safe.
Melbourne artist, textile merchant and occasional luxury brand host David Bromley has quit Victoria for Byron Bay and asked auction house Leonard Joel to sell off of his collection of art and homewares. Over two days at the end of next month, the collection of Bromley pictures will go under the hammer alongside works by John Olsen, Clement Meadmore, McLean Edwards and others.
By Terry Ingram on 19-Oct-2011 Exclusive to the AASD
The saleroom in London, England has been the frequent setting in which Australiana has set new benchmarks, but on Sunday October 16 it was London Ontario's turn. The crowd of 350 people clapped vigorously when an old book into which a series of watercolours and cut outs had been pasted and which many of them would had passed over at the viewing, sold for $C1.9 million plus 15 per cent buyers premium.
A rare artwork by Clifford Possum Tjapaltjarri, recently discovered hanging in a family home in New York and sent back to Australia, sold for a modest $144,000 at Sotheby's Australia's Important Aboriginal & Oceanic Art sale in Sydney last night.
Supplied, 16 October 2011 Exclusive to the AASD
In a big fillip to the colonial art market, now undergoing a renaissance, a bid of $C1.9 million ($A1.822 million) was made to secure 10 early colonial watercolours plus a series of lesser drawings at a sale in London, Ontario, Canada, on Sunday.
By , on 06-Oct-2011 Exclusive to the AASD
I am pleased to advise the establishment of www.superartbusiness.com.au as a forum for the discussion of the new super art laws that were passed on 30 June 2011; as well as other regulatory concerns in the Australian art market. Reproduced below is my column for the October edition of Leonard publication, the magazine of auction house, Leonard Joel Pty. Ltd.. Comments on my article and the new super art laws are welcomed and any if there are any specific concerns I may be contacted at email@example.com
By Adrian Newstead on 04-Oct-2011 Exclusive to the AASD
The last-minute discovery of an extremely rare 1972 Clifford Possum board in New York, and the sale of the entire Paddy Bedford Estate, have set the scene for a fascinating end to the 2011 Aboriginal art calendar.
SOTHEBY'S Australia will auction its newly discovered Clifford Possum Tjapaltjarri painting on October 18 without taking it apart for forensic examination. The work was identified a fortnight ago in a home in New York and flown back to Australia last week, but little is known about its origins.
FOUR decades after the Papunya artists first painted on rough cuts of masonite and sparked a market for Aboriginal art, the nation's indigenous art industry is well and truly entrenched. Sales ebb and flow within the broader local art market but the indigenous sector is more fragile, dogged by authenticity issues that restrict the supply of new works.
Kimberley artist Paddy Bedford was one of Australia's most important indigenous painters. A senior law man and former stockman whose resilience was etched in his stone-like face, Bedford only began painting for the art market in 1998, but within years his name was known far beyond his beloved Bedford Downs. Twenty-six artworks from the Bedford estate will be auctioned for the first time in November - many have never been on sale before and some have never been exhibited.
An Aboriginal artwork created during the formative years of the modern indigenous art movement has been discovered in a house in New York, where its significance was undiscovered for almost four decades.Experts believe the picture of three men bedecked for corroboree by Clifford Possum Tjapaltjarri, a star of the Western Desert art movement, is one of the first paintings by the nation's most collected indigenous artist, who died in 2002.
By Sophie Ullin on 20-Sep-2011 Exclusive to the AASD
Doomsayers predicting and even proclaiming the demise of the Aboriginal art market were soundly disproved in Melbourne on Sunday (18/09) when Philips Auctions Australia showed that it is full of life and legitimacy
Supplied, 18 September 2011 Exclusive to the AASD
It may come as a surprise to some, but Victorian Liberal Party power broker Michael Kroger has long been a big fan of Napoleon Bonaparte. But only to those who have not have been guests at his recently sold town house in Melbourne's South Yarra.
By Terry Ingram on 16-Sep-2011 Exclusive to the AASD
The consensus on the Sydney Antiques Show held by the Australian Antique and Art Dealers Association in the Pavilion at the Royal Randwick Racecourse in Sydney last week appeared to be "lots of lookers but few buyers."
By Sophie Ullin on 15-Sep-2011 Exclusive to the AASD
At Menzies Art Brands auction, seats in the generously-sized ANZ Pavilion were only two-thirds full and this proved to be a true indication of where the action lay. Instead, the prime activity stemmed from the telephones, often jousting with book bids left by absentee bidders. MAB have worked hard on building their Sydney presence and maybe this was part of that pay-off.
Supplied, 13 September 2011 Exclusive to the AASD
But the trickle is down the phone line rather than with the mailman - as a surprising number of struggling artists prove techno savvy. The Copyright Collecting Agency (CAL) which administers the new resale royalty scheme for Australian visual artists, is reporting a remarkably smooth uptake of the scheme.
By Sophie Ullin on 07-Sep-2011 Exclusive to the AASD
Menzies Art Brands’ $11.2 million low estimate 14 September sale catalogue of 123 lots features the customary Australian art selection alongside a suite of European sculptures by well known artists from the last century.
By Sophie Ullin on 01-Sep-2011 Exclusive to the AASD
Every seat was occupied, the air filled with expectation and curiosity, and a posse of TV and film cameras flanked the back of the room, poised to film the spectacle of lot 1 at Deutscher+ Hackett’s August sale. Pundits were confident that Currency was destined to sell, secure in the knowledge that an instant profit could be made at the $15,000 low estimate
By Sophie Ullin on 31-Aug-2011 Exclusive to the AASD
An Aboriginal art collection built within the space of twelve months and during the peak years of the art market is to be offered by Philips Auctions on Sunday 18 September. The vendor spent close to $370,000 amassing the 40 lot collection, however they are taking the brave and adventurous step of offering them unreserved with a low estimate total of $140,000, two-thirds less than the original purchase price; an indication both of the vendor’s strong desire to sell and the state of the indigenous art market, which takes the award for the most pummelled segment of Australian art.
By David Hulme & Brigitte Banziger on 29-Aug-2011 Exclusive to the AASD
Donald Friend lived in Sri Lanka for just five short years from 1957 to 1962, creating an exceptional body of work which continues to excite as Leonard Joel’s last Sunday fine art auction revealed.
By Jane Raffan on 22-Aug-2011 Exclusive to the AASD
A slight pall hung over the room before the Sotheby’s Important Australian & International Art auction last night. No doubt this was fuelled in part by the results at Bonham’s the night prior, but auctioneer Martin Gallon was upbeat and, luckily for Sotheby’s, was able to bring the hammer down on most lots – including the million dollar Boyd – to rack up a total around $4.1 million; just one Fred Williams and a couple of bread and butter Gleesons short of the vaunted pre-sale low-end of $4.6M.
Supplied, 22 August 2011 Exclusive to the AASD
The global director of Bonhams London Jonathan Horwich did not realise he was not required to say "passed" in Australia whenever a lot was unsold at the inaugural Bonhams Australia sale in Sydney on Monday night.
By Sophie Ullin on 20-Aug-2011 Exclusive to the AASD
It’s curious to ponder what traditionally-minded collectors would make of the appearance of lot 1, Currency by Denis Beaubois, est $15,000-25,000, the outcome of an Australia Council Grant. Confronted by two wads of cash totalling $20,000 they may be perplexed, bemused or even appalled at the gaucheness of such a gesture under the guise of art. “Oh, get with the program!” you hear collectors of the zeitgeist muttering under their breath. “At least Beaubois offers something tangible, (and transferrable) “ they say. “ When you acquire Tino Seghal’s conceptual work, [similarly focused on market perceptions and mechanics of value], you may receive just one specially chosen whispered word…it’s a “no note” transaction” they pun. 
Supplied, 19 August 2011 Exclusive to the AASD
In a single short line at the end of the essay in the on-line catalogue, Bonhams Australia has re-catalogued two works (Lots 30 and 31) in its auction in Sydney on Monday as the work of another artist. Watercolours catalogued as the work of the colonial artist George French Angas are now catalogued as the work of S.T.Gill.
Supplied, 17 August 2011 Exclusive to the AASD
The world has now learned who the London dealer Angela Nevill was acting for when she out-distanced New York dealer Otto Naumann to secure a work by the Italian Renaissance master Correggio, Madonna and Child with the infant Saint John the Baptist at the auction of Old Master and British paintings held by Sotheby's on the evening of July 6.
PASSENGERS on P&O cruises sometimes spend up big at the on-board art auctions. Back on land though, some have found their purchases to be worth a fraction of what they paid.
Supplied, 7 August 2011 Exclusive to the AASD
At a combined low estimate of $4.63 million the first Australian Art sale by Bonhams Australia in Sydney on August 22 tops the coming sale by the local bearer of the name of its major global adversary, Sotheby's Australia, by a razor slim $30,700. But whether Bonhams comes out in front will largely be determined - coincidentally - by a mixed media work which also happens to incorporate a real razor and that work may not be everybody's cup of tea.
By Jane Raffan on 07-Aug-2011 Exclusive to the AASD
Sotheby’s upcoming August 23 Important Australian and International Art sale boasts a magic million dollar Boyd. The Frightened Bridegroom, 1958 (Lot 14), estimate $1-1.2 million, would see the record for this body of work ($900K, set in 2001) fall to a significantly smaller and quieter example. The work carries an impressive exhibition provenance and significant profile in academic publications on the artist. It also comes with connections to literati, having been used for an edition of Thomas Keneally’s classic, The Chant of Jimmy Blacksmith.
Supplied, 4 August 2011 Exclusive to the AASD
A New Zealand auction house is expecting a solid turnout for its next sale despite the very modest size of its offering. The auction comprises just 25 lots. The sale is in Christchurch next Thursday ( August 11) and is Watson's first designated full-on art auction since the earthquake on February 22.
EARLY last year Cameron Hall wrote a submission to the Cooper review, arguing for the retention of artworks as investments in self-managed superannuation portfolios.The managing director of Smith & Hall was grounded in the self-managed super market, with a claimed business model of selling artworks (at retail prices) to investors, insuring and renting the works to corporate offices on the owners' behalf, then delivering a rental return to the owners.
MELBOURNE gallery Axia Modern Art has gone into liquidation, owing artists, investors and art-world specialists more than $1.5 million, with a meeting of creditors held yesterday.
Supplied, 25 July 2011 Exclusive to the AASD
A previously unknown series of early colonial watercolours has been discovered in a house in Ontario, Canada by an auctioneer commissioned to clear it. The watercolours are mostly pasted into Captain James Wallis' own copy of <i>An Historical Account of NSW</i> which was one of the first wave of picture plate books published to show off Australia to the world
Supplied, 19 July 2011 Exclusive to the AASD
John Albrecht, its managing director, has purchased the two thirds interest in Leonard Joel that he did not previously own, for a sum believed to value the business at around $6 million.
By David Hulme & Brigitte Banziger on 14-Jul-2011 Exclusive to the AASD
Who are the most traded artists at auction worldwide? How do our local art heroes feature in the top 500 artists traded at auction globally? And on the other hand, how are top-ranked international artists faring at auction down under? David Hulme and Brigitte Banziger take a closer look at the top 500 internationally and domestically – with some surprising findings.
By Terry Ingram on 12-Jul-2011 Exclusive to the AASD
A reminder of a sad local early two way trade in British watercolours was provided by a one vendor auction in Acton, near London, on June 27. Chiswick Auctions sold the works from the estate of the eccentric British watercolour dealer, Gerald M.Norman, who had a gallery in Toorak Road, South Yarra in the late 1970s and returned to the UK in 1982.
The third generation of the Joel family of auctioneers, Warren Joel, has departed the family business. Warren Joel, his wife and three daughters live in house number 13, which is why he has an old "Bay 13" sign next to his front door. OK, Joel comes from three generations of auctioneers so it is easy to deduce that the sign came from a Melbourne Cricket Ground wrecker's sale, a souvenir of that once-infamous section of the outer. However, you would be wrong.
By Adrian Newstead on 30-Jun-2011 Exclusive to the AASD
It was expected to ignite collector interest, but Bonham’s first Aboriginal art auction on June 28th disappointed an almost all counts. Specialists Francesca Cavazzini, Greer Adams and Tim Klingender had more than a year to prepare for the launch of their new department.
Rare Aboriginal art will go under the hammer in Sydney on Tuesday as international auction house Bonhams holds its first auction of paintings by indigenous artists in Australia. The London-based company hopes the auction, which features the painting “Juntarkal Rainbow Serpent” by indigenous artist Rover Thomas, will attract healthy interest as the country’s mining boom boosts its rankings of wealthy individuals. It is expected to sell for up to 180,000 Australian dollars, or US$187,000.
The Auckland Art Fair, the first event to be held at the spectacular new harbourside Viaduct Events Centre, opens on August 3 with a preview and Vernissage gala opening of the exhibition of 600 artworks by 200 of the most highly sought-after contemporary artists in Australia and New Zealand.
By Terry Ingram on 23-Jun-2011 Exclusive to the AASD
A bold attempt to sell overseas art in Australia was rewarded when three newly imported sculptures added $1.5 million to the total achieved by Menzies Auctions for its sale in its rooms in Sydney's Kensington on Thursday night.
By Terry Ingram on 21-Jun-2011 Exclusive to the AASD
The smallish Picasso painting Jeune fille endormie (Young girl sleeping) was sold in June 21 in London (5 am Australian time today) on behalf of the University of Sydney for £13.5 million ($A20,626,312 million) by Christie's.
DAVID Larwill, the expressionist painter and larrikin who will forever be associated with the Roar Studio he co-founded, died at the weekend from complications resulting from lung cancer.
By Sophie Ullin on 19-Jun-2011 Exclusive to the AASD
This year's ArtBasel struck a very considered tone, casting the bling bling art of just a few years ago into the distant past. Galleries attuned to the economic mood put careful thought into their stand selections and quality reigned. Ideas were privileged and prioritised over the more easily digestible "look at me" art of boom times.
By Adrian Newstead on 10-Jun-2011 Exclusive to the AASD
On results alone you would be forgiven for thinking that D’Lan Davidson’s second Aboriginal art sale was a failure. The Directors of Sotheby’s Australia have, however, a great deal to be happy about.
THE vexed career of controversial Melbourne art dealer and horse racing enthusiast Peter Gant has taken yet another turn for the worse. For the second time in his life, Mr Gant has declared himself bankrupt - this time with debts totalling at least $3.57 million. Mr Gant's creditors include the celebrated Australian artists, Charles Blackman and Robert Dickerson, who are owed $300,000, and the Tax Office, which is in the queue for $1.9 million.
An early painting by renowned New Zealand artist Charles Frederick Goldie could bring more than $500,000 when it goes up for auction in Auckland next month. The oil on canvas of a Maori woman - Serenity, Harata Rewiri Tarapata - was painted by Goldie in Auckland in 1904. It was painted from a live sitting and not from a photograph like many of the artist's later works, said Richard Thomson, from the International Art Centre in Auckland.
By Adrian Newstead on 07-Jun-2011 Exclusive to the AASD
In November 2010 Bonham’s announced that two former staff from the Aboriginal Art department at Sotheby's Australia, Francesca Cavazzini and Greer Adams, had been employed as specialists in charge of their new Aboriginal Art Department.
By Jane Raffan on 05-Jun-2011 Exclusive to the AASD
Acknowledging that Australian modern and contemporary works continue to dominate market attention and results, Menzies mid season fine art Sydney auction, scheduled for June 23, serves up a dose of highlights to amass a pre-sale low end of $11 million, the biggest auction to be held since the crash of 2007. And, as if to ward off any lingering art market blues–no doubt coincidental rather than curated–the top four lots are all aglow with warm hues.
The Hong Kong art fair, which closed last Sunday, has put in an extraordinary growth spurt, mushrooming to 260 exhibitors (from 101 in 2008) and attracting 63,500 visitors – almost 40 per cent up on last year. It brought together most of the world’s major international art galleries and as a result has made a quantum leap in quality – and price points. All the major collectors from the region were there: “This is no longer an emerging market; it’s a market and poised to become the next great thing,” said Amy Gold of L&M
Supplied, 3 June 2011 Exclusive to the AASD
Ronan Sulich, Christie's Australian representative, is brushing up on his Chinese brush paintings after a vigorous spell in the rostrum in Hong Kong on May 31.
By David Hulme & Brigitte Banziger on 30-May-2011 Exclusive to the AASD
An exhibition at the Art Gallery of NSW pays homage to the legendary Australian art teacher, mentor and artist Antonio Dattilo-Rubbo (1870 – 1955). He taught many of the Sydney Moderns, including Grace Cossington Smith, Roy de Maistre and Roland Wakelin. His influence on Australian art history can’t be underestimated and includes the founding of the Manly Art Gallery.
By Adrian Newstead on 22-May-2011 Exclusive to the AASD
The catalogue is everything one would expect of a top rate Sotheby’s sale. High quality artifacts and carvings, old bark paintings, early western desert boards, Papunya Tula acrylic paintings, and Hermannsburg watercolours abound. These in fact constitute 129 lots, or 73% of this 176-lot offering. Ninety-one items (52%) were created prior to 1980 while only twenty-four (14%) were created post 2000.
By Adrian Newstead on 21-May-2011 Exclusive to the AASD
Brimful of confidence D & H offered 243 works worth $2.7-$3.6 million in its first Aboriginal art sale for 2011. Industry observers have been hoping that this sale (the first of three planned by the major auction houses during May/June) would indicate a warming market, after the decline post 2007.
By Terry Ingram on 20-May-2011 Exclusive to the AASD
Australian auction houses are relying on the advice, help and in some cases their own experience in the global auction industry to shield them from the new much discussed problem of Asian defaulters.
By , on 19-May-2011 Exclusive to the AASD
An Exposure Draft has been released in relation to how self-managed super funds will be able to acquire, hold and realise investments in artworks and other collectables after 30 June. Should this exposure draft become law new rules will apply to new artwork investments by super funds from 1 July – less than 6 weeks hence. Existing artworks and those artworks acquired before 30 June will not have to comply with these new rules until 30 June 2016, but will be subject to the existing restrictions.
By Sophie Ullin on 18-May-2011 Exclusive to the AASD
On Tuesday night at Sotheby’s Australia all seats were filled and the room awash with silver haired heads, indicating that members of the old guard might be there to engage in serious battle. And face off they did, often competing vigorously with one another, the clerk and the telephones for covetable and recently repatriated works and in spite of some patchy moments, the sale notched up a $4.95 million hammer result.
Ludwig Becker's untimely death from scurvy and dysentery during Burke and Wills' doomed Victorian Exploring Expedition would unfortunately overshadow his achievements in life. The German-born naturalist, who arrived in Australia in 1851, was an artist of great delicacy and sensitivity - as shown by three rare miniature portraits of Tasmanian Aborigines being auctioned in Melbourne tomorrow.
THE battle for business in the struggling art auction market is set to intensify with the appointment of one of the country's best auctioneers, Mark Fraser, as the new chairman of the Australian arm of UK firm Bonhams.
Anyone requiring proof the art market has tumbled from the lofty heights of 2007 need look no further than Sotheby's Important Australian Art sale next Tuesday. At the auction in Melbourne, two works by Australian impressionists have been offered at about a third of their sale price just four years ago.
By Sophie Ullin on 06-May-2011 Exclusive to the AASD
The Summer auction hiatus has served Sotheby's Australia well. During their extended collecting period, un-afforded by the August and November sales, they have uncovered some curious and intriguing pieces, teasing out works from long-standing collections to create a high calibre May sale focused on an arresting trio of quality, freshness and rarity.
Supplied, 5 May 2011 Exclusive to the AASD
An alliance between leading auction houses, antique and art dealer associations and art consultants has lead to the formation of the Australian Antique and Art Market Federation (AAAMF). The inaugural Chairman of the AAAMF, Jolyon Warwick James of the Australian Antique & Art Dealers Association, said the purpose of the organisation was to " join together in sending in a single combined response to the press, art bodies, and Government as and when the commercial sector’s interests are under challenge."
By Terry Ingram on 04-May-2011 Exclusive to the AASD
A piece of Australia's Nazi holocaust heritage appears to have evaded detection and capture Down Under and been dispersed overseas. The heritage consisted of three paintings, one at least of which had connections with the family of Anne Frank
By David Hulme & Brigitte Banziger on 04-May-2011 Exclusive to the AASD
Even though John Watt Beattie is credited with being Australia’s first official photographer appointed in 1896, he is perhaps not so well known today, and just three auction records are listed in AASD.
By Adrian Newstead on 02-May-2011 Exclusive to the AASD
OMG. I feel like Rip Van Winkle! Did I fall asleep in November 2007 and miss the GFC? Did I just dream the Aboriginal art market is off the boil? Going through the first 30 works of the Deutscher and Hackett catalogue to be offered for sale on the 18th of May feels more like the market on steroids!
By Adrian Newstead on 29-Apr-2011 Exclusive to the AASD
Two auctions of Aboriginal art will be held in Paris auctions during the second week of May. The first will be the first for auction house Cornette de Saint Cyr. It will comprise works entirely from the Arnaud Serval collection and is to be held at the Drouot Montaigne on the 9th May 2011. The other is a mixed bag put together by specialist Marc Yvonnou for Gaia Auctions at the Quartier Drouot on the 14th May.
By Adrian Newstead on 26-Apr-2011 Exclusive to the AASD
It is with great sadness that we learnt of the passing this week of Dr. Thancoupie Gloria Fletcher James AO, best known simply as Thancoupie, the potter. She died at Weipa Base Hospital FNQ after a long illness.
By Terry Ingram on 22-Apr-2011 Exclusive to the AASD
A room full of expectant buyers braved Melbourne’s weather on Wednesday evening to attend Deutscher and Hackett’s first auction for 2011.
Delivering a resale royalty cheque to the Utopian artist Polly Ngala for the sale of one of her Bush Plum Dreaming paintings is no easy thing. Polly and many other well-known indigenous artists regularly move between communities on the outskirts of Utopia, 270 kilometres north-east of Alice Springs. The artists are among the early beneficiaries of royalties accruing from a federal government scheme to bolster artists' incomes.
By Jane Raffan on 17-Apr-2011 Exclusive to the AASD
With plot twists and innuendos to rival a John Grisham novel, the voluntary administration of the Smith & Hall group under parent International Art Holdings Pty Ltd, now officially in receivership, has seen two of the companies already emerge from under investigation to be re-registered by the Australian Securities and Investment Commission (ASIC). Throughout the process, the Administrator’s scorched earth policy in the hunt for liquid assets has come under fire from investors already burned by the company collapse
CALL it the law of unintended consequences. Five years ago, The Weekend Australian shone a light on the Aboriginal art world, exposing a nest of unscrupulous operators, exploiting and profiteering at the expense of artists. The reports prompted a Senate inquiry from the Howard government. And in June 2007, to general applause, it recommended a code of conduct, greater scrutiny from authorities and increased support for indigenous art centres.
A Colin McCahon painting sold for $571,875 at auction last night. He Calls for Elias, painted in 1959, was bought by a private Auckland investor at the Art + Object auction house.
By David Hulme & Brigitte Banziger on 07-Apr-2011 Exclusive to the AASD
Shapiro’s offering of Australian and international art certainly showed plenty of promise at their Queen Street sale on Wednesday evening
By Terry Ingram on 06-Apr-2011 Exclusive to the AASD
Deutscher + Hackett’s Fine Art sale this April will be a true litmus of the market. The sale is anchored with fresh, major works by Smart, Brack, Williams, Robinson, Nolan and Tucker. While the bulk of the value lies in these key lots, the depth of this sale stems from museum-quality works by some of Australia’s lesser-known, but arguably more interesting artists.
By David Hulme & Brigitte Banziger on 06-Apr-2011 Exclusive to the AASD
It is now official: the much-publicised sale of art by Lord Jeffrey Archer will contain at least two major Australian works. Ronan Sulich of Christies Australia confirmed from London this morning that two Australian works by Arthur Boyd and Sidney Nolan have been added to the Jeffrey Archer sale held on 28th June 2011 at Christies South Kensington, London.
How the powerful art dealer uses his global network of galleries and blue-chip clients to fetch ever higher prices for his artists. Can it last?
Over Oscar weekend in late February, art dealer Larry Gagosian held a private lunch at the $15.5 million home he recently bought in the Holmby Hills section of Los Angeles. His glass-enclosed house had been decorated for the occasion by the artist Richard Prince, so its walls were lined with his portraits of beach beauties and pulp-novel nurses.
THE Museum of Old and New Art, the controversial $80 million private museum owned by maths whizz and gambler David Walsh, is losing its director, Mark Fraser, who is returning to the art auction scene.
By Peter Fish on 30-Mar-2011 Exclusive to the AASD
From a record breaking Ray Crooke painting to a plethora of plush sofas there were plenty of hot sellers at Mossgreen’s sale of the contents of the Nettlefold family home in Hobart on Sunday, March 27.
By Jane Raffan on 24-Mar-2011 Exclusive to the AASD
Bondi’s beachside real estate is worth millions, as are iconic images of its beach bums. Brett Whiteley’s, Washing the Salt off I, 1985 (Lot 42) jumped midway into the artist’s top ten results last night with its sale of $1.55 million, plus buyer’s premium. This highlight pushed the auction’s total to $5,963,000 (hammer), representing 71% of its lauded mid-estimate pre-sale value.
By David Hulme & Brigitte Banziger on 19-Mar-2011 Exclusive to the AASD
Robert Davidson’s reputation for honesty and integrity in a sometimes shadowy auction market is perhaps one thing that keeps his regular clientele coming back for more – even on a particularly bleak and rainy day.
By Terry Ingram on 18-Mar-2011 Exclusive to the AASD
From 8 April 2011 Leonard Joel Sydney will trade under its former name of Bay East. The operation, however, is unlikely to return to what are now remembered as its halcyon days when serious finds and worthwhile arbitrage profits paid for the more than occasional celebratory pint of Guinness.
By Peter Fish on 14-Mar-2011 Exclusive to the AASD
It’s billed as Tasmania’s biggest sale in yonks. From the sprawling turn-of-the- century Nettlefold home in Hobart’s Sandy Bay comes an array of classic English and Continental furniture, ceramics, bronzes and clocks, silver, chandeliers and curios, even fascinating Australiana.
By Jane Raffan on 10-Mar-2011 Exclusive to the AASD
Hoping to secure a knock-out first blow in the season’s auction calendar, Menzies Art Brands is delivering a whopping $7.2–$9.5 million sale for its first outing. With only one hundred lots on offer, and $6.5 million loaded into the first fifty, the 24 March Australian & International Fine Art auction catalogue looks lean and mean.
The administrator of collapsed custom publishing house Gadfly Media says he is confident that the business can be turned around, despite the fact the group is carrying debts incurred during the GFC. Gadfly publishes a range of high-end magazines including Luxury Travel, Australian Art Collector and Breeding & Racing.
By Terry Ingram on 27-Feb-2011 Exclusive to the AASD
The Australian antique and art trade is enjoying a big lift in morale with the opening of Bonhams Australia’s new premises at 76 Paddington Street, Paddington. This follows a serious depletion of the industry's ranks over the past decade.
It may be the biggest faking scandal in art market history. At least 1,100 fake Giacometti sculptures were seized in a police swoop on a warehouse near Mainz, Germany, in 2009: a haul of 831 fake bronzes and 131 fake plaster casts. The total value would be hundreds of millions of dollars, if the pieces were genuine
By Jane Raffan on 23-Feb-2011 Exclusive to the AASD
The 23 February Quarterly Fine Art Auction produced clearances just shy of 80%, in both volume and value. While fresh top lots have sold well over the past two years, critics have bemoaned the market’s diffidence across other stock profiles. Given the make-up of the 253 sales last night, the statistics augur well for renewed interest from Lawson’s traditional support base in re-engaging with the market.
Supplied, 19 February 2011 Exclusive to the AASD
Art+Object in Auckland is making a strong start to its auction year with four auction sessions over three consecutive days featuring around 1050 lots from five diverse collections, together with outside entries.
ALBERT Watt and Peter Rand were South Yarra neighbours for almost two decades and friends for more than 40 years. Throughout the course of their relationship, Mr Watt's most prized possession was a Rupert Bunny painting, Girl in Sunlight.. The pair's friendship continued even after the painting was mysteriously stolen in 1991.
By Jane Raffan on 18-Feb-2011 Exclusive to the AASD
And they are hoping to make a splash. The 23 February Quarterly Fine Art Auction carries a pre-sale estimate of $1.5–2.1 million. Given all the major houses have scheduled their sales well beyond the March 26 NSW state election, Lawson’s will be looking to catch the attention of collectors itching to spend after the summer hiatus.
By Terry Ingram on 17-Feb-2011 Exclusive to the AASD
Art lovers showed the same hesitation about giving art away as they did to consigning it to the art market last year.
By Terry Ingram on 10-Feb-2011 Exclusive to the AASD
The row over copyright payments in the secondary art market three years ago has become a storm in a teacup, compared with the growing storm over implementation of the Resale Royalty scheme. But the pursuit of those reproduction rights still has its Alice in Wonderland moments, writes our special correspondent.
By Peter Fish on 10-Feb-2011 Exclusive to the AASD
While Mossgreen is trumpeting an impressive line-up of single-owner antique and art sales for the February-May period (see story below on this site) , it seems the auction sales calendar is taking shape at a relatively leisurely pace at Sotheby’s and Bonhams.
By Peter Fish on 09-Feb-2011 Exclusive to the AASD
If 2010 was a mixed year for art and antiques at auction, there are some who are clearly convinced that 2011 will be a big improvement. Paul Sumner’s Mossgreen Auctions has lined up no less than seven one-owner sales for the first half of the year, several of which are expected to bring in $1million or so each.
A bronze sculpture, supposedly by the famed 20th-century British artist Henry Moore, has been withdrawn from sale by a Melbourne auction house after a tip-off from an interested buyer that the work could be a fake.
By David Hulme & Brigitte Banziger on 07-Feb-2011 Exclusive to the AASD
A strong Aussie dollar means hunting and bidding for Australian art at auction overseas has never been more alluring.
Supplied, 5 February 2011 Exclusive to the AASD
A work by Frederick McCubbin, Shipyards Williamstown was stolen in a burglary of a home in Adelaide on December 17, 2010.
By James Bruce, Theodoore Bruce Auctions on 05-Feb-2011 Exclusive to the AASD
The Weekend Australian – January 28th 2011, carried two stories detailing the strength of the international art market (Art dealers enjoyed 'one of the greatest years ever' in 2010 and New buyers prod art market from bust to boom, see links below) as evidenced in sales by Christies ($5.27 billion, 2010) and Sotheby’s ($4.32 billion, 2010) with the third international art auction house, Bonhams not reporting its sales but flagging a record year.
Two weeks of major sales in London begin on Tuesday at Sotheby’s with an evening sale of impressionist and modern art and continue into next week with contemporary works. The market recovery is reflected in pre-sale estimates: if all goes well, more than £400m will be lavished on art in the coming days, with up to £287m expected this week alone.
By , on 03-Feb-2011 Exclusive to the AASD
Sebastian is a trustee of an SMSF (self-managed super fund). The SMSF holds an artwork as an investment and the artwork is displayed in Sebastian’s house. In order to comply with the regulations, Sebastian enters into a lease arrangement to display the artwork in an art gallery.
Explanatory memo example to Tax Laws Amendment (2011 Measures No. 2) Bill 2011: SMSF investment in collectables and personal use assets exposure draft
A PLANNED new alliance of fine arts dealers, auction houses and gallery owners will fight for changes to the federal government's controversial resale royalties scheme, which has raised just $80,000 since it was introduced seven months ago.
From modern paintings to marble statues, sales of fine art have recovered from the recession, and then some.
Christie's International said it sold £3.3 billion ($5.3bn) of fine and decorative art last year, up 53 per cent from 2009 and surpassing its £3.1bn in sales during the art market's prior peak in 2007
Andy Warhol once remarked that he liked "money on the wall".
"Say you were going to buy a $200,000 painting," he said. "I think you should take that money, tie it up and hang it on the wall. Then, when someone visited you, the first thing they would see is the money on the wall."
By Terry Ingram on 23-Jan-2011 Exclusive to the AASD
Hobart gambler David Walsh has turned art collecting and connoisseurship into a game and lifted the stakes for art buyers, not only in Australia but the rest of the world.
By Terry Ingram on 22-Jan-2011 Exclusive to the AASD
Menzies Art Brands (MAB) is losing one of its principal executives to Sotheby's Australia stemming some of the losses that have affected the global franchise in Australia since its transformation over a year ago.
Supplied, 4 January 2011 Exclusive to the AASD
While First East Auction Holdings Ltd's (FEAL) interest in Leonard Joel, Melbourne is to stay with FEAL (chaired by Mr Tim Goodman), its wholly owned Bay East is to go with Sotheby's Australia to the new consortium headed by Mr Geoffrey Smith.