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Media articles about the art market, Banziger Hulme Fine Art and other art-related topics.

Elton John-owned canvas beats estimate

writes Peter Fish in the “Australian Financial Review” on 15 June 2017. The enormous Emily Kngwarreye canvas bought by singer Elton John 20 years ago for $46,000 sold for $414,800, almost double its estimate at Bonhams sale on Tuesday last week. Measuring 1.34m by 3.70m, it is among a handful of super-size Kngwarreye paintings to come on the auction market since Earth’s Creation, 6.32m by 3.75m, sold for her...
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Elton John auctions his Emily Kame Kngwarreye painting My Country

writes Michaela Boland in The Australian on 12 June 2017. Elton John’s Emily Kame Kngwarreye landscape sold at auction for almost half a million dollars last week, ten times what the piano man bought it for two decades ago and double what Bonhams auction house expected as the bluechip art market continues its bull run. John and his husband David Furnish have been rationalising their...
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Australian art market gets fired up as auction records fall

writes Peter Fish in the “Australian Financial Review” on 10 May 2017. The mood in the art market is reviving after almost a decade of flatlining annual sales. Evidence of increased dealer activity on behalf of private clients is mounting amid improving sentiment and the evidence of several successful sales this year – culminating in last week’s Sotheby’s Australia sale, where numerous works realised way above...
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Local art market surges ahead at breakneck pace

writes Michaela Boland in “The Australian” on 4 May 2017. The Australian art market ­continued its stellar run last night when Sotheby’s Australia auctioned 108 artworks for $14.3 million, the company’s best result since the market peaked a year before the global financial crisis hit. Four artist records were set but the highlight of a night when only a couple of big artworks failed to find...
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Hammer comes down on busy year in art auction

writes Michaela Boland in The Australian on 9 December 2016. As the nation’s art auction houses draw the shutters on a busy year, sales figures reveal a dynamic buyers’ market in an industry that’s working harder for the money. With just a few small sales outstanding this year, total artwork transactions at auction were $102 million, about 8 per cent down on last year. Despite...
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Tom Roberts coin donated to Prime Minister’s office goes missing

By Marion Ives, ABC News, 11 April 2016 The disappearance of a valuable artefact that belonged to one of Australia’s most prominent artists, Tom Roberts, is now before the Australian Federal Police. Donated to the Prime Minister’s office for inclusion in a public collection, the coin was allegedly handed to a prime ministerial adviser at the official opening of the National Gallery of Australia’s (NGA)...
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Picture this: a guide to art investment for the uninitiated

By Susan Muldowny, published in “In The Black”, 27 October 2015 Looking for an alternative form of investment? Fine art can bring great rewards, but you need to do your homework and seek advice. When Grace Cossington Smith’s modernist painting The Window sold for double its pre-sale estimate at a Sotheby’s Australia auction in November 2014, the local art world was aghast. Not only did...
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The Art of Valuing Beautiful Things

By Susan Muldowney | Vol: 38 Issue: 2 | Jul 2015 Published in The Journal of the Australian and New Zealand Institute of Insurance and Finance   The sale of Arthur Streeton painting The Windsor Damsel, Fishing earlier this year raised a few eyebrows in the art world. The rarity of Streeton works, the condition of the painting and the unquestionable esteem of the artist...
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Hits and misses as Minter Ellison sells down art collection

Jane O’Sullivan writes on the Sotheby’s auction of Fine Asian, Australian and European Arts and Design in the Australian Financial Review of 23 July 2015: ….. While the majority of these Minter Ellison works were from the 1990s and early 2000s, there were also 10 Max Dupain photographs. The most interest was shown for his beach scenes. Art consultant David Hulme was outbid on The...
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Record Price for rare Window on weak night at Sotheby’s art auction

Record Price for rare Window on weak night at Sotheby’s art auction By Michaela Boland, The Australian, 26 November 2014 One of the earliest and largest of Grace Cossington Smith’s much-acclaimed late interiors — and possibly the only one still in private hands — ignited a bidding frenzy at Sotheby’s Australia’s Important Australian and International Art auction last night. The Window was listed with expectations...
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