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 record price of $1.06 million 10 years ago.

My Country dates from 1993, shortly before the artist’s death in 1996 after a brief but prolific eight-year career.

Brett Whiteley

Brett Whiteley’s Hummingbird and Frangipani, 1986, sold for $719,800.

The Bonhams sale, which made $3.5 million, was led by Brett Whiteley’s Hummingbird and Frangipani at a premium-inclusive price of $719,800, way up on its estimate of $280,000 to $350,000, and Roy de Maistre’s Magnolia which fetched a relatively huge $549,000 against an estimate of $80,000 to $120,000.

Art consultant David Hulme was a bidder on both works, apparently securing the de Maistre for a client. Also above estimate were Sidney Nolan’s Ned Kelly at $524,600 and Charles Blackman’s Illusion of Children, which surprised some with a strong price of $219,600.

See also http://www.afr.com/lifestyle/arts-and-entertainment/art/elton-johns-aboriginal-painting-sells-for-surprise-414000-20170614-gwqoo8

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Brigitte Banziger

Hello, my name is Brigitte Banziger and I am an art consultant and manager at Banziger Hulme Fine Art Consultants, Australia's art valuation and art advice experts. We offer comprehensive art valuation and art brokerage services (selling and buying art on behalf of clients). Our art services cover everything from valuations, art care and restoration, to general advice such as helping define the goals for your art purchase and work out the best strategy on how to achieve those goals, including where, how and and when to buy.

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