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

Written by

Brigitte Banziger

Hi, 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 specialise in art valuations for insurance purposes, for family division, deceased estates, superannuation funds and market values, and advise clients regarding purchase and sales of art (art brokerage). Our services are sought by private clients, companies, public galleries and councils alike. Our aim is to provide professional service with friendly, approachable manner.

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