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 favour was the sale of a ­Eugene von Guerard landscape which had been owned by the same family for more than five generations. Breakneck Gorge, Hepburn Springs sold to a phone bidder for $1.952m, including Sotheby’s 22 per cent buyers’ premium off a $1m reserve. …

Other highlights were: Arthur Streeton’s little Cremorne landscape, measuring just 22cm by 71cm and listed with a reserve of about $180,000 which sold after furious bidding for $549,000; and a playful Elioth Gruner painting of finely dressed figures amid boats, Fisherman, Coogee Beach, acquired by dealer David Hulme on behalf of a client for $164,700, more than double its reserve.






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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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