News & Video

Australian Financial Review  |  Peter Fish

Numerous major paintings were on offer, including an epic Arthur Boyd, a trio of paintings by Russell Drysdale and a host of works by Brett Whiteley – but it was the unexpected high-flyers that electrified auction-goers at Sotheby's last week.

The Australian-owned firm, which last year emerged at the top of the major league of art auctioneers by turnover, has a reputation for attracting top works and pitching its estimates at close to what buyers are likely to pay. While many of the prices realised at its sale in Sydney on August 16 were broadly in line with expectations, the firm's chairman, Geoffrey Smith – whose meticulous research is a byword in the business – clearly got a few surprises.

Australian Auction Review

Arthur Boyd’s Moby Dick Hill sold for $1.2 million at Sotheby’s Australia’s Sydney August 16 sale and became the third highest priced work at auction for the artist.

Sotheby’s Australia chairman Geoffrey Smith said the result was a testament to the genius of an artist who, following World War II, encapsulated the urgency and vitality of an Expressionist style that contributed significantly to the history and development of 20^th century Australian art.

Australian Auction Review  |   Richard Brewster

Charles Blackman’s The Pink 1953 – acquired directly from the artist’s solo exhibition of that year and held in a private collection ever since – will be auctioned for the first time in Sotheby’s Australia’s forthcoming Important Australian Art sale from 6.30pm Wednesday August 16 at Intercontinental Sydney, 117 Macquarie Street, Sydney.

With a catalogue estimate of $250,000-$350,000 from a total sale projection of at least $9 million, the painting was included recently in the comprehensive Charles Blackman: Schoolgirls exhibition at the Heide Museum of Modern Art in Melbourne.

Business Insider  |  Simon Thomsen

Syndicated: Yahoo!7 Finance

Broadsheet  |  Annelise Answerth

An anonymous couple from central Victoria has donated $250,000 to keep the Castlemaine Art Museum open, after the regional institution announced it would close indefinitely next week due to lack of funding.

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ArtsHub  |  Gina Fairley

An injection of $300,000 in donations has kept CAM’s doors open for a little longer, but staffing remains uncertain for the Victorian gallery.

ABC Radio Australia  | Stephanie Corsetti

With the Castlemaine Art Museum in central Victoria due to close on August 11, hundreds of locals at a meeting are told an eleventh-hour lifeline means the landmark will remain open.

The Age  |  Carolyn Webb

Syndicated: Brisbane Times, Canberra Times, The Sydney Morning Herald, WA Today

Shock and anger at the closure of the 104-year-old Castlemaine Art Museum turned to joy on Wednesday night.

White knight private donors have pledged $300,000 to save the key Castlemaine tourist attraction, which was slated for closure after the board said it had insufficient funds to continue operating.