Sotheby's Australia

In The News

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 20th 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

A last-minute $250,000 donation from an anonymous Victorian couple has saved the 104-year-old Castlemaine Art Museum from closure next week.

The 1931 art deco building in Victoria’s goldfields region houses works by Australian artists such as Arthur Streeton, and is currently displaying Patricia Piccinini’s “Graham”, the sculpture commissioned by the Transport Accident Commission. Its announcement last month that it would close on August 11 until March 2019, due to “a range of financial and operational challenges”, sent shockwaves through the arts community.

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.

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.

Australian Financial Review | Peter Fish

A large Arthur Boyd oil which has twice attracted public admiration and two Brett Whiteley views of Sydney's Lavender Bay, where the artist lived from the 1970s, are among the highlights of a sale next month.

The Australian Financial Review | Peter Fish

A Demetre Chiparus bronze and ivory sculpture of a scantily clad woman 67cm high, Antinea, scored equal top price at a Sotheby's sale of Australian and European art and design in Sydney last week.

Australian Financial Review | Peter Fish

Paintings by John Perceval and Rupert Bunny and a Chiparus bronze and ivory figure stand out at Sotheby's Australia's upcoming sale of Asian, Australian and European arts and design.

Australian Financial Review |  James Cockington

There were some who predicted that the wristwatch would go the way of typewriters and videotapes. Not so. At Sotheby's Australia's May 23 Important Jewels auction a Rolex watch sold for $219,600 including buyer's premium, way above estimates of $80,000 to $120,000. This is claimed as a new record price for any watch sold at auction in Australia.

Time and Tide  |  Felix Scholtz

The ‘Paul Newman’ Daytona is one of THE legendary watches. At its most basic level it’s an exotic dialled variant of the (already iconic) Rolex Daytona. Unpopular when it was originally released, things kicked off for the watch when pictures of Paul Newman wearing a ref. 6239 emerged and the once-obscure chronograph became one of the hottest tickets in town. And, like the story of all mythical creatures, that of the Paul Newman is a nugget of truth surrounded by a whole lot of  rumour, speculation and downright BS. The reason is simple – Paul Newmans are worth big dollars. For example, a particularly primo gold ref. 6263 sold just the other weekend, setting a new record with its whopping $3.7m USD hammer price.

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