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Author Archives: Terry Ingram
Australian Museum Acquires Major Old Master Painting
Last month, the National Gallery of Victoria, Melbourne, Australia, unveiled its recent acquisition of a major work, Madonna and Child with the Infant Saint John the Baptist, by Correggio (Antonio Allegri). Read More
Australian Auctions Indicate Mixed Picture of Art Market
The sale of important Australian and International Art held on August 23, by Sotheby’s Australia, which is a Sotheby’s franchise owner, realized a buoyant $A4.9 million ($5.1 million) including premium, equal to 106.5 per cent by value and 78 per cent by volume. Read More
Auction House Owners Shuffled Again in Australia’s Volatile Market
Only one year after it was issued, a ten-year license to use the Sotheby’s name in Australia has been resold to a consortium of five investors headed by Geoffrey Smith, formerly senior curator at the National Gallery of Victoria, Melbourne. Read More
Australian Art Sale in Melbourne Falls Short of Expectations
The first sale of important Australian art held by Sotheby’s Australia as a franchise operation, in Melbourne on April 20, fell short of expectations. Read More
Record $5M Nolan Painting Leads Menzies Australian-Art Auction
During the buoyant auction of Australian aboriginal and international fine art held by Menzies Fine Art Auctioneers in its salerooms in Sydney, Australia, on March 25, a new auction record of A$5.4 million ($4.9 million) was set for any Australian artwork. Read More
Collector Profile: John Schaeffer
Friends of the businessman John Schaeffer were surprised to receive a Christmas card from him last year with an illustration of arguably the most famous painting by Frederick Leighton (1830–96) on the front. Read More
Australian Art Exceeds Expectations at Sotheby’s
The first Sotheby’s art auction in Australia under a new franchise agreement was held in Melbourne on Nov. 23, and grossed A$7.4 million ($6.8 million), exceeding the overall estimate of A$4.7 million/6.5 million. Read More
International Buyers Boost Sotheby’s Aboriginal Art Auction
Despite a rise in the value of the Australian dollar, the top three lots in Sotheby’s Australia’s sale of Aboriginal and Oceanic art in Melbourne on Nov. 24 went to overseas buyers. Read More
Sotheby’s Sells Australian Operations to Rival House
On Sept. 28, Sotheby’s announced it would sell its Australian auction operations to First East Auction Holdings, which owns rival Sydney auctioneer Bonhams & Goodman (the Australian branch of Bonhams), for an undisclosed sum. Read More
Australian Museum Buying Boosts Deutscher Auction Total
Australian art museums helped bolster the sale of Australian and international fine art held by Deutscher and Hackett on April 29. Read More
Cutting-Edge Works Spark Competition at Australian Sales
There was strong competition for less-expensive artworks—especially by previously hard-to-buy young Australian artists—at auctions held by Sotheby’s, Bonhams & Goodman and Deutscher and Hackett in Melbourne on Nov. 23–26.
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Menzies’ Lack of Disclosure Draws Auctioneers’ Ire
Bonhams & Goodman, the Australian affiliate of London-based auctioneer Bonhams, has filed a complaint with the Australian Competition and Consumer Commission (ACCC), Australia’s competition watchdog agency, against Menzies Art Brands (MAB), which has claimed market leadership in the unregulated Australian art-auction industry. Read More
