Posted by Aboriginal Art Directory | 24.03.08
News source: news.com.au
Information about a recent Aboriginal art auction from Lawson-Menzies.
Quoted from the article:
Some 120 works went under the hammer tonight for the Lawson-Menzies auction, many of which were post-1980 Aboriginal works.
A spokeswoman for auction house Lawson-Menzies said a clearance rate of 80 per cent showed the works were popular with investors.
"This has been a very strong night for the sale of Aboriginal art," she said.
"Sale prices broke records for three Aboriginal artists."
A polymer paint on linen work by Judy Watson Napangardi, titled Women's Dreaming, sold for $216,000 including a 20 per cent buyer's premium.
Another synthetic polymer paint on linen piece, Kutungka Napanangka at Papunga, by Walangkura Napanangka, sold for $52,800 including buyer's premium.
The third record-breaking price was achieved by a Robert Campbell Junior canvas titled Ash Wednesday. It sold for $21,600 including buyer's premium.
As a signatory to the Indigenous Art Code we are committed to ethical and transparent business dealings with Indigenous visual artists and abide by the standards set out in the Code.