Posted by Aboriginal Art Directory | 26.11.09
News source: The Age
Sotheby's posted the week's best auction result - bringing in a total of $7.36 million (including commissions) on Monday night, and another $2 million on Tuesday at its Aboriginal art sale.
As the week drew to an end, Tim Goodman, the new chairman of Sotheby's, was predicting a livelier art market next year. The big challenge this year was the lack of stock as collectors became reluctant to sell quality works in a depressed market, he said, but this was about to change.
The "bargain-hunters" have one more chance at which to pounce, the Deutscher-Menzies and Lawson-Menzies sales in Sydney on December 16.
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.