It looks like Australian art collectors are driving auction prices back to boom levels
September 1, 2016
Business Insider Australia | Simon Thomsen
An auction of major Australian art by Sotheby’s in Sydney last night suggests investors are back in the local art market, with the 69 works on offer realising $8.96 million (inc. buyer’s premium) in clearance rates of 75.4% at 132% by value.
CONTACT INFORMATION +
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Geoffrey SmithChairman Australian & International ArtMelbourne | Sydney T: +61 (0)3 9508 9900 T: +61 (0)2 9302 2402 E: Geoffrey Smith |
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Gary SingerChief Executive Officer & Director Australian & International ArtMelbourne | Sydney T: +61 (0)3 9508 9900 T: +61 (0)2 9302 2402 E: Gary Singer |
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Emily WalkerAdministrator Australian & International ArtMelbourne T: +61 (0)3 9508 9900 E: Emily Walker |
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David MackayGallery Manager Sydney |