Smith & Singer

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.

 

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