Smith & Singer

No Cuts to Art Prices at Sotheby’s

May 15, 2014

Australian Art Sales Digest  |  David Hulme & Brigitte Banziger

A large number of the 101 lots at Sotheby’s on budget day bore low estimates, promising a cut to prices. The venue of choice, the aptly named Treasury Lounge at the Intercontinental Hotel in Sydney’s CBD, raised the hopes of many to bag some bargain art on the night.  International auctioneer Martin Gallon was in fine form and brimming with confidence, and in the end did not deliver any cuts at all: with 113.5% sold by value and 71.3 % sold by volume, the evening brought a total of $5,569,910 IBP. 

 

We use our own and third party cookies to enable you to navigate around our Site, use its features and engage on social media, and to allow us to perform analytics, remember your preferences, provide services that you have requested and produce content and advertisements tailored to your interests, both on our Site as well as others. For more information, or to learn how to change your cookie or marketing preferences, please see our updated Privacy Policy & Cookie Policy.

By continuing to use our Site, you consent to our use of cookies and to the practices described in our updated Privacy Policy.

CONTINUE