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.
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 |