Thoroughbred News
Sotheby’s Australia on Tuesday sold at auction the 1964 Melbourne Cup, which was won by New Zealand horse Polo Prince (NZ).
The sale price doubled its low estimate and sold to a room bidder for $140,300 (estimate $70,000-90,000).
Breeding Racing
The 1964 Melbourne Cup has been purchased by an anonymous buyer for $140,300 at an auction in Sydney, reports news.com.au. Sold by Sotheby's, the nine-carat gold trophy, won by New Zealand-bred stayer Polo Prince, has been held in a private Queensland collection since 1999. It is believed the buyer paid more than $50,000 over the estimated sale price.
Australian Auction Review | Richard Brewster
A rare Demétre Chiparus figurine is a major highlight of Sotheby’s Australia forthcoming Fine Asian, Australian & European Arts & Design auction from 6pm Tuesday October 24 in Sydney at The Hughenden 14 Queen Street, Woollahra.
The circa 1925 Dancer of Kapurthala has been held in the distinguished South Australian Angas family collection for more than 90 years.
Thoroughbred News
Sotheby’s Australia has been entrusted with the sale of the 1964 Melbourne Cup won by New Zealand horse Polo Prince (NZ). Held in a private Queensland collection since 1999, the 1964 Melbourne Cup was presented by the Governor General, William Sidney, 1st Viscount De L'Isle, to Mrs Edna Davis, co-owner of Polo Prince. The Cup will be auctioned by Sotheby’s Australia on 24 October 2017 in Sydney with an estimate of $70,000-90,000.
The Advertiser | Patrick McDonald
Syndicated: Cairns Post, The Courier-Mail, The Daily Telegraph, Gold Coast Bulletin, The Herald Sun, The Mercury, News.com.au, NT News
A FRENCH art deco figurine owned by South Australia’s Angas family for more than 90 years, depicting a Spanish flamenco dancer who famously married an Indian Maharajah, will be auctioned next month.
Dancer of Kapurthala, by renowned Paris-based, Romanian-born sculptor Demetre Chiparus, was purchased new by Ronald Fife Angas in the 1920s and has been in the family collection ever since.
Australian Financial Review | Peter Fish
Numerous major paintings were on offer, including an epic Arthur Boyd, a trio of paintings by Russell Drysdale and a host of works by Brett Whiteley – but it was the unexpected high-flyers that electrified auction-goers at Sotheby's last week.
The Australian-owned firm, which last year emerged at the top of the major league of art auctioneers by turnover, has a reputation for attracting top works and pitching its estimates at close to what buyers are likely to pay. While many of the prices realised at its sale in Sydney on August 16 were broadly in line with expectations, the firm's chairman, Geoffrey Smith – whose meticulous research is a byword in the business – clearly got a few surprises.
Australian Auction Review
Arthur Boyd’s Moby Dick Hill sold for $1.2 million at Sotheby’s Australia’s Sydney August 16 sale and became the third highest priced work at auction for the artist.
Sotheby’s Australia chairman Geoffrey Smith said the result was a testament to the genius of an artist who, following World War II, encapsulated the urgency and vitality of an Expressionist style that contributed significantly to the history and development of 20th century Australian art.
Australian Auction Review | Richard Brewster
Charles Blackman’s The Pink 1953 – acquired directly from the artist’s solo exhibition of that year and held in a private collection ever since – will be auctioned for the first time in Sotheby’s Australia’s forthcoming Important Australian Art sale from 6.30pm Wednesday August 16 at Intercontinental Sydney, 117 Macquarie Street, Sydney.
With a catalogue estimate of $250,000-$350,000 from a total sale projection of at least $9 million, the painting was included recently in the comprehensive Charles Blackman: Schoolgirls exhibition at the Heide Museum of Modern Art in Melbourne.
Business Insider | Simon Thomsen
Syndicated: Yahoo!7 Finance
A last-minute $250,000 donation from an anonymous Victorian couple has saved the 104-year-old Castlemaine Art Museum from closure next week.
The 1931 art deco building in Victoria’s goldfields region houses works by Australian artists such as Arthur Streeton, and is currently displaying Patricia Piccinini’s “Graham”, the sculpture commissioned by the Transport Accident Commission. Its announcement last month that it would close on August 11 until March 2019, due to “a range of financial and operational challenges”, sent shockwaves through the arts community.
Broadsheet | Annelise Answerth
An anonymous couple from central Victoria has donated $250,000 to keep the Castlemaine Art Museum open, after the regional institution announced it would close indefinitely next week due to lack of funding.