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In The News

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.

The Age  |  Carolyn Webb

Syndicated: Brisbane Times, Canberra Times, The Sydney Morning Herald, WA Today

Shock and anger at the closure of the 104-year-old Castlemaine Art Museum turned to joy on Wednesday night.

White knight private donors have pledged $300,000 to save the key Castlemaine tourist attraction, which was slated for closure after the board said it had insufficient funds to continue operating.

Australian Financial Review | Peter Fish

A large Arthur Boyd oil which has twice attracted public admiration and two Brett Whiteley views of Sydney's Lavender Bay, where the artist lived from the 1970s, are among the highlights of a sale next month.

The Australian Financial Review | Peter Fish

A Demetre Chiparus bronze and ivory sculpture of a scantily clad woman 67cm high, Antinea, scored equal top price at a Sotheby's sale of Australian and European art and design in Sydney last week.

Australian Financial Review | Peter Fish

Paintings by John Perceval and Rupert Bunny and a Chiparus bronze and ivory figure stand out at Sotheby's Australia's upcoming sale of Asian, Australian and European arts and design.

Australian Financial Review |  James Cockington

There were some who predicted that the wristwatch would go the way of typewriters and videotapes. Not so. At Sotheby's Australia's May 23 Important Jewels auction a Rolex watch sold for $219,600 including buyer's premium, way above estimates of $80,000 to $120,000. This is claimed as a new record price for any watch sold at auction in Australia.

Time and Tide  |  Felix Scholtz

The ‘Paul Newman’ Daytona is one of THE legendary watches. At its most basic level it’s an exotic dialled variant of the (already iconic) Rolex Daytona. Unpopular when it was originally released, things kicked off for the watch when pictures of Paul Newman wearing a ref. 6239 emerged and the once-obscure chronograph became one of the hottest tickets in town. And, like the story of all mythical creatures, that of the Paul Newman is a nugget of truth surrounded by a whole lot of  rumour, speculation and downright BS. The reason is simple – Paul Newmans are worth big dollars. For example, a particularly primo gold ref. 6263 sold just the other weekend, setting a new record with its whopping $3.7m USD hammer price.

Australian Financial Review | Peter Fish

The mood in the art market is reviving after almost a decade of flatlining annual sales. Evidence of increased dealer activity on behalf of private clients is mounting amid improving sentiment and the evidence of several successful sales this year – culminating in last week's Sotheby's Australia sale, where numerous works realised way above expectations.

The Australian  |  Michaela Boland

The Australian art market ­continued its stellar run last night when Sotheby’s Australia auctioned 108 artworks for $14.3 million, the company’s best result since the market peaked a year before the global financial crisis hit.

Four artist records were set but the highlight of a night when only a couple of big artworks failed to find favour was the sale of a ­Eugene von Guerard landscape which had been owned by the same family for more than five generations. Breakneck Gorge, Hepburn Springs sold to a phone bidder for $1.952m, including Sotheby’s 22 per cent buyers’ premium off a $1m reserve.

The Advertiser  |  Louise Nunn

TWO rare portraits painted by Hans Heysen’s daughter Nora and never seen publicly, are co-incidentally up for auction for the first time.

Being sold by different vendors in Sydney, the paintings were both done inside the same London flat, and give an insight into the artist’s early career.

Interior, painted by the South Australian in 1935 but dated 1938, fetched $120,000 under the hammer at Sotheby’s Australian auction in Sydney last night, with the buyer’s premium taking the sum total to $146,400.

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