Smith & Singer

News & Video

Online Art Auctions Surprise on the Upside

10 June 2020

Financial Review  |  Gabriella Coslovich

The sums that art buyers are willing to spend online have crept up, reflecting a pragmatic shift that has occurred across the economy during the pandemic.

Only a month ago Saleroom reported that the comfort threshold for online bidding hovered around $50,000, with a couple of notable exceptions five and six years ago. But in the space of two weeks we’ve seen an internet bidder pay $190,000 (hammer) for the 20.246 carat “Wakil Emerald” at Smith & Singer’s online jewels auction, and another collector rise to a $100,000 internet bid for Del Kathryn Barton’s portrait of Hugo Weaving at Deutscher and Hackett’s inaugural solo online auction last week. 

Staring at Art on the Wall is Bigger Than Ever

10 June 2020

The Australian  |  Ashleigh Wilson

Geoffrey Smith makes it his business to know the minds of collect­ors. And while the pandemic has been a strange time for all, those lucky enough to be surrounded by art have found themselves developing a renewed appreciation for their collection during lockdown.

“They’re spending more time at home, looking at what’s hanging on the wall,” said Smith, chairma­n of fine art auction house Smith & Singer. “Never has there been a time when art has been more important than now.”

As galleries start to open their doors around the nation, auction houses are preparing to welcome buyers back into their showrooms after a long period of absence.

Nine News  |  Mike Dalton

Among the kaleidoscope of businesses that were forced to close when coronavirus seeped into our lives were the nation's auctioneers of fine art and objects. However, as the curve flattened and thanks to online bidding, auction houses are beginning to let the hammer drop again and tonight sees one of the country's biggest gemstones go under the gavel.
Known as The Wakil Emerald, it is 20-plus carats of pear-shaped, step-cut, claw-set and diamond-rimmed stone, named after its original owner, Sydney property developer couple Isaac and Susan Wakil.

Financial Review  |  Gabriella Coslovich

When is an art auction not an art auction? It’s worth asking at a time when auction houses are experimenting with new sales models that blur the line between private and public, and that increasingly encroach on the turf of art dealers. Traditionally, auctions have been public events – the auctioneer’s hammer falls and the winning bid is known. But the pandemic has been a catalyst for change, and some auctions are now more akin to secret sales.

A Mid-60s Submariner with a Sea Story... at the First Virtual Smith & Singer Auction

26 May 2020

Time + Tide  |  Nick Kenyon

Smith & Singer (formerly Sotheby’s Australia) are hosting their first watch and jewellery auction of the year this week, featuring a smattering of interesting watches, with a few standout pieces. While the current circumstances mean a crowded room focused on a rostrum is impossible, the auction will be held virtually, with bidding allowed via telephone and online to enable the sale to go forward. While watches only make up a portion of the Jewels Department of Smith & Singer, there are always some interesting lots on offer, including a Heuer Autavia “Jo Siffert” and an Omega Speedmaster Apollo XI 1969 ref. 145022 69 in the last 12 months. This sale is no exception, with a few lots in particular that aren’t things you might see every day, and is due to take place on May 27 at 6.30pm.

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