The Age reports on the Aboriginal art sales:
The indigenous art market is mostly international and is generally measured in US dollars. When Sotheby’s set auction estimates for yesterday’s auction three months ago the Australian dollar was trading at about US65¢, but yesterday it was trading at about US91¢, which kept some buyers away.
The auction house had expected sales of the 177 lots offered to garner between $2.4 million and $3.6 million, but only $2.06 million was realised. One of the best results, however, was the $150,000 for a recently discovered charcoal and pencil on paper work by William Barak.
Dollar Downer for Aboriginal Art Sale (The Age)
