Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

New Record for Australian Artist

March 25, 2010 by Marion Maneker

The Sydney Morning Herald reports that a new record has been set for an Australian artist at auction. Sydney Nolan’s First Class Marksman sold for A$5.4m at Menzies:

The 1946 canvas sold to an undisclosed telephone bidder for $4.5 million before the buyer’s premium was added, drawing a round of applause. The canvas is thought to be the only one in Nolan’s celebrated first series of 27 Kelly paintings not in the National Gallery of Australia in Canberra. It was sold by the Vizard Foundation, overseen by the businessman Steve Vizard, who bought it for a reported $400,000 in 1992. It has mainly been on show at the National Gallery of Victoria since then.

[…] Art-market analyst Michael Reid said the result was a ”wonderful money-vitamin shot in the arm to the industry that has been anaemic for the last 12 months”. […]

The previous auction record for Australian art was $3.48 million, reached in 2007 – the market’s last bumper year – for Brett Whiteley’s sexualised landscape The Olgas for Ernest Giles.

Record $5.4m for Nolan (Sydney Morning Herald)

More from Art Market Monitor

  • Australian Painter Brett Whiteley Makes $3.9m RecordAustralian Painter Brett Whiteley Makes $3.9m Record
  • Sotheby’s Australia Comes Up Short with 42% Sell-ThroughSotheby’s Australia Comes Up Short with 42% Sell-Through
  • Australian Collectors Look OutwardAustralian Collectors Look Outward
  • Australian Banker Doubts His Whiteley’s AuthenticityAustralian Banker Doubts His Whiteley’s Authenticity
  • Australia’s Shapiro Gets Herman SaleAustralia’s Shapiro Gets Herman Sale
  • Aboriginal Art: Stop the Madness!Aboriginal Art: Stop the Madness!

Filed Under: Auction Results Tagged With: Australian

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...