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Australian Art Market Looks Forward to Better Year in 2011

January 4, 2011 by Marion Maneker

The Sydney Morning Herald reports some projections for this year’s hoped for Australian art market rebound:

Auction results have also been patchy. After dismal interest in its Aboriginal art auction in July, Sotheby’s Australia fared even worse last month, selling only $625,620 worth of indigenous art, against pre-sale estimates of $1.7 million to $2.4 million.

Australian art sales are expected to reach $105.8 million this year, says Australian Art Sales Digest, up on last year’s total of $88.1 million but below the $114.7 million of 2008.

Galleries See Red Over Sales (Sydney Morning Herald)

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Filed Under: Auction Results Tagged With: Australian

About Marion Maneker

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