Bonhams sold the collection of Australian television personalities Reg Grundy and Joy Chambers-Grundy who collected Australian art from the era of Reg Grundy’s youth before the couple moved to Bermuda and London.
In front of a standing room only audience of over 400 people, Bonhams auctioneer and Australian CEO James Hendy brought the gavel down on the Collection’s 89 works of art with 84% sold by lot and 85% sold by value.
12 new artist auction records were set including for the top lot of the auction, Fred Williams’ spectacular You Yangs Landscape 1, 1963 depicting the area near Melbourne which sold for $2,287,500.
12 new artists’ world auction records were set for: Fred Williams, Margaret Preston, Herbert Badham, Narelle Jublin, Frank Hinder, Tony Ruckson, Weaver Hawkins, Sam Fullbrook, Rosalie Gascoigne, Timothy Johnson, Paddy Jaminji, Robert Campbell (Jr.)
The top 3 works sold from the collection were:
- Fred Williams, You Yangs Landscape 1, 1963, sold for $2,287,500
- John Brack, The New House, 1953 sold for $1,952,000
- John Brack, The Breakfast Table, 1958, sold for $1,464,000
More from Art Market Monitor
We’re In a Fontana Market Now as Christie’s Ups Ante to $30m on Yellow La Fine di Dio
Tully: Cohen Gets a D in the Art Market
Saudi Women Participate in Flourishing Arts
Almost 90 Years Out of Public Eye, Rediscovered Portrait by Indian Modernist Amrita Sher-Gil Heads to Auction
Saving Paper
Merce Cunningham's Assets Were Art
