Art Market Monitor

Global Coverage ~ Unique Analysis

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

Sotheby’s Aboriginal London = £1.6m

September 21, 2016 by Marion Maneker

jagamara-five-stories-150-200k-401k-gbp

Sotheby’s demonstrated continued recovery in the Aboriginal art market with its recent move of Aboriginal sales to London. Today’s auction achieved £1.6m (AU$2.8m), representing a 55% increase from last year’s sale.

a record for a living aboriginal artist was established by Michael Nelson Jagamara’s Five Stories, 1984, which sold for £401,000 (AU$ 687,877), more than doubling the pre-sale high estimate of £150,000-200,000. Offered from the Gabrielle Pizzi Collection, Five Stories is considered the most iconic work of modern aboriginal art, and is possibly the most published and exhibited work by any indigenous Australian artist. Warlimpirringa Tjapaltjarri’s untitled painting from 2007 more than doubled pre-sale expectations to sell for £167,000 (AU$286,473) (estimate: £50,000-80,000).

Following a prolonged bidding battle, Benedict Palmeiua Munkara’s Male And Female Figures of Purukapali and Bim, executed on Bathurst Island in the 1960s, soared to £251,000 (AU$430,566), far in excess of the £30,000-50,000 estimate and setting a record for an aboriginal sculpture at auction.

sothebys-aboriginal-916

More from Art Market Monitor

  • Unanswered Polaroid QuestionsUnanswered Polaroid Questions
  • The Warhol Foundations TricksThe Warhol Foundations Tricks
  • Christie’s to Sell 109 Arte Povera Works in Single Owner SaleChristie’s to Sell 109 Arte Povera Works in Single Owner Sale
  • Christie’s Hong Kong ‘The Pioneers’ = HK$377.4m ($48.66m)Christie’s Hong Kong ‘The Pioneers’ = HK$377.4m ($48.66m)
  • Christie’s Eyes Wide Open = £38.4mChristie’s Eyes Wide Open = £38.4m
  • MoMA acquires László Moholy-Nagy’s “EM 1 (Telephone Picture)”MoMA acquires László Moholy-Nagy’s “EM 1 (Telephone Picture)”

Filed Under: General

About Marion Maneker

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

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Christie's Announces $70m Picasso Self Portrait
  • How to Chant Like an Auctioneer
  • Basquiat's Last Girlfriend
  • Mark Rothko, Tamara de Lempicka, Mickalene Thomas to Star in Phillips London Evening Sale
  • 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