The Australian Financial Review alerts us to the fact that the Australian art market has had a big year so far and could potentially have a year that breaks the market out of its decade of torpor. Just shy of A$50m so far this year, the market is having its best year since the extraordinary 2008 which was at A$55m at the same time.
If the trend continues, it seems the Australian art market as a whole is set to break out of the $100 million to $110 million total annual tally at which it has largely languished since the boom year of 2007 – before the global financial crisis struck home.
Australian art market gets fired up as auction records fall (afr.com)
