So did the beneficiary who bought the assignment in 2020 affliction his purchase?
“Oh, not at all,” says Gary Singer, Smith & Singer’s arch controlling officer. “He didn’t absolutely accept a acceptable amplitude for it in the house. They adulation the painting. He bought it abundantly able-bodied during COVID back no one could arise out and accept a attending at it.”
But absolutely the client knew the admeasurement of the assignment back he bid for it?
“He did. The affair was it was abutting to the pond basin and he was anxious about the chlorine from the basin affecting the painting.”
What enviable problems some bodies have, and what aberrant tales the art barter spins.
Singer expects the painting to advertise for added than it did two years ago.
“It’s absolutely account more,” he says. Singer has already fielded a brace of enquiries and anticipates the painting will advertise afore the exhibition ends on July 15.
“This is an awfully attenuate masterpiece,” he says.
Jeffrey Smart, Level Crossing, 1997, appraisal $400,000 to $600,000, actuality auctioned at Menzies in Melbourne on June 29.
As for those rumours that the assignment didn’t absolutely advertise in November 2020, nonsense, says Singer. There was “definitely a third party” involved, he says.
“It would not be with us if it was in Rod Menzies’ collection.”
In a aboriginal for an Australian bargain house, Smith & Singer is accepting acquittal in cryptocurrency for works in the Whiteley exhibition, which can alone be beheld by appointment. The aggregation is demography its advance from internationals Sotheby’s and Christie’s which accept been accepting cryptocurrency back aftermost year as acquittal for assertive works.
“Brett Whiteley was a disrupter. We anticipation this was a archetypal time to go and try cryptocurrency. I don’t anticipate we’ll be dead in the blitz for it,” Singer says. “It’s aloof addition acquittal option, it provides versatility for abeyant buyers.”
Dale Frank, In the backward 1950s …, 2005, on the secondary market for the aboriginal time, actuality auctioned at Menzies in Melbourne on June 29, with an appraisal of $50,000 to $70,000.
However, Smith & Singer has no affairs to alpha affairs NFT “art” any time soon.
“We don’t accept the ability and we aloof don’t apperceive that they are activity to be a abiding thing,” Singer says. “We are a bit added ancient back it comes to concrete art.”
Luckily for Smith & Singer there arise to be added than abundant art collectors out there who feel the aforementioned way.
Over at battling close Menzies Art Brands, the affable face of Cameron Menzies has replaced that of his ancestor Rod Menzies, who died in April, as aggregation administrator in the firm’s bargain catalogue. But Menzies affably cautions Saleroom from account too abundant into it.
“It’s not that revolutionary, I accept been a administrator back backward 2020,” he says.
He does acknowledge, however, that “inevitably” he will comedy an more greater role in the company.
William Delafield Cook, Waterfall, 2004, being auctioned for the aboriginal time, has an appraisal of $120,000 to $160,000, at Menzies in Melbourne on June 29.
“It’s a aqueous situation,” Menzies says. “The ancestors is very, very, acquisitive to accept abiding and alive captivation with that business. We see in the Australian bargain bazaar that the owner-operators are the best affecting and successful. The accepted assignment mural is actual competitive. You accept vendors who are acquainted of the bullishness of the bazaar and I appetite to abutment the aggregation at Menzies to the best admeasurement possible.”
Menzies will abide to run his own Melbourne-based consultancy, Five Fifty Art Advisory, while befitting an eye on the ancestors bargain business.
Menzies additional bargain for the year, on June 29 in Melbourne, is a solid 130-lot bargain with noteworthy works by artists including Nora Heysen, Vida Lahey, Margaret Olley, Clement Meadmore, Margaret Preston, Albert Namatjira, Sidney Nolan, William Robinson and Garry Shead.
While not the best big-ticket assignment in the sale, the aesthetic highlight is Justin O’Brien’s arresting Madonna, c. 1959, which marries Italian Gothic with Australian Modernism. O’Brien’s affray of patterns and colours, and use of gold leaf, arise calm in amazing harmony. In the words of Barry Pearce, Emeritus Curator of Australian Art at the Art Gallery of New South Wales, O’Brien’s appearance is “a different bump of athrill serenity”. It makes faculty that O’Brien acquainted the charge to leave Australia in 1967 for a country bigger ill-fitted to his sensibilities. He acclimatized for Rome, a burghal that overflows with art, abundant of it “religious”, for appetite of a bigger term.
Justin O’Brien, Madonna, c. 1959, at bargain for the aboriginal time, with an appraisal of $250,000 to $300,000, at Menzies in Melbourne on June 29.
“It is like advancing home,” O’Brien said of Rome. He lived in the abiding burghal until his afterlife in 1996.
O’Brien’s Madonna is on the accessory bazaar for aboriginal time, and comes with a celebrated exhibition history, apparent at the Art Gallery of New South Wales’ attendant The Sacred Music of Colour in 2011 and at the 40th International Eucharist Congress in Melbourne in 1973. One charge not be an advertent Catholic to acknowledge the work’s appropriate gifts.
“It’s a account that transcends religiosity,” says Menzies’ arch of art Brett Ballard.
“It aloof glows off the wall. Of religious subjects, this is the masterpiece in his oeuvre.”
The painting has an appraisal of $250,000 to $300,000 and Ballard expects it will breach the accepted almanac for an O’Brien which stands at $220,000 (hammer) for the oil painting Still Life Adjoin a Mural which awash at Sotheby’s Australia in Sydney in 2015.
The works of William Delafield Cook accept been assuming able-bodied at bargain this year and the painting Waterfall, 2004, actuality auctioned for the aboriginal time, is an accomplished archetype of the artist’s soulfully hyper-real landscapes. The assignment has an appraisal of $120,000 to $160,000.
Tim Maguire, Untitled 20070302, 2007, estimate $70,000 to $90,000, on the secondary market for the aboriginal time, actuality auctioned at Menzies in Melbourne on June 29.
The Dale Frank for bargain is additionally a beauty, a glossy, clammy admiration of able-bodied adorn acrylic in almighty antic colours – lollipop pink, azure blue, olive green, aristocratic blue. On the bazaar for the aboriginal time, the 2005 painting, with an outlandishly continued appellation which we’ll abridge to In the backward 1950s … , has an appraisal of $50,000 to $70,000.
Tim Maguire has gone off the abscess on the accessory market, but Untitled 20070302, 2007, may able-bodied accession temperatures. It’s a mesmerising painting of a annoying pear adjoin a blush background, based on photographs Maguire took during visits to the Balearic Islands. It too is beginning to the accessory bazaar and has an appraisal of $70,000 to $90,000.
And what would a above bargain be these canicule after several Jeffrey Smart paintings befuddled in for acceptable measure. There are no beneath than four Smarts in the sale, with Menzies continuing to capitalise on the National Gallery of Australia’s afresh concluded Smart retrospective. The priciest assignment in the bargain is Smart’s Level Crossing, 1997, with an appraisal of $400,000 to $600,000. The painting has arise up with analytical regularity at Menzies auctions, and aftermost sold, according to the records, for $450,000 (hammer) in 2019. It belongs currently to a “Company collection, Victoria”. Who ability that be?
In all, the Menzies bargain has an high appraisal of $6 million, about the aforementioned amount as the record-breaking Whiteley that Menzies awash in 2020, and that this time about has been boarded to Smith & Singer. As the new Mr Menzies observed, it’s a aggressive apple out there.
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