SOTHEBY’S LONDON – AUSTRALIAN ABORIGINAL ART AUCTION
23 September 2016
The recent Aboriginal Art auction at Sotheby’s London was an excellent opportunity to witness the strength of the international market for contemporary indigenous Australian art. The auction sale showed several works that sold for well above their estimates, including a new record for the highest price paid for a work by a living artist. This record was broken by Lot 60, Michael Nelson Tjakamarra’s iconic work from 1984, ‘Five Stories’, which sold for £401,000.
Another impressive result, for a more contemporary work from 2007, was Warlimpirrnga Tjapaltjarri’s stunning large-scale canvas, which reached £167,000 (see left image above).
This level of prices achieved in the September 2016 Sotheby’s auction is a strong indication of the potential increase in value when purchasing the finest examples of contemporary Australian Aboriginal painting.
Take a look at a work available from JGM ART London by Brandy Tjungurrayi (right side of top image) - a similar approach to painting but a massively different price tag - £8500!
The fact that several contemporary paintings from this auction were unsold further illustrates the complexity of the market for aboriginal art. Established, knowledgeable dealers can help you find the best work at the right price. Jennifer Guerrini Maraldi at JGM ART London will connect collectors to the finest artwork available today, and who knows how much it might be worth in a the years ahead!