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RECENT RESULTS OF AUSTRALIAN PAINTINGS AUCTION

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On the international stage, Christie’s major sale of postwar and contemporary art at Rockefeller Center in New York scored $318.4 million on Tuesday evening, 10th May. The most expensive lot of the night was a large Untitled canvas by Jean-Michel Basquiat, dating from 1982 The final price was $57.3 million, a new record for the artist at auction. Full Results

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The Denis Savill Collection of Australian Art went under the hammer by Sotheby’s Australia on Tuesday evening followed by the Australian & International Art sale the following night. Savill’s collection was not exactly “fresh”. Around 90% of the works had been to auction over the last 20 years with many exposed in the past two years. The most successful lots were Sidney Nolan’s River-Bank 1964 (Lot 40 ) which sold for $1...

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