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Art sale records keep tumbling as collectors spend up

Gabriella Coslovich

The auction year is drawing to a close but there’s no stopping keen collectors who are spending big on quality works and toppling auction records. Four new records were set for artists ranging from the contemporary to the historic at Smith & Singer’s last art auction of the year. New highs were posted for Del Kathryn Barton, Albert Namatjira, Julie Rrap and Gertrude Fenton. For auction house chairman Geoffrey Smith, the greatest thrill was the record achieved for Namatjira, double the artist’s previous hammer record that Smith set in 2016 at Sotheby’s Australia. Namatjira’s watercolour on paper, Waters of the Finke, created in 1958, a year before his death, sold for $200,000 (hammer), five times its low estimate of $40,000.

Albert Namatjira, Waters of the Finke, 1958, set a record for the artist, selling for $200,000 (hammer), five times its low estimate of $40,000, at Smith and Singer last Wednesday night in Sydney.  

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Gabriella Coslovich is an arts journalist with more than 20 years’ experience, including 15 at The Age, where she was a senior arts writer. Her book, Whiteley on Trial, on Australia’s most audacious of alleged art fraud, won a Walkley in 2018.

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    Original URL: https://www.afr.com/life-and-luxury/arts-and-culture/art-sale-records-keep-tumbling-as-collectors-spend-up-20221123-p5c0m3