27 AUGUST AUCTION RESULTS

Reading Time: < 1 minute

Menzies’ mid-year auction of Important Australian and International Art achieved remarkable results, with an impressive 92.3% sold by volume and 141.6% sold by value, representing a total of $3,802,582. The sale enjoyed a momentous beginning with lot 1, Fairies and Water Lilies by Ida Rentoul Outhwaite achieving an auction record for the artist of $51,545 (including buyer’s premium). The historic results continued with stellar auction debuts for Gaypalani Wanambi and Tennant Creek Brio and a new high-water mark set for Adam Cullen, with Outside Glenrowan selling for $104,318 (including buyer’s premium) against pre-sale estimates of $50,000 – 70,000.

Major highlights include John Olsen’s Wattle and the Chasing Bird Landscape selling for $233,182 (including buyer’s premium) and Bronwyn Oliver’s Horn 1992 for $270,000 (including buyer’s premium).

Enthusiastic bidding in the saleroom and via the telephone saw Albert Namatjira’s rare watercolour on beanwood painting soar past its estimate range of $30,000 – 50,000, eventually hammering for an incredible $135,000 (including buyer’s premium). International bidding via the internet demonstrated a similar fervour for Sally Gabori’s My Country which doubled its low estimate selling for $85,909 (including buyer’s premium).

View the Full Catalog on Invaluable