The First Art Newspaper on the Net   Established in 1996 United States Thursday, December 14, 2017


Aboriginal masterpiece by Emily Kame Kngwarreye sells for £1.2 million
Founder and Chairman, Fine Art Bourse, Tim Goodman with Adrian Newstead and Kathleen Roberts of CooeeArt Marketplace at the auction.


SYDNEY.- One of Australia’s most famous contemporary paintings, Earth’s Creation I by the late Emily Kame Kngwarreye, has sold at Fine Art Bourse auctions for £1.2m, AUD$2.1M (including 5% buyer’s premium) breaking its own record for the highest price achieved at auction for an Australian female artist.

Fine Art Bourse (F.A.B.) and CooeeArt Marketplace, the newly formed auction house partnership behind the auction, revealed that it was acquired by Tim Olsen who has recently established a gallery in New York on behalf of a client.

F.A.B auctioneer, Tim Goodman, said: “This has been an extraordinary journey. The brokering if this stunning painting with my colleagues at Cooee has been one of the highlights of my forty year career in the auction industry. This sale will go a long way to breathing life back into the Aboriginal art market. Aboriginal art is back!”

The auction was originally launched on Tuesday evening at Chifley Tower, in the center of the financial district of Sydney. However, the auction was postponed due to a server overload due to either the thousands of people logging on simultaneously to watch the auction online or as a result of a cyberattack. An investigation is underway.

The auction was rescheduled and the venue moved to the Oxford Street Paddington premises of Cooee Art Australia’s oldest aboriginal art gallery. Earth’s Creation 1 has broken the auction record for any Australian Female artist, a record it had itself set in 2007 when it sold at an auction for AUD$1,050,000. More remarkably it has now broken the world auction record for an Aboriginal artist, previously set by Clifford Possum’s Going, going, gone for AUD$2.4m on July 24 2007.

Having been shown at the QAG, AGNSW, NGV, NMA, AGSA, National Gallery Japan, National Museum of Osaka and the Venice Biennale, Earth’s Creation I has the most impressive exhibition history of any Australian contemporary painting.

Adrian Newstead said. “This may be the last time an indigenous painting of this calibre will appear at auction for a very long time if ever. It has been granted an export permit and we are delighted that it will go to a place where it can be appreciated by Australian and International audiences and enhance the standing and reputation of the entire Aboriginal arts, community and culture.”

Other notable works sold at the hammer price included Lot 14, an untitled work from Jan Billycan, which sold for AUD$4,500, Lot 1, a much admired work by Minnie Pwerle, which sold for AUD$6,000, and lot 32 Yala Yala Gibbs Tjungurrayi, which sold for AUD$8,000. The auction featuring a total of 84 paintings by Australia’s greatest Aboriginal artists from private collections from the around the world. The sale generated a sell rate of 75% value and 70% by volume.





Today's News

November 17, 2017

Exhibition brings together the largest group of original drawings by Michelangelo

Bacon portrait of Freud to be shown for the first time since 1965

Rubens' daughter comes to the Scottish National Gallery

Eli Wilner and Company brings their restoration studio to the AIG Private Client Group Exhibitor Showcase

Pricing the priceless: the $450mn Da Vinci record

The largest mammoth skeleton in private hands to be offered at Aguttes

Washington's Bible museum aims to skirt the political weeds

Met Museum receives $80 million gift from the Irving Family

Cincinnati Art Museum commemorates 500 years since the Reformation with Dürer exhibition

North Carolina Museum of Art Director Lawrence J. Wheeler announces retirement

Secret Holocaust-era archive on display in Poland

Sotheby's Impressionist & Modern Art Day Sale totals $41.3 million

China's futuristic library: More fiction than books

Dutch woman with a trumpet taking Colombian salsa by storm

Nepal's musicians retune to tradition

Frederik Meijer Gardens & Sculpture Park breaks ground on $115 million expansion project

Three Bugatti bronzes and a Torsade table by Giacometti highlight Artcurial Art Deco sale

Exhibition of large-scale photographs by Michael Eastman opens at Edwynn Houk Gallery

The Rockwell Museum unveils new Haudenosaunee (Iroquois) Gallery

A journey of transforming video games into art

Exhibition of art created by or about Oklahomans opens at the Oklahoma City Museum of Art

Aboriginal masterpiece by Emily Kame Kngwarreye sells for £1.2 million

Three significant large scale paintings by Alex Katz on view at Peter Blum Gallery's new downtown location

Scored by history, overhauled Algiers mosque to reopen

Fiumano Projects and Orion Contemporary merge to become Fiumano Clase

Most Popular Last Seven Days



1.- A petition decries 'suggestive' painting at New York's Met

2.- Leonardo Da Vinci sold for $450 million is headed to Louvre Abu Dhabi: Official

3.- Desperately seeking this Frida Kahlo painting. Last seen in Poland

4.- Lubaina Himid becomes oldest winner of United Kingdom's Turner Prize

5.- Two Gustav Klimt masterpieces on loan to the National Gallery of Canada

6.- Frick makes its most significant painting purchase in nearly 30 years

7.- Met Opera suspends Levine after sex abuse allegations

8.- Louvre launches appeal to acquire King François I's Book of Hours

9.- Smart-Guard, a new way to pack, ship and store fine art

10.- Save Venice Inc. restores Titian's Madonna di Ca' Pesaro



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez


Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful