Bonham’s Fail in Bid to Fire Up Aboriginal Art World
It was expected to ignite collector interest, but Bonham’s first Aboriginal art auction on June 28th disappointed an almost all counts. Specialists Francesca Cavazzini, Greer Adams and Tim Klingender had more than a year to prepare for the launch of their new department. Yet they offered an underwhelming catalogue that was overburdened with uninspiring and recycled works. The new Bonham’s Australia Chairman, Mark Frazer, delivered the sale to a room of just 60 people. By night’s end they had achieved $893,820 including BP. Not one painting sold for more than $100,000 though 5 sold between $60,000 and $81,600. The final result? – just 42% by value and 47% by volume.
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