News

posted 26 May 2022

Matthew Westwood, The Australian, 26 May 2022 In the late 1980s, art experts Joseph Brown and Bernard Smith made a call on the ACTU and managed to convince a building union superannuation fund that it should invest in Australian art. The Cbus Collection of Australian Art, as it came to be known, started with an investment of $2m and now includes about 300 works by many well-known names, including...

posted 25 May 2022

Gabriella Coslovich, Australian Financial Review, 25 May 2022 It’s shaping up as the year that major corporations “let go” of their multimillion-dollar art collections as they reshuffle their priorities. Just months after National Australia Bank put its $10 million cache of art on the market, superannuation fund Cbus has announced it, too, will divest itself of its entire art collection in a sale...

posted 11 May 2022

Gabriella Coslovich, Australian Financial Review, 11 May 2022 If any more proof were needed that the pandemic has overhauled the way auctioneers do business, we had it last week when a record was set in Sydney for a New Zealand artist few Australians had heard of. With the surge in internet bidding, auctions are increasingly global, meaning that a painting for sale in Australia can attract the...

posted 6 May 2022

Hawke's Bay Today, 6 May 2022 A painting by Rita Angus has sold in Australia for what is believed to be a record price for the Hawke's Bay artist. The untitled painting of a rural Hawke's Bay scene was expected to fetch $380,000 to $480,000 on Wednesday night but sold for almost double that. The 55.5cm x 75.5cm oil on board was auctioned by Australian fine art auction house Deutscher and Hackett...

posted 27 April 2022

Gabriella Coslovich, Australian Financial Review, 27 April 2022 A major John Brack painting from the collection of the late philanthropists Sir James and Lady (Sheila) Cruthers is the headline work in Deutscher and Hackett’s May auction, which goes on view in Sydney on Thursday. The still-life painting, Knives and Forks, 1958, has an estimate of $400,000 to $600,000, and is a precursor of the...