• Art, sculpture and artefacts created by the most important Australian Aboriginal artists from the 19th century to the present.
• Low buyers premium (Half that of the traditional auction house). No hidden costs.
• Unparalleled independent expert advice, certified authenticity, clear safe provenance, excellent service.
Backed Up With:
• Authoritative profiles on the most important 200 Aboriginal artists of all time
• In-depth market analysis for works by each artist
• Statistics and graphs based on verifiable auction results since 1980
• Images and specifications for artworks that have achieved the 10 highest sales for each artist
• Regular Aboriginal art market updates and alerts
This information we provide is designed to be an invaluable resource for art consultants, valuers, and industry professionals and to serve the interests of artists, galleries, institutions, art centres, collectors and researchers.
The site is freely accessible to galleries, art consultants, auction houses, libraries, collection managers and individual collectors. It is user friendly, with free registration.
Content can, however, be purchased in a downloadable format on a one off basis or a yearly subscription. Subscribers can also follow the latest Indigenous art market news through regular articles that follow important market events. Regular updates are announced via e-mail, facebook, twitter, and youtube.
Who is behind the CooeeArt MarketPlace?
The Australian Art Sales Digest is the foremost information source for secondary market art prices and news. First published in print in 1995, and followed by an online version in 1998, its database now contains records of over 450,000 works by more than 40,000 artists offered for sale in Australia and New Zealand from 1969 to the present day.
The Australian Art Sales Digest is an indispensable tool for valuers, art consultants, auctioneers, public and private galleries and collectors. Sales records for individual artists are supplemented by segmental and overall market statistics, and art market news and opinion written by art market professionals.
How are artists ranked on this site?
Each artist is rated and then ranked according to their yearly Australian Indigenous Art Market Index [see How is the AIAM index is calculated below]. The statistics used to calculate this index are based on the verifiable results of their artworks offered each year at public auction.
This site calculates an AIAM index for every one of the most successful 500 artists each year. The yearly AIAM index for each individual artist is used to rank them on a yearly and overall career basis.
On this site, you can look up where any individual artist ranked amongst the top 200 in any particular year since 2000, or where they rank overall. These results are presented graphically along with their average prices and success rate ( ie. sold works expressed as a percentage of the total number of works offered). This information is presented for each individual artist amongst the top 200.
What is the Yearly AIAM100 index?
Each year the total that results by adding the individual index for each of the top 100 artists provides a measure of the health of the market overall in much the same way as the NASDAQ or All Ordinaries Index is a measure of the health of the Stock Market. This has been graphically represented since the market as a whole since 2000 and indicates the fluctuations in the historic and on-going health of the Australia Indigenous Art Market.
Detailed profiles provide information on the background of each artist. Where they lived, who the artist worked with and how their art found its way into the market. These profiles have been written by Adrian Newstead and Sophie Pierce. Wherever possible all source references have been credited. However these profiles contain a great deal of hitherto unpublished material based on Adrian Newstead’s 40 years experience in the field and the art market. The copyright of this original material belongs to Adrian Newstead and Aymkeesh P/L and is not to be re-published without permission.
The market analysis for each artist on this site has been written by Adrian Newstead. Information on secondary market sales is based on publicly verifiable auction results as published on the Australian Art Sales Digest as well as private research undertaken for this purpose. The analysis includes information on the art market’s preference for different styles and periods of an artist’s work, and the performance of their works at auction over time.
Sales results are presented graphically and the ten highest results for each artist are presented visually with details of the sales, dates and prices achieved.
How is the AIAM100 index calculated?
The most successful 200 individual living and deceased Aboriginal and Torres Strait Islander artists are ranked annually according to secondary market performance indicators. Their AIAM Rating is calculated according to a formula devised by Adrian Newstead in consultation with John Furphy of the Australian Art Sales Digest and advice from the arts economist Dr. Jon Stanford.
An individual artist’s AIAM Rating is calculated on both a yearly basis an accumulates throughout each year that their works appear for sale. It is based on the total value of all off their artworks sold at public auctions, their clearance (success) rate (the number of artworks sold divided by the number that were offered), and their average price. Each of these factors is weighted according to the following formula:
AIAM Rating = Success Rate + Profligacy Index + Unit Value
Success Rate = Total Sales ($AUDmillions) x Clearance Rate
Profligacy Index = Number of Works Offered / 100
Unit Value = Average Price / 10,000
These arise when artists have too few sales records or they have so many sales over such a long period that their low average prices skew results. For example: Arnhem Land artist Pankalyirri’s one and only work ever offered achieved a result of $94,500, giving him a huge average price and a 100% clearance rate. At the other end of the spectrum several Hermannsburg painters have had up to 800 works offered yet their average prices are well below $500. In order to overcome these distortions and flatten out the results statistically the following adjustments have been made.
To be automatically eligible for inclusion in the top 100 artists:
• an artist’s average price must be greater than a threshold. The threshold increases each year, based on the health of the market. This value was around $1000 in 2008 and $1500 in 2015.
• the number of works offered must be equal to or exceed 20
The AIAM rating for artists with less than a minimum of 20 works offered is adjusted by a factor equal to the total number of works offered divided by 20. Similarly if the average price is lower than the threshold, it also is adjusted by a factor equal to the average price divided by the threshold, thus a gradual rise towards parity.
Due to the increase in the average price threshold each year an artist’s cumulative result may actually decrease. In these very rare cases, an artist’s AIAM rating may be negative during that year.