Announcing the Cooee Art MarketPlace 2018 Autumn Auction
Dear Clients and Friends,
In November 2017, Cooee launched its new auction wing, the Art MarketPlace, with an auction that achieved a success rate of 78% for a sales total of $2,709,506.
This result more than vindicated the decade we have spent building the online resources to underpin auctions specialising in the Indigenous art of Australia and Oceania – resources that are available on our website free of charge to both potential buyers and sellers.
The sale highlight, Emily Kngwarreye’s international art sensation Earth’s Creation I, (275 x 632 cm) sold for $2,1 million. New secondary market records were set for 19 individual artists, including many up-and-coming artists from the APY Lands.
I am now delighted to announce that we have consigned a fine selection of artefacts, sculptures, paintings, and prints for our first sale of 2018, which will be held on May 29th. The sale will comprise approximately 100 pieces worth a total of at least $1 million.
Information on many of these pieces will be released in newsletters that you will receive electronically every two weeks in the lead up to the sale. Included will be links to an on-going series I have written about buying and selling art, with a special emphasis on collecting fine examples from the oldest living culture in the world.
I welcome feedback and will be most pleased to receive correspondence.
With my very best wishes,
Easter Opening Hours
Cooee Art Gallery Bondi Beach and Paddington will be closed over the Easter break and back open on Tuesday the 3rd of April. Have a great and safe long weekend.
Winter Opening Hours
Bondi and Paddington Galleries - Tuesday - Saturday 10am till 5pm
Read the latest issue of the How to Collect Aboriginal Art Online Series
Author: Adrian Newstead Issue: 1
On a red hot day, in the summer of 2008, I sat down in my rainforest retreat near Byron Bay, on the east coast of Australia, and began writing about my experiences during 40 years in the commercial art market. I had opened my first art gallery in 1977, had been the Managing Director of Australia’s largest fine art auction house for a number of years, and was by then an independent art consultant and the owner of Australia’s oldest Aboriginal art gallery.
During the following year, the global financial crisis hit and the great international art bubble burst. Collectors watched in dismay as the value of their art and antiques dropped by up to 40%. It seemed like a catastrophe, but it was really just a hiccup. It has happened many times before, but those who were closely affected naturally couldn’t see it that way. In the long term, the market for collectables continues to go from strength to strength.
Over the next six years I wrote one million words about how the art market works and three separate projects emerged.
The first was a website, devoted to the art of the 200 most important artists of the Australian Aboriginal art movement. It examines, in depth, the lives of these artists and the most important works that they created, along with an analysis of the performance of their artworks at auction. The market statistics provided are dynamic, updated instantly from auction results as listed by the influential Australian Art Sales Digest.
The second project was a book relating my own experiences and the story of the modern Aboriginal art movement, the most exciting and transcendent chapter in the recent Australian art history. It tells how, within the space of just 40 years, indigenous artists transformed the perception of their culture from something of strictly ethnographic interest into one of the great internationally acclaimed contemporary art movements of all time. The book is called The Dealer is the Devil and you can read more about that here.
The blog that follows is the third and final project. It will be posted fortnightly here in this section entitled 'How to Collect Aboriginal Art'. You can sign up to the marketplace mailing list to receive the latest instalment into your inbox. It provides a detailed account of how the art market works. How to buy and sell art, and how to be a winner. Although the specific examples used throughout the text relate to Australian Aboriginal Art, the vital information imparted is universally true of the market for every asset class and style of art, antiques and collectables in every country of the world.
If you are interested in collecting absolutely anything, from souvenir spoons to vintage cars, from rare books to OpArt, you will find the information in this book invaluable. In fact, it could well be the most important publication to guide and accompany you on your path as a collector.
I wish you happy and successful collecting.
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Coo-ee ArtBondi Beach 31 Lamrock Ave (cnr Chambers Ave), Bondi Beach 2026 NSW AUSTRALIA Opening Hours: 10am - 5pm Tuesday to Saturday p: 61.2.93009233 Paddington 326 Oxford Street Paddington 2021 NSW AUSTRALIA p. +61.2.8057 6789 Opening Hours: 10am - 5pm Tuesday to Saturday e: firstname.lastname@example.org www.cooeeart.com.au Actively promoting Indigenous Art since 1981