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Aboriginal art auction breaks new records Thursday, 3 April 2008 SYDNEY Issue 150, April 3, 2008: Aboriginal art up for auction in Sydney has attracted strong interest and set record prices. Some 120 works went under the hammer last month for the Lawson-Menzies auction, many of which were post-1980 Aboriginal works. A spokeswoman for auction house Lawson-Menzies said a clearance rate of 80 per cent showed the works were popular with investors. "This has been a very strong night for the sale of Aboriginal art," she said. "Sale prices broke records for three Aboriginal artists." A polymer paint on linen work by Judy Watson Napangardi, titled Women's Dreaming, sold for $216,000 including a 20 per cent buyer's premium. Another synthetic polymer paint on linen piece, Kutungka Napanangka at Papunga, by Walangkura Napanangka, sold for $52,800 including buyer's premium. The third record-breaking price was achieved by a Robert Campbell Junior canvas titled Ash Wednesday. It sold for $21,600 including buyer's premium. Information about buyers was not available immediately after the auction, however the spokeswoman said the sale was expected to "attract younger investors and those wanting to purchase museum-quality Aboriginal art". - AAP Printer Friendly Version  Email Story to a Friend Submit Letter to Editor * A NOTE TO OUR ONLINE READERS: The multi-award winning National Indigenous Times is an independent newspaper and receives no government funding whatsoever. Our print edition is published every fortnight, but because of the public interest nature of our reporting, we ensure all of our stories are available online at no cost. Thus, we rely entirely on advertising and subscriptions to survive, and hope you'll consider subscribing to NIT's print edition to help us continue our work, or even just browse our Online Shop.

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