Anita Archer Fine Art
Independent art advisory service assisting private and corporate clients with the purchase, sale and valuation of Australian and international art. Member of ACAA.
Monday, 6 February 2012
The Australian art market and many art collectors are reeling at the news that a recommendation has been made to the government to bar self-managed super funds (SMSFs) from purchasing artworks. This was detailed in the final preliminary report of the Cooper Review which was asked by the Federal Government to examine and analyse the governance, efficiency, structure and operation of Australia's superannuation system.
The Art Gallery of New South Wales has been revealed as the purchaser of Australia's most expensive painting sold at auction, Sidney Nolan's First Class Marksman. The painting was knocked down to a telephone bidder on Thursday night - 25th March - at the Menzies Art Brands auction for a hammer price of Aus$4.5 million ($5.4 million including buyer's premium) against an estimate of $3 - 5 million.Blog
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