With a solid viewing and a clearance rate of 75% by volume and 72% by value the Spring 2008 auction was successful and saw GFL create another Australian record for a watercolour. This time it was for a work by Ernest D Stocks and was an 1898 picture of Fremantle. It was competitively bid to $19,000* and has found a new home in a local private collection. The picture was a contemporary eye-witness account of the activity surrounding the Fremantle Harbour during the early years of the gold rush.
"another Australian record for a watercolour"
“It’s the image that matters” said Patricia Flanagan director of GFL “when a subject matter as topical as this shows up – pricing precedence goes out the door, what has been paid before is not relevant.“ Works like these do not show up every day and where the next will come from is any ones guess” she added.
Lot 46 Clifton Ernest Pugh "Sea Front Broome 1964" sold for $48,000* |
This is the second early work of Fremantle GFL have offered in recent sales with the 1860’s Panorama of Fremantle from the South selling for the hammer price of $30,000* in the Autumn 2008 auction. At that time the painter was unknown, however it is now believed it could be the work of William Wright a convict whom arrived in Fremantle in 1851 on the Pyrenees. Further investigation surrounding Wright is being undertaken before a formal attribution can be given.
Top price of the evening was $48,000* for Clifton Pugh’s important work Sea Front Broome, painted in 1964 before Broome became a popular tourist destination. Other works to sell well on the evening included William Boissevain’s “Ballerina” for $6,200* – George Haynes pivotal work “Aloha” for $16,000* and Robert Juniper’s two pieces “To the Waterhole” and “The Big Men Fly” for $22,000* and $19,000* respectively. The colonial work of St Leonards homestead was bid to $18,000* on the night, which was not quite to reserve and negotiations are continuing with the highest bidder. Details of prices paid and bids received including after sales are now available on the web site.
Lot 38 George Haynes "Aloha" sold for $16,000* |
The auction basically went as we expected, with the demand for the new collector items softening in price, and for the first time in a number of years, works by David Boyd, Pro Hart, Ray Crooke and Max Mannix were passed in. “When the market softens, this is generally the area to be hit first” said Glen Mileham auction coordinator “the interstate dealers that operate in this area were not very active this time. “They will be drawing on their existing stocks and probably wont return to the market to replenish until mid 2009. “It was strange not to see a forest of hands bidding on these works as has happened in previous sales” he said.
"new collector items softening in price"
Auctioneer Ian Flanagan said “the crowd was different and many of our clients that we haven’t seen for a while, made a welcome return. “ They obviously had and eye to a bargain. “These people are sophisticated collectors and took advantage of reduced reserves and estimates applicable to many of the works. “Howard Arkley’s Arrows and Elwyn Lynn’s Nike are just a couple of the important pieces that found new homes at prices less than the estimate. “As with all the good works to sell for less than expected there was a lot of non-buyers remorse the following day as the phone rang hot with inquiries about different lots.”
Lot 51 Robert Juniper "The Big Men Fly" sold for $19,000* |
"...had and eye to a bargain"
There was solid bidding on, and above estimate prices were paid for pieces by Mac Betts; Miriam Stannage; Elise Bluuman and Nigel Hewitt. Outside of institutions works by these painters are not well known in other Australian states, which all confirms that with the exception of a few painters, the modern and contemporary Australian art market is regional. William Boissevain’s early work of Poppies was popular and was bid to $13,500*, a price that would be improbable in any other area in Australia.
*Prices do not include 16.5% buyers premium