Bonhams sets records with Laverty Collection sale - Art Collector

L-R: Ildiko Kovacs, Boot, 2004, and Doreen Reid Nakamarra, Untitled (Rockhole Site of Marrapinti), 2006.

27 March 2013 | On Sunday 24 March Bonhams put the Laverty Collection sale under the hammer. The collection, Australia’s most valuable sale of a single collection of Indigenous and non-Indigenous art, had toured London and New York before it was auctioned at the Museum of Contemporary Art in Sydney on the weekend.

Bonhams reported the auction total as $5.05 million, which they stated makes it the most successful sale of a single-owner contemporary art collection in Australia. There were 266 works on offer and 87% of them were sold, with the clearance by value rate of 84%.

The first artist record for the day was set half an hour into the five hour auction, for Peter Upward's 1962 work
October Still. Ildiko Kovac's Boot, pictured above left, and Doreen Reid Nakamarra's Untitled (Rockhole Site of Marrapinti), pictured above right, also set artist records. Other major records were set for Aida Tomescu, John Mawurndjul, Mick Namarari Tjapltjarri, Dick Watkins, Paji Honeychild Yankarr and Jan Billycan.

Mark Fraser, chairman of Bonhams in Australia, said that the outstanding success of the Laverty auction proves that exceptional collections continue to get results.

Alexandra Djurichkovic

Related stories:

Back to art news >

Share this page: