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1.Market Observations, 8.Was Sticky

11 May 2017 (AFR) – Australian art market gets fired up as auction records fall

(11 May 2017, AFR, p24, by Peter Fish)

‘The mood in the art market is reviving after almost a decade of flatlining annual sales. Evidence of increased dealer activity on behalf of private clients is mounting amid improving sentiment and the evidence of several successful sales this year – culminating in last week’s Sotheby’s Australia sale, where numerous works realised way above expectations. A new mood of optimism prevailed at the weekend’s auction viewings in Sydney, where two of the major operators – Deutscher and Hackett, and Menzies – were airing their wares for upcoming sales.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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