For your delectation, below is the opening passage to an article I wrote for Australian Art Sales Digest, and a link to the full thing if you’re interested. Enjoy.
There’s no avoiding the fact that the auction trade in Aboriginal art is not looking great. A clearance rate of 48% is pretty bleak news in anyone’s language. Predictably, Sotheby’s October auction of Important Aboriginal Art generated another round of lamentation about the parlous state of the market. But how does it stack up against the market as a whole? Are things as bad as they seem?… Read more at Australian Art Sales Digest