New to the Australian art auction scene Artmarketspace held its inaugural auction last night and achieved outstanding results:
Total sales including buyer’s premium $450,089.00
Total hammer $371,450.00
Total sold by value 85%
Total sold by lot 90%
Company CEO Lee Steer said:
“We are delighted withthe results from our first auction with a much higher sold rate than we expected. Despite the uncertain times the technology that we have developed over the last 2 years has proven itself invaluable. This auction solution has allowed us to conduct this auction remotely with great success and free of additional charge to our buyers.
Buyers came from around Australia and the US and we are now expecting close to a total sell-out, with the last few works that were unsold at the auction now being snapped up quickly by collectors that missed out at the auction.
We have a very happy vendor with the executors of the Estate of David Boyd and it was very encouraging to see so many buyers keen to buy works by one of Australia’s best known artists David Boyd.
Top Five results:
Lot 22 David Boyd Tall Ships Returning 1988 $31,080.00 inc. BP
Lot 20 David Boyd Mother Beasts attacking $21,960.00 inc. BP
Lot 35 David Boyd Offering of the Cloth of gold $19,520.00 inc. BP
Lot 8 David Boyd Judge Peering at his own reflection, $17,080.00 inc. BP
Lot 11 David Boyd TheIsland, $17,080.00 inc. BP
For further information please contact:
Lee Steer CEO & Co-Founder
Tel: 0414 471 537