 |
IN THIS ISSUE …
IN FOCUS MEDIA VIEW TOP PERFORMERS
MARKET WATCH SMART PORTFOLIO COMING UP |
 |
IN FOCUS
Katy Woodroffe
Hill of the sun
|
|
Dear Subscribers,
Welcome to the July issue of Art Insight.
This month the team at Art Equity await with great excitement the exhibition of new works by one of Australia’s leading contemporary painters, Katy Woodroffe. Hill of the Sun opens at Barrack Gallery on the 20th July and we welcome all our clients to join us to view this extraordinary work. In an art market that has turned the phrase “emerging artist” into a cliché, Woodroffe exemplifies the key strengths that one should look for in an artist termed “emerging”.
With her worldwide collectability, critical acclaim, major awards and traveling scholarships, combined with the pure aesthetic pleasure of her work over her already long career in visual art, I truly recommend Katy as an artist to watch.
This issue also looks at the continued development of indigenous art as a world art phenomenon. The recent opening of a Paris based museum dedicated to artworks and artifacts from indigenous cultures is testament to this. Eight Australian Aboriginal artists were selected and their work dominates the facade of the museum - such is the power of their art. We are delighted to be showing works by one of these leading artists, Ningura Napurrula at our August exhibition titled Woman's Business.
Reports on the international art market performance indicate a continued upward trend with no correction in sight. London recently witnessed a new record for auction sales in one week. Meanwhile across the Atlantic, the record for the highest price ever paid for a painting was smashed.
The Australian art market historically follows the European and American market trends. That said, we look forward to more record breaking performances in this part of the world!
Ralph Hobbs
Art Director
|
Katy Woodroffe, Songs of the Nightingale: Traces of Magic 4 2006,
Mixed media on paper 145 x 115cm (*Available)
“Though the shadows of these walls have long since gone, the memory of them will live on as the final refuge of dreams and art. And then the last nightingale to breathe on this earth will build its nest and sing its farewell song among the glorious ruins of the Alhambra”. F. Villaespesa, Gate of the Pomegranates, the Alhambra Spain.
Transformed by her encounters with Islamic art and architecture, Tasmanian born Katy Woodroffe has produced an exceptional body of work which seduces and inspires, and which continues her lifelong obsession with pattern and print.
Mesmerizing, hypnotic imagery recalls the awe inspiring Palaces in Udaipur, the Alhambra and the Taj Mahal, where mysterious rooms were frequented only by secluded women. This feminine quality permeates each work, and repeated patterns echo the exotic sensuality of Ancient Islam. Often the figure and ground reverberate, revealing an outline of shapely form, only to recede, hiding the female presence.
|
|
Katy Woodroffe, The Allure of the Orient: Jewels of the Sun 2006,
Mixed media on paper 121 x 121cm (*Available)
|
Working largely with unique state prints, each delicate piece is created through individually painted stencils, laboriously glazed with transparent red oxide. An oxidized red soil covers the “Hill of the Sun” on which the palace sits, and believed to be the origin of the name “Alhambra”, the artist skillfully reproduces this colour in her glaze.
These complex, iconic pieces explore an ongoing personal repertoire of feminist concerns: sexuality, re-generation, isolation. They are intricate reflections on the feminine psyche, as Katy’s journey delves into the female identity- as mother, daughter and goddess. Beyond the alluring surface pattern of her work one glimpses the artist herself, a seductive figure searching for her personal direction and enriched by experiences of the world and its infinite beauty.
Brenda Colahan 2006
Manager Barrack Gallery
Hill of the Sun opens at Barrack Gallery on Thursday 20th July and continues until Friday 4th August 2006.
Click here to view a recent review of Katy Woodroffe's work by Joerg Andersch in The Mercury, 18 February 2006.
|
|
Joy Purvis Petyarre, My Country Mountain Devil Lizard, AEPURJ3306IW,
Acrylic on linen, 157 x 151cm (SOLD)
MEETING of two civilisations . . . French President Jacques Chirac with contemporary Arnhem Land artist John Mawumdjul, as he inaugurates
the Musee du quai Branly, a museum of primitive arts from Africa,
Asia, Oceania and America in Paris
(photo: The Courier Mail)
Brad Munro, Pulsate 2006,
Oil on canvas 105 x 88cm (*Available)
Gustav Klimt's 1907 masterpiece, a portrait of Vienna aristocrat
Adele Bloch-Bauer, was sold to cosmetics magnate
Ronald
S. Lauder for $US135 million
(photo: The New York Times)
|
Media View
As the 10th anniversary of indigenous art auctions looms, there's no doubt that aboriginal art is now the international face of Australian art
"The 1.36 million worth of Aboriginal art sold at auction a decade ago, according to the Australian Art Sales Digest, had grown to $6.4 million by the turn of the millennium"
"...secondary sales are projected to top $15 million by the end of 2006." (Excerpt)
Click here for full article
Katrina Strickland, Australian Financial Review Magazine, June 30, 2006
CULTURE - ART BOOMS
"Britain's art market broke all records with auction houses Sotheby's and Christie's selling pound stg. 260million ($643 million) worth between them."
"Demand has outpaced supply, doubling modern art prices since 1998 and raising contemporary values more than sevenfold since 1985." (Excerpt)
Click here for full article
The Weekend Australian (Features)
1 July 2006
Chirac's distant view
"Displaying Aboriginal art in the centre of Paris will give it the international recognition it deserves, according to the French President."
It was a week like no other for Aboriginal art in Paris. Two exhibitions of Aboriginal art opened, one a show of desert art from the Gabrielle Pizzi collection, displayed at the Australian embassy. Nearby, the Quai Branly featured the work of eight Aboriginal artists who had been invited to adorn the museum's entrance and front building. (Excerpt)
Click here for full article
James Button and Cynthia Banham, The Sydney Morning Herald (News and Features), June 24, 2006
Cashing in on canvas
"Art is becoming an increasingly attractive option for investors. Tim Lloyd looks at what is driving the trend."
Click here for full article
Tim Lloyd, The Advertiser
22 June 2006
Art is where the home is
"It is contemporary art that has seen the most inflation. According to Matthew Slotover, co-director of Frieze art fair, the taste shift has deep cultural roots. "In the 1980's and '90's, if you made a lot of money you probably wanted to buy a country house and have the sort of things your ancestors, or other people's ancestors, had. That's changed. The people making large sums of money are the wallpaper generation - they want new things."
(Excerpt)
Click here for full article
By Charlotte Higgins,
The Age
25 June 2006
When art takes prize position
"for serious art collectors, house design revolves around their paintings."
"And when the collection includes names such as Sidney Nolan, Brett Whiteley and Arthur Boyd, each centimetre counts." (Excerpt)
Click here for full article
Stephen Crafti, Australian Financial Review, June 23, 2006
Gold-flecked beauty smashes art record
"A dazzling, gold-flecked 1907 portrait by Gustav Klimt has been purchased for the Neue Galerie in New York by the cosmetics magnate Ronald Lauder for $US135 million ($182 million), the highest sum ever paid for a painting." (Excerpt)
Click here for full article
Carol Vogel, The New York Times, June 20, 2006
Picasso show one to muse on
"The National Gallery of Victoria's latest winter masterpieces exhibition of works by the most significant artist of the 20th century, Pablo Picasso, has expanded by more than one-third."
(Excerpt)
Click here for full article
Robin Usher, The Age, June 30, 2006
|
|
Imants Tillers, Untitled,
Etching and Woodblock Print, Edition of 60,
118 x 80cm (*Available)
Ningura Napurrula is one of eight Aboriginal artists whose work was selected for an exhibition at the new Musee du Quai Branly,
in Paris.
(photo: Bob Pearce source:SMH)
|
Top Performers
-
Imants Tillers
A comprehensive survey of works by Imants Tillers titled one world / many visions will be exhibited at the National Gallery of Australia in Canberra from 14th August until 16 October. Australian Art Collector has a feature article on Tillers in its current (July to September 2006) edition. Coinciding with this show is Tillers inclusion in the 2006 Biennale of Sydney: Zones of Contact at the Museum of Contemporary Art which runs until 27th August. He is one of just 6 artists representing Australia at The Biennale which features 85 artists from 44 countries. Tillers was selected as the Australian representative at the Venice Biennale in 1986 and major works from that collection will be included in the National Gallery exhibition this month. The highest price achieved at auction for a work by Tillers is $51,700 for Words Not Yet Spoken,
Synthetic polymer paint, gouache and oilstick on 54 canvas boards, against an estimate of $20,000-30,000, (Deutscher~Menzies, Melbourne 2002). Demand and prices for Tillers work will almost certainly rise with the inclusion of the NGA and Biennale of Sydney exhibitions to his extensive curriculum vitae.
Art Equity has a limited number of works on paper by Imants Tillers available to Art Insight subscribers.
- Ningura Naparrula
Ningura's profile as a leading Australian Aboriginal artist was secured with her recent commission for the $370 million Quai Branly Museum in Paris, opened on June 20 by President Jacques Chirac. Works by just 8 Aboriginal artists were selected for permanent exhibition in the museum which houses indigenous art and artifacts from around the globe.
Ningura achieved a new high price for a work at auction in the Lawson Menzies May 30th sale. Soakage Water of Ngaminya, 2004, 153 x 182 cm, sold for $28,000 , click here for recent press article .
Art Equity will be exhibiting recent works by Ningura in an exhibition titled Women's Business on August 17th 2006. The show will also feature works by Walangkura Napanangka.
- Garry Shead
A limited edition book titled News, illustrated by Garry Shead has recently been released. The publication includes 60 short verses by Rudi Krausmann with topics ranging from Germaine Greer to the MCA. Together, poet and artist explore the idiosyncrasies and vicissitudes of human nature and of creative lives in an elegantly bound collectors' edition. A "Shead" artwork also features as the cover illustration for recently released American paperback titled The Goldfinches of Bagdad. Garry Shead achieved a "top 10" price at Deutscher- Menzies June 14 auction. Tango - Last Dance, oil on canvas 122.0 x 91.5 cm SOLD for $90,000 including buyers premium. He was selected as one of Australian Art Collector's 50 Most Collectable artists for 2006, and according to Artprice.com 100 USD invested in 1997 in a work by Shead had an average value of 1964 USD in April 2006.
- Charles Blackman
A work by Charles Blackman
titled Schoolgirls at play, oil on board 63.5 x 76.0 cm, sold for $126,000 - a top 10 result at the Deutscher Menzies June auction.
According to the Australian Art Sales Digest, secondary market sales of works by Blackman in 2005 totalled almost $2 million. Fifteen years earlier, secondary sales of his work amounted to just $142,495.
|
|
Charles Blackman, Portrait of a woman (Barbara), 1957
Ink, watercolour and pastel on paper, (*Available)
Wolpa Wanambi, Funerary Hollow Logs,
Ochre on wood,
Left: H192.5 x D15cm,
Right: H160 x D13cm
(*Available)
Ningura Napurrula, Women's Dreaming (detail) AENAPNA8640MM,
Acrylic on linen,
120 x 180cm (*Smart Art Offer)
|
MARKET WATCH
The British art market witnessed jaw dropping records at its June auction week. No less than £260 ($643 million) was spent at rival art auctions, Sotheby's and Christie's with numerous multi-million pound sales and smashed records. According to Bloomberg, "Demand has outpaced supply, doubling modern art prices since 1998 and raising contemporary values more than sevenfold since 1985"
The London ASX reported that the continuing boom in this sector "and stock market volatility is raising interest in alternative investments."
Across the Atlantic, another record was shattered! Cosmetics heir Ronald Lauder paid a monumental US$135 million ($182 million) for Gustav Klimt's gold Adele Bloch-Bauer 1, the highest amount ever paid for a painting. The previous the record was achieved in 2004 for Picasso's 1905 Boy with a Pipe (The Young Apprentice).
The current art market boom not seen since the late 1980's, is being put down to the state of the global economy and new buyers from emerging economies such as Russia, Asia Pacific and the Middle East. The Merrill Lynch and Caphemini's World Wealth Report released in June identified that the dollar millionaires or HNWI's (High net worth individuals) increased 21.3% in South Korea in 2004. In Russia the figure was 17.3% and in India 19.3%. These represent key growth areas for the art market.
The Report predicts "in terms of asset mix, HNWIs are likely to continue to embrace a slightly more aggressive portfolio, decreasing their cash/deposit and real estate positions and moving funds to equities and alternative investments."
"HNWIs' heightened interest in international investments, along with their growing exposure to equities and alternative investments, are clear signs that the world's wealthiest individuals are not only becoming more sophisticated investors, they also are more determined than ever to achieve returns comparable to those experienced in 2003 and 2004,".
With an ever increasing trend of the rich to acquire new and sophisticated things, this can only spell "opportunity" for the art market.
Local Art Market
Many of the factors at work in the broader global art market are too influencing the buoyancy of the Australian market - healthy economy, a strong market bringing works to sale and a broadening range of clients looking for alternative investments.
With the art market continuing to boom, questions about its sustainability are being asked around the world. Whilst some commentators argue that the art market is cyclical and a correction could follow, the abovementioned factors along with the impact of emerging economies on this market are a clear point of difference to the late 1980's boom and the crash that ensued.
Matthew Slotover, co-director of Frieze art Fair argues that "according to current wisdom, this boom is safer than others because the new globalised market means more stability. The last boom was all about one economy, Japan's, so it was snuffed out then that economy collapsed".
Deutscher Menzies auction of Australian and International art on June 14th hit $6.36 million in sales with a 91% clearance rate- putting this auction house ahead of its rivals thus far! Four records were achieved including an oil on canvas by John Coburn for $141,000, nearly double the high end estimate. The top result was $540,000 for a John Perceval oil, The Revellers. Other high performers included an oil on canvas by John Brack Finale, selling for $284,000, an Arthur Streeton oil, Our Vanishing Forests for $180,000, a Charles Blackman oil Schoolgirls at Play for $126,000 and an oil by Garry Shead Tango - Last Dance selling for $90,000.
If Australian Aboriginal art hadn't already hit the world by storm, it has now! On June 20th, the French President, Jacques Chirac opened the Quai Branly Museum, a spectacular centre of international indigenous art and culture. The museum located just 200 metres from the Eiffel Tower, houses some 3,500 artifacts and artworks from Africa, Asia, Oceania and the Americas. But its display of Aboriginal art is so great that Judy Watson, whose artwork is engraved into the glass and stone of the front wall, says it is as though a the artists "are swallowing the building. We are not just stuck inside the box. We are looking out on the street; we are everywhere". ("Dotted pathways from the outback to the stars", SMH, 20 June 2006)
Quai Branly, expected to attract more than a million visitors each year, includes works by eight Aboriginal artists. A work by Ningura Napurrula, singled out with Mawurndjul and Gulumbu Yunupingu as "fantastic examples of the modernity of traditional Aboriginal art" tells the story of traveling women who stop at special sites to give birth.
Her story will be further explored when Art Equity shows recent paintings by Ningura and Walangkura Napanangka in a show titled Womens Business from August 17th until September 1st.
SMART ART
The JULY SMART ART OFFER is a recent work by Ningura Napurrula painted for Art Equity's upcoming show Womens Business. This pre-release is an exclusive offer to Art Insight Subscribers and just one work is available.
Ningura Napurrula is one of eight Aboriginal artists selected to display works in the new Quai Branly Museum in Paris. Ningura's work was highlighted by leading Paris art dealer, Stephane Jacob, as "fantastic examples of the modernity" of traditional Aboriginal art. Her paintings tell the story of traveling women who stop at special sites to give birth.
Subscribers are invited to purchase the work individually or include it in an income deriving art rental portfolio.
ART EQUITY RENTAL PORTFOLIOS enable you to earn income from the art you own. You purchase an art portfolio starting from around $10,000 which we then rent to the corporate sector. You will earn income of between 6.5 to 10 per cent per annum from your investment as well as the potential capital appreciation of the artwork over time.
|
|
Katy Woodroffe, Songs of the Nightingale: In Mysterious Chambers 2 2006, (detail)
Mixed media on paper 138 x 112cm (*Available)
Garry Shead,The Arrival, Collagraph,
70cm x 90cm (*Available)
Tony Arno, Untitled 3, Oil on board
76 x 101cm, (*Available)
Andy McIlroy, Seascape-A quiet place III, 2006, Oil on Canvas
102 x 122.2cm, (*Available)
Geoff Dyer, Lake Country Tasmania I 2006, Watercolour & Gouache
56 x 76cm (*Available)
*Available from Art Equity at the time of publishing
Art Insight July 2006
|
COMING UP
BARRACK GALLERY @ Art Equity
- KATY WOODROFFE:
Hill of the Sun
A new body of work inspired by recent experiences in India,
Spain, Portugal, and Morocco. The extraordinary beauty
of patterns conjure up exotic sensuality in a world of secluded women. Opens 20th July 2006 and runs until-4th August.
- NINGURA NAPURRULA and WALANGKURA NAPANANGKURA: Womens Business - Indigenous work from the Western Desert. Opens 17th Augus and runs until 1 September.
- If you would like to join our invitation mailing list for Exhibitions at Barrack Gallery, please click here and leave your name, address and email address.
- Art Equity Education Seminars - If you are interested in attending a seminar at Barrack Gallery, click here.
- Interested in reading previous issues of Art Insight?
October 2005
November 2005
December 2005
February 2006
March 2006
April 2006
May 2006
June 2006
NSW
- Art Gallery of NSW
LEWIS MORLEY - until 10 September
FRANK HODGKINSON - until 17 September
GIACOMETTI - 18 August until 29 October
Waterfall - Works from the Australian collection on the theme of waterfalls- until 16 July
Old Europe - until 6 August
Zen Mind, Zen Brush - until 13 August
2006 Bienale of Sydney-
International festival of contemporary art - until 27 August.
-
Museum of Contemporary Art
BANGU YILBARA: WORKS FROM THE MCA COLLECTION
Until 1 October 2006
New Acquisitions 2006 - until 3 September
Zones of Contact: 2006 Biennale of Sydney - until 27 August
-
Australian Centre for Photography
Zones of Contact: 2006 Biennale of Sydney - until 27 August
The concept 'Zones of Contact' forms the framework and organising principle of the 2006 Biennale of Sydney, which will include a range of artists from around the world practicing in all forms of the visual arts. 'Zones of Contact' is about the spaces in which people live in and move between, the spatial dimensions of cities, settlements, territories, the land and home.
ACT
- National Gallery of Australia
James ROSENQUIST: Welcome to the Water Planet - until 10 September (Free)
Right Here, Right Now - Recent Aboriginal and Torres Strait Islander art acquisitions - until 13 August
Welcome to the water planet - until 10 September
Imants Tillers: one world / many visions - 14 July to 16 October
Michael Riley: Sights unseen - 14 July to 16 October
Abracadabra:
the magic in conservation
an overview of conservation techniques that reveal the mysteries hidden in works of art
- 28 July until 26 November
- National Portrait Gallery - Old Parliament House
KARIN CATT: Portraits - until 12 November
National Portrait Gallery - Commonwealth Place
Rennie Ellis: Aussies All - until 27 August
Headspace 7 Me and My Place -
9 September to 19 November
VIC
- National Gallery of Victoria – International (NGVI)
Mountains and Streams: Chinese Paintings from the Asian Collection (free entry) - Until 10 September
Rembrandt 1606- 1669: from the Prints and Drawings collection (Free entry) - until 24 September
Picasso: Love and War 1935- 1945 - until 8 October (view recent press article CLICK HERE)
American Beauty: Photographs of the American Social Landscape 1930s-1970s (Free entry) - until 22 October
Abstract Mode: Geometric fashion and textiles - until 12 November
- National Gallery of Victoria – Federation Square (NGVA)
Top Arts: VCE 2005 (free entry) - until16 July
Deborah Halpern: Angel - until 23 July (free entry)
The Cicely & Colin Rigg Contemporary Design Award 2006 (free entry) until 3 September
The Paris End: Photography, Fashion and Glamour (free entry) - unitl 1 October
- Geelong Gallery
White Mantle - the winter landscape in Australian art - until 6 August
TERRY EICHLER - until 13 August
Painted porcelain - decorated British ceramics 1750-1850 - until 12 November
- Centre for Contemporary Photography (CCP)
Gallery One:
DEREK HENDERSON:
THE TERRIBLE BOREDOM OF PARADISE
Gallery Two:
JULIE DAVIES:
A STUDY OF THE INSIGNIFICANT
Gallery Three:
GUY BEN-NER:
SELECTED VIDEO WORKS 1999–2004
Gallery Four:
DOMINIC REDFERN:
DRAMA
Projection Window:
KATE JUST:
THE ENTERTAINER
All run until 26 August
QLD
- Queensland Art Gallery
Exposure: Australian Photography from the 1930s to the 1950s -
Until 31 July
- QLD Centre for Photography
Natural History by Beverley Veasey (NSW)
Catharsis by Samantha Everton (VIC)
Trauma by Stewart Service (QLD)
Art Crimes by Raoul Pohlmann(QLD)
- All run until July 16
- Museum of Brisbane
Double Take: Ten contemporary Brisbane artists respond to works from the City of Brisbane Collection - until 9 July
Taking to the Streets - Two decades that changed Brisbane 1965- 1985 - until 10 September
SA
TAS
- Tasmanian Museum and Art Gallery
Max Angus: A Lifetime of Watercolour- until 16 July
National Treasures from Australia's Great Libraries – until 23 July
Eloquent Objects: The Wongs Collection of Chinese Antiquities & Artefacts - until 10 September
Regarding Landscape - Gallery 5
-
Queen Victoria Museum and Art Galley
(Royal Park)
It's a Dog's life! Animals in the public service -
until 27 August
Modernage Fabrics—A new approach to textile designing - until 23 July
(Inveresk)
Ordinary Women, Extraordinary Lives: A Pictorial History of Tasmanian Bush Nursing 1910-1957 - until 30 July
Contemporary Aspects of Tasmanian Art - Tim Burns, Kerry Gregan, Jonathan Kimberley, Sue Lovegrove, Heather B. Swann and Richard Wastell - until 16 July
Unsharp_Unconscious - a selection of Australia’s leading contemporary digital artists - Until 9 July
HJ King—Wings Above the City - until 6 August
WA
- Art Gallery of Western Australia
Western Desert Satelites - until 30 July
Brent Harris Swamp Op - until 5 June
Identity and Change - Representation and Nyoongar People - until August
Western Australian Art 1820's to 1960's - until November
THE PAST SURE IS TENSE: Ricky Swallow (Artist-in-Focus) - until 29 October
The Between Space: Kate Daw (Artist in Focus) until 29 October
-
Fremantle Arts Centre
THE OVERLAP & THE INTERSECT : Elizabeth Delfs and Britt Salt
MURMURS - Featuring sixteen Australian artists showing photographic works that reflect their special and enduring relationship with France.
POUR - Caitlin Yardley
All until 23 July
PAMELA FENTON - Until 16 July
-
Perth Centre for Photography
Nemesis : the source of one's destruction
-
Perth Insitute of Contemporary Art
M&T series: Paper -
Curated by Hannah Mathews
A Bunch of Flowers:
Louise Paramor
Both run until 6 August
NT
- Museum and Art Gallery of the Northern Territory
The sound of the sky: the Northern Territory in Australian Art - until 16 July
|
 |
| Click here to unsubscribe from Art Insight |
|