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IN THIS ISSUE …
IN FOCUS MEDIA VIEW TOP PERFORMERS
MARKET WATCH SMART PORTFOLIO COMING UP |
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IN FOCUS
SUEY MCENNALLY
The beautiful landscapes of Suey McEnnally entice with a richness of texture, line and mood. Mastering the luxurious medium of oil pastel, McEnnally covers the picture plane with sweeping gesture - building up layers and delineating space as she creates enormous energy across the surface. Deep Prussian blues, opalescent whites and turner golds are hand created with pigment mixed with mica and temper. Whilst her Australian flowering deserts twinkle like stars in the desert sky, the strength of her line recalls Japanese calligraphy and woodblock print.
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Dear Subscribers,
The November issue of Art Insight provides a snapshot of what has been happening at Australia’s most innovative and exciting art business. The packed exhibition program at Sydney’s Barrack Gallery coupled with the recent educational seminar program have continued to introduce many people to the various options open to collectors and investors.
In this issue we also take a look at world art markets courtesy of worldwide auction monitor, Artprice.com. Whilst many of our clients are firmly focused on the Australian art market, it is important to consider the impact Australian artists are having on the world stage. Artists such as Tracy Moffatt, Bill Henson, and Tim Maguire are keenly sought after throughout Europe and the USA. The impact of the Australian Indigenous art movement continues to develop in these markets along with further critical recognition.
The internet as a truly viable tool to transfer imagery between countries has allowed, to a greater degree than any time in world history, an awareness of Australian artists.
It has been proven time and time again that good art transgresses borders. The door has certainly been opened to a bigger stage for Australian artists and the initial indicators are very positive.
Ralph Hobbs
Art Director
Art Equity
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Suey McEnnally Creation Concerto (Flowering Desert Campfire)
Right panel. Oil pastel pigment & mika on paper, Image size:1350x1180cm
each panel. Dobell Drawing
Prize
finalist 2005.
McEnnally has been recently hung in the Art Gallery of New South Wales as a finalist in the 2005 Dobell Prize for Drawing. A previous finalist in the Sulman Prize, AGNSW, Paddington Art Prize, and winner Eco Art Award 2002 and Peoples choice. In the Redlands Westpac Art Prize 2004 (an invitation only competition) Suey won the Peoples Choice and Highly Commended sections for emerging artists. Suey is becoming widely recognized as one of this country’s leading contemporary landscape artists. We are proud to present Suey’s latest body of work in November - a pleasure to view and an event not to be missed.
Brenda Colahan
The Colour of Light
Opening Thursday 16 November 2005 at Barrack Gallery
Exhibition current until Thursday 30 October
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Brad Munro
Homeward Oil on canvas 105 x 88cm
(*available)
from The 5th Stage of Alchemy
currently
showing at Barrack Gallery
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Brad munro
Barrack Gallery is currently exhibiting the works of emerging artist Brad Munro. His seductive paintings entice us into his world of colour, mood and sensibility. He paints about desire- transcending cultural conditioning. Works present the balance between yin and yang, between tension and harmony.
In technique Munro is a master of abstraction and colour theory. Applying pure hue from the colour wheel directly to the picture plane, the results are extraordinary journeys which hold the viewer spellbound. The sheer thickness of applied paint is testament to Munro’s enormous energy and the physicality or “process” of creating.
“My painting concerns consist with the “rightness” of colour and composition, although my departure point is one of discord. The paintings undergo various stages of order and chaos as I work organically with the “masculine” and “feminine” quality of oil paint. The end result is a simplified vision that has grown from a complicated process, making them highly appealing in today’s society”. Brad Munro 2005
Brenda Colahan
The 5th Stage of Alchemy
Exhibition current until 10 November 2005
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George Ward Tjungurrayi Tingari Acrylic on linen
120 x
180cm (*available) Winner of the Wynne Prize in 2004,
Ward has
been marked by Australian and overseas
investors as
an artist of great cultural
significance and
aesthetic beauty
Camilla Connolly at the opening of her
show based on the
life of Sydney underworld figure Tilly Divine at
Barrack Gallery
in October
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Media View
Art Market Trends 2004
"Art prices are now at their highest levels since the speculative bubble burst back in 1990. The Artprice Global Index calculated using data on repeat sales reveals that following the fall auction season in New York, art prices rose by 19% in 2004."
"If prices continue to advance at the same pace as in 2004, they could well surpass November 1990 highs in 2005, thus taking art market prices to unprecendented levels."
"...from 1 January 1997 to 1 June 2004, the average quarterly fluctuation in the Artprice Global Index was two to three times smaller than the same statistic for the Dow Jones IA and the S&P 500. The art market is far less sensitive to economic crises and geopolitical events than other assets."
Art Market Trends 2004 (excerpts), Artprice.com, October 2005
Click here for full article
Show me the Monet, Telstra
“The [National Gallery of Australia] gallery's director, Ron Radford, admits his plan is audacious, but also calls it "a very safe business preposition for Australia". He wants the Government's Future Fund to invest 1 or 2 per cent of its initial $16 billion in "blue-chip art", particularly late 19th-century and 20th-century European and American masterpieces.
"Our idea would be to house them," Mr Radford said in the Canberra gallery yesterday, "and show them in our context.
"We could be part of a team to recommend [to the fund's board] works of the highest quality. It has been proven that art of this period is the safest investment - far outstripping shares and property."
Lauren Martin, The Sydney Morning Herald, October 13, 2005
Click here for full article
Murder jolted artist's career
"Camilla Connolly and Rebecca Bernauer were great friends and fellow street workers when 18 year-old Rebecca was murdered and her body wedged behind a fridge in a Darlinghurst alley in 1997.
If Rebecca could see her old pal now, she would be proud of how far she has come.
Last night, an exhibition of Connolly's powerful oil paintings, drawing on her decade on the streets, opened in the Barrack Gallery."
Elizabeth Fortescue, The Daily Telegraph, 7 October 2005,
Click here for full article
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David Stephenson Basilica di Superga, Turin
56 x 56cm C type photograph (*available)
Craig Waddell and Jessie Cacchillo Ruby Rabbit, sculpture made from molding left over oil pain, winner of the
Woollahra Sculpture Prize 2005
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Top Performers
These Australian artists are currently amongst the markets most
sought after. Art Equity has sold works by all the artists listed and for some, is a representative gallery in NSW.
- David Stephenson
A major hardcover book on the work of David Stephenson titled Visions of Heaven: The Dome in European Architecture including essays by Victoria Hammond is due for release in November 2005. According to the publisher, Princeton Architectural Press NY, "Photographer David Stephenson's magnificently kaleidoscopic images of dome interiors capture [an] evanescent drama, and make Visions of Heaven one of the most spectacularly beautiful books we've ever produced." Art Equity will be endeavoring to source books from the publisher. Please notify your art consultant if you are interested in securing a copy.
Visit Art Equity's website to view some of the photographs available from David Stephenson's Dome Series, illustrated in this publication.
- Craig Waddell
Craig Waddell
has recently added another significant art prize to his collection. In collaboration with his partner Jessie Cacchillo, Waddell won The Woollahra Sculpture prize for their work titled Ruby Rabbit. The prize was judged by industry heavy weights, William Wright AM, The Sherman Foundation Fellow in Contemporary Art at Sydney University and former Dean, State University of New York,
and John Stringer, curator of the Kerry Stokes collection.
- John Olsen
The phenomenal collectibility of anything "Olsen" has seen the recent first edition release of Teeming with Life - his complete graphics 1957 - 2005 sell out in a matter of weeks. The book is now well and truly a collectors item. The book was released for $100 and signed copies have since appeared on EBAY for in excess of $2,000. A second edition is due to be released before the end of the year. Once again, please contact your Art Consultant if you are interested in securing a copy.
- Camilla Connolly
Camilla Connolly has been selected for an exhibition at Tweed River Gallery in Murwillumbah. The regional gallery will be showcasing a selection of Connolly’s drawings titled “Family Matters- Fractured Fairytales” from July to September 2006.
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Jason Benjamin Night Landscape - Risk your heart
for love to find you 2004 Collagraph 60x90cm
edition size 50 - SOLD OUT
Jason Benjamin Night Landscape - Taking our tears away (Raywood)
2005 multi-plate etching 40x65cm
(just released)
Tim Maguire Shadows (Tulip) Digital pigment print
103 x 80cm (just released)
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MARKET WATCH
The performance of the global art market is driven by secondary sales - predominately auction results, being the most transparent of indicators. The secondary performance of an artist is also an indicator to their current status and potential "value". However, a solid auction record shouldn't be considered in isolation. Some of Australia's critically acclaimed artists are realising excellent growth without thriving auction results. Artprice.com make the point clear in their report, Art market Trends 2004,
"...it is very likely that the auction star fifteen years from now – whoever that may be – has not yet sold a single work at auction.” Artprice.com
Jason Benjamin
A Jason Benjamin collagraph Night Landscape - Risk your heart for love to find you, 2004 sold at auction by Lawson Menzies on October 16 for $4,200. On release in 2004, over 75% of the edition of 50 was sold by Art Equity. Art Equity clients paid just $2,500 for the collagraph. Many clients purchased the print in conjunction with Benjamin's etching titled The Clearing, which also sold for $2,500. This work now retails for $5,500.
The artists' career is continuing to build and recent activity is showing strong performances in the secondary market which includes retail through galleries. While early indicators are strong, Art Equity recommends holding as Benjamin develops recognition both domestically and on the international stage.
Tim Maguire
The artistic career of Tim Maguire has reached many highs in recent years. From a market perspective, his status as one of the strongest performing contemporary artists is virtually unparalleled.
Artprice statistics indicate a 342% growth in the dollar value of his works in the secondary market since 2000. From January to June this year, his works have increased almost 40% in value. Currently based in the UK and France, Maguire exhibits regularly in Europe and the US, as well as in Australia. Importantly 48% of all Maguire’s works at auction are editioned works and the highest price achieved at auction for a printwork is $9,400. The highest auction price for a painting is $329,000. Tim Maguire is certainly an artist to watch and collect.
Art Equity has just released his most recent body of editioned works. The triptych on paper are digital prints, made recently at Atelier Franck Bordas in Paris. Click here to view.
All new subscribers to Art Insight interested in viewing the Market Watch section from the October edition, click here.
SMART PORTFOLIO
The November Premium Portfolio is primarily focused on the contemporary sector of the Australian art market. The selection of artists and art works allows for excellent potential growth capacity and ultimately an exceptional rental proposition.
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 9 per cent per annum from your investment as well as the potential capital appreciation of the artwork over time.
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Barrack Gallery artists at the opening of Camilla Connolly's October show From left: Colin Pennock, Camilla Connolly,
Brad Munro,
Laura Matthews and Suey McEnnally
Laura Matthews Industrial Zone Oil on linen, 120x100cm
(*available) Watch out for Laura's next exhibition of
works at Barrack Gallery in the first half of 2006
Margaret Turner Body Paint Acrylic on canvas,
181x124cm (*available)
Anke Stacker
Yellow House, Millers Point Photograph
120 x 80cm
(*available)
Anke is an exciting
contemporary photographer
represented by
Barrack Gallery. Contemporary photo art
is the fastest growing medium on
the international art market.
John Olsen The Gourmet etching 27.5x39cm
(*available)
*available from Art Equity at the time of
publishing Art Insight November 2005
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COMING UP
BARRACK GALLERY at Art Equity
- Brad Munro Thursday 27 October–10 November 2005
- Suey McEnally 16-30 November 2005
- The Christmas Collection 8-23 December 2005
- 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
NSW
- Art Gallery of NSW
Wolfgang Laib until 6 November
Earle Backen - until
17 November
Jeppe Hein: Neonwall – until 4 December
Reflections in Time -
19th Century portrait photography - until 11 December
Grace Cossington Smith - 3 November - 15 January 06
Camille Pissarro - 19 November - 19 February 06
Points of View - A survey of Australian photography 1985-1995 - 19 November - 29 January 06
The Ubu Diptych - James Gleeson - 21 November - 18 December
- Museum of Contemporary Art
New acquisitions in context – until 6 November (work by Australian artists and new media works)
Primavera 2005 EXHIBITION BY YOUNG AUSTRALIAN ARTISTS - until 13 November
Interesting Times: Focus on contemporary Australian art – until 27 November
INTERNATIONAL ARTIST LECTURE: internationally renowned sculptor, ANTONY GORMLEY
- Friday 4 November, 6.30pm
- Australian Centre for Photography
Beyond Real: Part 1 Dressing up – until 2 November
Beyond Real: Part 2 Making a Scene - 18 November - 23 December
Floortalk -
Beyond Real: Part 2 Making a Scene - 19 November 1pm FREE
Project Wall - Renata Buziak - until 8 November
- Sculpture by the Sea - coastal art exhibition from Bondi to Tamarama, including artists from 13 countries. 3 - 20 November
ACT
- National Gallery of Australia
Bill Viola: The Passions - until 6 November
Moist - Australian watercolours - until 4 December
Imagining Papua New Guinea - until 15 January 06
Transformations - the language of craft - 11 November - 29 January 06
Against the grain - Helen Frankenthaler woodcuts - 26 November - 5 February 06
- The National Portrait Gallery
Who am I - an exhibition of secondary school portraiture - until 6 November
Cecil Beaton portraits - until 27 November
Face the Music - Australian musicians on show - until 13 November
VIC
QLD
- Queensland Art Gallery
Lee Ufan - until 6 November
Black Ink: Indigenous prints from the Queensland Art Gallery collection – until 20 November
Sparse Shadows, Flying Pearls - A Japanese screen revealed - until 27 November
New Acquisitions: Indigenous Australian Art – until March 2006
Barbara Heath - Jeweller to the Lost -
extraordinary jewellery and sculptural objects
- until March 26
- QLD Centre for Photography
Beautiful Lies:
Notes Towards a History of Australia by Peter Milne & The Funeral
by Jo Grant - until November 20
- Institute of Modern Design
Natalie Billing – Voices behind glass;
Franz Ehman – Speaking the world into existence;
The Rapture: Installation with photographs and ceremonial objects -
all until 19 November
SA
- Art Gallery of South Australia
Australian contemporary glass - until 13 November
Visions of Adelaide: 1836-1886 – until 5 February 06
Crescent Moon: Islamic Art and Civilisation in South East Asia 10 November 2005 - 29 January 2006
- Contemporary Art Centre of South Australia
PROJECT X - MENTOR MENTORED
Roy Ananda, Andrew Best, Bridget Currie, Anton Hart,
Aldo Iacobelli, Gretchen Mercedes, Michelle Nikou,
Akira Akira, Hossein Valamanesh, Linda Marie Walker
11 November - 18 December
TAS
- Tasmanian Museum and Art Gallery
Terra Spriritus... with a darker shade of pale – works by Bea Maddock - until 12 February 06
Recent Acquisitions - includes contemporary works by Tasmanian artists Geoff Dyer, Jonathan Kimberley, Susan Pickering and Richard Wastell as well as Davida Allen and Timothy Ralph – until 30 November
Its the little things in life - until 13 November
Eloquent objects - until 6 September 2006
- Queen Victoria Art Galley and Museum
Royal Park
Astonishing Animals - based on the book by Tim Flannery - 5 November - 19 February 06
Modernage Fabrics—A new approach to textile designing at - until 4 March 2006
Inveresk
Warrior Women - until 13 November
A Prodigious Talent: Works by Hugh Ramsay - until 19 February 06
WA
- Art Gallery of Western Australia
Artist in Focus: Wallpower – until 22 January 2006
Wembley Ware: Excitingly Different – until 13 January
WA Survey mixtape 2 -
13 November 2005 – 19 March 2006
NT
- Museum and Art Gallery of the Northern Territory The Policeman's Eye: Paul Foelsche's Photography
26 Nov 2005 – 5 Feb 2006
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