Valuation and appraisal of Aboriginal art works is
a skilled and specialised activity. We receive many inquiries
about the value of particular Aboriginal paintings and the way
that owners might sell these works. While we will try to answer
general inquiries about Aboriginal art, and about specific artists,
we do not give valuations or appraisals of paintings. Appraisals
and valuations are formal documents used for tax, insurance,
charitable contribution, financial planning and other purposes.
We also receive inquiries about investment in Aboriginal
art - see our page on Aboriginal
Art Investment.
Aboriginal Art Online specialises in selling contemporary
works obtained by working directly with Aboriginal communities and
artists and a limited number of art galleries. We do not buy paintings
on the secondary market or from other sources (such as the owners
of individual paintings). While this is a completely sound and ethical
practice, it is not at the moment part of our business. We prefer
to work with Aboriginal communities and artists to ensure that they
receive a good return for their work - and so that our clients are
able to select from a wide range of work at competitive prices.
Several auction houses offer a free auction
appraisal service for art works. Four of the auction houses
that hold auctions of Aboriginal art and that have relevant
in-house specialists are:
Bonhams and Goodman
The auction company Bonhams
and Goodman was formed by the merger of Goodmans Auctioneers
and Bonhams. They are the largest Australian-owned internationally-operated
auction house and have global connections with Bonhams of London
and Bonhams & Butterfields in the USA. The company has representatives
in Adelaide, Queensland, Western Australia and New York, as
well as the main office in Sydney.
The Sydney-based Aboriginal
Art Department (with Anne Phillips as director) can advise
on current auction estimates for works on canvas, board, bark
and artefacts, either for individual items or large collections.
In many cases indications of auction estimates can be made from
photographs sent by post or email, subject to actually seeing
the work.
In addition to sales of Aboriginal art (held four times per
year as part of their Australian, International and Aboriginal
Art Sales), Bonhams & Goodman also offer a full range of
services, from obligation-free appraisals
to more formal probate and insurance valuations.
Leonard Joel Art Auctions
Leonard Joel is the largest Australian owned and operated auction
house. The company are approved valuers to the Australian Government
and specialise in both market valuation (an estimate of the
sale price at auction, usually obtained by potential sellers)
and insurance valuations (the value placed on items for the
purposes of replacement). Joels offers oral market
valuations at their rooms and these are free of charge.
Alternatively, their valuers can provide an onsite valuation
for a fee. A fee is also charged for written reports.
In 2006 Crispin Gutteridge, former specialist with Sothebys
Aboriginal art division, was appointed as the specialist for
Aboriginal art. Michael Fox is the Queensland representative
for Aboriginal and other art.
Lawson-Menzies
Lawson-Menzies
are an Australian auction house that provides a full range of
valuation services. The most common types of valuations that
people request are for insurance and auction purposes. In addition
to these, the company is able to provide formal valuations for
probate, capital gains tax, asset management and other purposes.
They offer a free assessment of potential auction
values for various items, including Aboriginal art. For an assessment
by one of their specialists, you may bring your items, or photographs
of them, into their rooms in Sydney. An appointment is advisable.
You can also contact their representatives in various parts of Australia, or seek an
eValuation
as an online service.
Until recently, Lawson-Menzies hold two auctions of Aboriginal
art each year but sales of Aboriginal art are now included within their auctions of Australian art. One interesting innovation by them is their contribution to the Aboriginal Benefits Fund of 2%
of the hammer price of all Aboriginal art sales made by the
auction house. The Foundation makes grants to support projects
in indigenous health, education and community development.
Sotheby's
Sotheby's is one of the world's leading art auction
houses and they have established a strong reputation in the
sale of Aboriginal art. Sotheby's offers auction estimates on
Aboriginal art, provided that the items do not fall below their
minimum consignment values. An auction estimate is a range of
prices (e.g. $1,500-2,000) that Sotheby's specialists believe
a piece might bring at auction. Auction estimates are subject
to change based on first hand inspection of the item.
To get an auction estimate on an item (subject to
the qualification above), Sotheby's offers the following choices: