Wednesday - 03 September 2014

Grundy collection sets Australian record for single-owner sale

01 July 2013Written by Anne Crane

Fred Williams’ ‘You Yangs Landscape 1’ of 1963 made the highest price of the 89-lot sale of Australian art from the Reg Grundy and Joy Chambers-Grundy collection when it sold for Aus$1.9m (£1.2m).

The price of the 4ft 6in x 5ft 11in (1.37 x 1.8m) oil on masonite painting was one of 12 new auction records for artists set at this sale of works collected by TV producer Reg Grundy held at Bonhams in Sydney on June 26. 

Eighty-four per cent of the lots found buyers to net a premium-inclusive Aus$19.16m (£12.1m), the highest total for a single-owner art auction in Australia, surpassing the Aus$15.9m realised in 2000 by Christie's sale of the Harold E Mertz collection.

A fuller report on the sale will appear in a future issue of ATG's printed newspaper. Subscribe here.

£1-Aus$1.58

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