Webb Public sale Home/Supplied
Colin McCahon’s piece has been described because the jewel of the Financial institution of New Zealand assortment.
A brand new document has been set for the most costly art work bought at public sale in New Zealand.
1982 portray by Colin McCahon. Is there something that somebody can say, look, that is new? broke the document when it bought on Sunday for $2.45 million.
The work was considered one of McCahon’s final three work and had a pre-auction estimate of $1.5 million to $2.5 million.
It was bought with the primary batch of works from the Financial institution of New Zealand Artwork Assortment at Webb’s Public sale Home. Complete gross sales exceeded $13.5 million and the public sale was a “white glove sale” with all 50 heaps bought on the day.
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It surpassed the earlier document – Michael Parekōwhai’s A Peak in Darien, which bought for $2,051,900 final yr – and reclaimed the title for McCahon. Earlier than Parekōwhai’s piece bought, McCahon’s The Canoe Tainui held the document, fetching $1.58 million in 2016.
The public sale additionally noticed document costs for works by Robin White, Tony Fomison, Brent Wong, Evelyn Web page, A Lois White and a bunch of others.
All proceeds from the public sale might be used to determine the BNZ Basis, a philanthropic entity designed to assist the work of organizations nationwide that assist communities thrive.
The gathering was one of many largest ever assembled in New Zealand, Webb’s artwork director Charles Ninow stated.
“Unbelievable outcomes achieved [were] testomony to the standard of the work on this assortment,” he stated.
The gathering toured the nation, with viewings in Christchurch, Wellington and Auckland, earlier than the public sale.
It had been assembled in a comparatively brief time window – between 1981 and 1987 – with the inventory market crash of October ’87 ending the financial institution’s assortment prowess.
The second highest value of the day was for The Fugitive by Tony Fomison. The 1982-83 work was the topic of fierce competitors and bought for $1.86 million – the best value ever for a Fomison work.
One other excellent consequence was Glenda at Tahakopa by Robin White, painted in her distinctive late Nineteen Seventies type, depicting a pal from Otago. This art work was bought by Te Papa along side Design by A Lois White.
With a pre-auction estimate of $250,000 to $350,000, Glenda at Tahakopa fetched $416,245, simply breaking the previous document for considered one of White’s work of $230,000 from late final yr.