Wednesday, December 10, 2008

Ophelia Floats!

If ever a girl needed a little good news, I did. And tonight I got it. Drowned Ophelia, my 1999 enamel painting, just sold at Deutscher-Menzies' Sydney auction of contemporary art for well over $A13,000. With buyers premium and taxes added, this exceeds the very ambitious pre-sale estimate of $A10,000 to $A14,000 and represents an extraordinary affirmation of the enduring popularity and investment value of my work. The painting was first sold for around $A1,200!
I had been expecting the worst. In the end, 70 percent of the works
at auction tonight found buyers. At recent sales in New York and London, clearances have fallen to 20-year lows and the auction houses have lost tens of millions in guarantees to big-money sellers.

11 comments:

C. L. DeMedeiros said...

Neat!

Anonymous said...

Hi Hazel,

The auction went well and
you and your crew are on
coarse again. Glad to hear it!

Damn the torpedoes...

-M

Anonymous said...

I thought it would work out.

Congratulations on the well deserved good news!

Ellis Nadler said...

well done. hope you got a cut!

Tina Mammoser said...

A big congrats!!! (and take care of yourself and your skin with all that painting and sanding this week) It's nice to hear good news! Though secretly I think there's plenty of good news to go around still, the media just don't want to let on.

Kate said...

Excellent Hazel!

Rowlsey said...

And you're surprised? Congratulations as always! T2

Queen Vee said...

Congratulations! I hope you broke out the champagne.

Anonymous said...

Its a shame that so much of arts value is tied up in lingo like 'investment'and 'popularity'..

CC said...

yeah, it's SO much better if the art (and artist) are UNpopular and having to do something else for a living.

artcanyell said...

Imagine what it will sell for when the money flows freely again, wow!

As well I think "Drowned Ophelia" expresses well the feeling of many in these financialy gloomy times.