Wednesday, December 10, 2008
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.