Two record auction prices were achieved last night at International Art Centre's Important & Rare Art sale. Firstly, lot 21 was an early Karl Maughan painting (1988), in a more realist style than his contemporary works, 'Marigolds and Sweetcorn' was part of the Telecom Collection, now the Spark Art Trust Collection. It is hard to tell whether its beautiful painted quality or its collection history added to its record price of $98,000 (hammer price, not including premium). This beats the previous record of $96,113 (incl BP) for 'Rhododendron and Ponga' a work from the collection of Kiri Te Kawana, also sold by International Art Centre.
Secondly, Lot 32 was Michael Smither's painting 'Saint Francis and the Wolf' and was estimated at $120,000-160,000. Interest from bidders pushed this up to $240,000 (hammer price). This work also had very good provenance, coming direct from the artist's own collection. The previous record was $230,000 (assumed to be hammer price) for The Family in The Van, part of the Les and Milly Paris collection, which broke all sorts of records at Art + Object back in 2012.
Secondly, Lot 32 was Michael Smither's painting 'Saint Francis and the Wolf' and was estimated at $120,000-160,000. Interest from bidders pushed this up to $240,000 (hammer price). This work also had very good provenance, coming direct from the artist's own collection. The previous record was $230,000 (assumed to be hammer price) for The Family in The Van, part of the Les and Milly Paris collection, which broke all sorts of records at Art + Object back in 2012.
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