Smith & Singer

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Online Art Auctions Surprise on the Upside

10 June 2020

Financial Review  |  Gabriella Coslovich

The sums that art buyers are willing to spend online have crept up, reflecting a pragmatic shift that has occurred across the economy during the pandemic.

Only a month ago Saleroom reported that the comfort threshold for online bidding hovered around $50,000, with a couple of notable exceptions five and six years ago. But in the space of two weeks we’ve seen an internet bidder pay $190,000 (hammer) for the 20.246 carat “Wakil Emerald” at Smith & Singer’s online jewels auction, and another collector rise to a $100,000 internet bid for Del Kathryn Barton’s portrait of Hugo Weaving at Deutscher and Hackett’s inaugural solo online auction last week. 

Staring at Art on the Wall is Bigger Than Ever

10 June 2020

The Australian  |  Ashleigh Wilson

Geoffrey Smith makes it his business to know the minds of collect­ors. And while the pandemic has been a strange time for all, those lucky enough to be surrounded by art have found themselves developing a renewed appreciation for their collection during lockdown.

“They’re spending more time at home, looking at what’s hanging on the wall,” said Smith, chairma­n of fine art auction house Smith & Singer. “Never has there been a time when art has been more important than now.”

As galleries start to open their doors around the nation, auction houses are preparing to welcome buyers back into their showrooms after a long period of absence.

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