Home » Canada’s Secondary (Auction) Market Takes Off…

Canada’s Secondary (Auction) Market Takes Off…

From James Adams in yesterday’s Globe and Mail:

“When its September, 2007, online sale resulted in gross revenues of about $600,000 on 156 lots, (Heffel Fine Art Auction House) started to think seriously about going with a separate live auction (for post-war and contemporary art) and “concentrate more on this growing component of the market,” noted Nina Kim, Heffel’s director of postwar and contemporary art…”

For the rest of the article, please click HERE.

apr29.jpg
Tom Thomson, View from a Height, Algonquin Park, Fall, 1916.
Auction Estimate: $800,000-1,200,000
Price Realized: $1,207,500

While the Canadian auction ‘scene’ may seem laughable next to the inflated numbers bandied about in the U.S and the U.K these days, we are finally seeing increased interest in Canadian art since 1945, which is great because it has, for so long been terribly undervalued.

From today’s Globe and Mail:

“A new chapter and perhaps a new era in the country’s secondary art market kicks off tonight in Toronto with the first live auction of significant Canadian art by Bonhams, the world’s third-largest auction house after Christie’s and Sotheby’s…”

To continue reading, please click HERE.

For Heffel, please click HERE

For Ritchies, please click HERE

For Joyner Waddington, please click HERE

For Bonham’s Canada, please click HERE

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