LEONARD, issue 8, July 2012

Issue EIGHT / JULY 2012

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Cover A Collection of Louis Vuitton Sold for $13,200

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Monique Le Grand Phone + 61 (0) 3 8825 5620 Email monique.legrand@leonardjoel.com.au Corporate & Private collections

John Albrecht, Managing Director Phone 0413 819 767 Email john.albrecht@leonardjoel.com.au Art

Briar Williams, Head of Art Phone + 61 (0) 3 8825 5608 Email briar.williams@leonardjoel.com.au Jewellery

John D’Agata, Head of Jewellery Phone + 61 (0) 3 8825 5605 Email john.dagata@leonardjoel.com.au Classic furniture, Objects and Design

Guy Cairnduff, Head of Classic Furniture, Objects and Design Phone +61 (0) 3 8825 5611 Email guy.cairnduff@leonardjoel.com.au Collectables

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Natural History

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FOReWord

THE PRICE OF EVERYTHING AND THE VALUE OF NOTHING When Oscar Wilde so brilliantly identi- is at the core of misunderstandings between the open market. Confused? Stick with me. tions? In valuation documents there are all fied the cynic as the one that could price clients, their valuers and their advisers. If Many people ask, and understandably, why sorts of disclaimers and notes that we valueverything but value nothing he perfectly the determination of value and the distinc- the value to replace is not the value to sell? ers assume are understood by the client. But described the difference between measure- tions between the various types of valuations The answer lies in the fact that insurance val- I wonder whether the explanations need to ment and appreciation. Since then the phrase could be presented in a simpler and clearer ues are driven by retail asking prices whereas be more explicit, less legalistic and simpler to and the thinking behind it have been vari- manner and then disseminated through the market prices are driven by what retailers are read? To date I have never seen an insurance ously applied to all sorts of professions and collecting and professional community more willing to pay. Herein lies the distinction and valuation that clearly states: THIS VALUAindividuals. Occasionally the notion has been thoroughly there would, in my opinion, be far that is that insurance values are "pregnant" TION IS TO ENSURE YOU HAVE PLENTY applied to "us auctioneers and valuers" over fewer perplexed clients and less argument with a margin or difference that is rarely OF COVER TO REPLACE YOUR ITEMS IN the years and usually with reference to our about value. Recently this issue raised its recoverable when it comes to resale. Unques- A RETAIL ENVIRONMENT WITH SIGcore skill of estimating something for auction. head again and profoundly at Leonard Joel. tionably, this distinction remains the most NIFICANT MARGINS SO IT IS DELIBERWhen the seller is happy with the estimate it A client had accepted on the advice of his significant point of confusion for the client ATELY HIGH. DO NOT RELY ON THESE is described as an "art", when the seller is not solicitor the insurance value of a collection when he or she is contemplating selling and VALUES IF YOU ARE CONTEMPLAThappy it is usually described as "that brutal as the amount he would accept as proceeds requires urgent industry attention to ensure ING SELLING ANY OF THESE ITEMS valuation". A colleague of mine quite some from a will. The client was unaware (and pre- clients and their professional advisers under- BECAUSE THAT IS A DIFFERENT TYPE time ago described the auctioneer's life as sumably the solicitor too) of the distinction stand the distinction. The client referred to in OF VALUATION BECAUSE PEOPLE WILL that of someone expert at permanently let- between insurance values and market or fair this discussion realised a fraction of the total NOT PAY YOU WHAT THEY ARE WILLting people down; meaning that more often market values. So why does this matter? It insured value and had to stomach the reality ING TO PAY A RETAILER FOR THAT than not a sellers expectations were higher matters for one very simple and relevant rea- that the insured figure on paper should not ITEM. I think bold and simple disclaimers than the auctioneers. But while the dynamic son and that is because the insurance value is have been his guide as to value when it came are necessary and the sooner the industry between valuer and client can often be a lit- designed to ensure the insured individual is to selling. This was disappointing for the cli- broadly agrees on an approach and starts unitle testy at the estimation stage and a little adequately covered to replace the item in the ent but an all too familiar scenario for us and formly practicing it the better. "cold", it occurred to me recently that val- event of loss but it is not designed to repre- I wonder what must change to rectify these ues and how they are defined is often what sent what the item is actually worth to sell on continuing and fairly prevalent misconcep-

BY John Albrecht

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Contents

Thinking of Selling?

From Single Items to Collections

JULY Contents

Tailored Trust and Estate Services

If you have a single item or collection you Leonard Joel has a long and distinguished wish to sell, the Leonard Joel team of spe- history of assisting both trust companies and cialists can guide you through the entire val- executors with the dispersal of important

Calendar 3

uation and auction process. We can provide collections. We provide fiduciaries (lawyers,

News 4

no less than thirteen categories of auction to with a complete suite of services to manage

ART RESULTS

6

of catalogue auctions in Australia. Leon- of large and small estates. Our services are

PHOTOGRAPHIC AUCTION

7

market valuations for the entire spectrum and dispersal of fine art, antiques, jewel-

Jewellery Results

8

museums, fiduciaries and government enti- scripts and general household contents.

Pre-Owned Luxury ResULts

9

ists on a daily basis.

VINTAGE DANISH AUCTION

you with experts across all collecting fields, trust officers, accountants and executors) select from and the most expansive calendar accurately and successfully the dispersal ard Joel specialists conduct insurance and specially designed to aid in the appraisal of clients - private collectors, corporations, lery, objet d’art, collectables, books & manuties are advised by our valuers and special-

Our specialists are now sourcing single items and collections for the following categories:

10

Australian and International Art

The Graham Geddes Collection 12 The Weekly

Fine Jewellery and Wristwatches

14

Pre-Owned Luxury Classic Objects and Furniture

CLASSIC FURNITURE, OBJECTS

Modern Design

& Design

15

Granny's Market

16

Street Art Interview

17

Single Owner Collections Collectable Toys and Sporting Memorabilia Militaria Books and Manuscripts

Collectables 18 Heritage Crisis

20

Art BUSINESS

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Subscribe

Get Leonard all the time With more specialist categories and auctions than any auction house of its kind in Australia, Leonard is the simplest way to remain abreast of all forthcoming auctions, important sales results, events and auction news. With expert contributors from all fields of collecting Leonard will be an indispensable tool for both the seasoned auction-goer and the new collector alike. Leonard is available both free at Leonard Joel and online or can be subscribed to for an annual fee of $44 inc GST (postage & handling). Visit us online at www.leonardjoel.com.au

A BAR SET BY HERMES SOLD for $1,080 IBP

or for subscription information contact keryn.gilchrist@leonardjoel.com.au.

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Calendar

Modern Design

Forthcoming Auctions The Weekly Auction

Every Thursday in 2012 – 10am 333 Malvern Road, South Yarra, Melbourne, Victoria

The Danish Vintage Design Auction

ENTRIES INVITED FOR NOVEMBER AUCTION

Thursday 5th July 2012

333 Malvern Road, South Yarra, Melbourne, Victoria

The Granny's Market Auction Sunday 15th July 2012 – 10am

1098 High Street, Armadale, Melbourne, Victoria

American Civil War Auction Sunday 22nd July 2012 – 11am

333 Malvern Road, South Yarra, Melbourne, Victoria

Photographic Auction

Sunday 22nd July 2012 – 2pm 333 Malvern Road, South Yarra, Melbourne, Victoria

Fine Jewellery Auction

Sunday 9th September 2012 – 12pm 333 Malvern Road, South Yarra, Melbourne, Victoria

Pre-Owned Luxury Auction

Sunday 9th September 2012 – 3pm 333 Malvern Road, South Yarra, Melbourne, Victoria

VERNER PANTON A MODEL V-8880 WIRE CONE CHAIR Denmark, 1960s Sold for $1,200 IBP

The Graham Geddes Collection of Important Antique Furniture & Objects Auction Saturday 15th to Monday 17th September 2012 333 Malvern Road, South Yarra, Melbourne, Victoria

The Sunday Fine Art Auction

Sunday 23rd September 2012 – 2pm 333 Malvern Road, South Yarra, Melbourne, Victoria

Enquiries Eoghan Doherty / (03) 8825 5632 / eoghan.doherty@leonardjoel.com.au

Modern Design Auction November 2012

333 Malvern Road, South Yarra, Melbourne, Victoriaa

Classic Furniture, Objects & Design Auction Sunday 18th November 2012 – 12pm

333 Malvern Road, South Yarra, Melbourne, Victoria

Auctions and viewing times are subject to change.

Leonard Joel is a proud supporter of Arts Project Australia

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News

CURATED ABORIGINAL ART AUCTION

A FRENCH PORCELAIN TEAPOT LATE 19TH CENTURY SOLD $15,600 IBP

PORCELAIN AND POLITICS Consigned for The Sunday Art Auction Sunday 24 June 2012 at 2pm Lot 35 EMILY KAME KNGWARREYE (CIRCA 1910-1996) Wild Flower Dreaming 1995 acrylic on canvas 123 x 93cm Sold $13,420 IBP

Imagine for a moment Australia had one

tive arts, it is interesting to remember that

or several porcelain factories producing

200 years ago Napoleon took a very differ-

vast and very often grand quantities of din-

ent view. Steven Adams in his article Sevres

nerware, tea services and all manner of

Porcelain and the articulation of imperial

decorative objects. Now stick with me and

identity in Napoleonic France describes

contemplate the possibility that our head

methodically the evolution of the use of

of state or maybe our prime minister might

imagery in France in the early 19th century

commission such a factory to produce por-

and how the Napoleonic and indeed other

celain services and objects with topical

contemporary European empires took very

depictions; like the swearing in of govern-

seriously the communication potential of

ment ministers, maybe the privatisation

what one ate and drank from. No emperor

ceremony of our national carrier Qantas or

or king perhaps came close to Napoleon’s

a round table of cabinet ministers after an

thirst for dominance over prevailing aes-

historic decision. Seems a bit absurd and

thetics and tastes and the Sevres factory

just a little silly? Well yes and no, depend-

at this time was just one element of his

ing on one’s perspective. At the most simple

vast arsenal of artisans, artists, architects

Sophie Ullin, Aboriginal & Tribal Art specialist at Leonard

level, the idea that dinner services would be

and craftsmen eager to be commissioned

Joel, is now inviting entries of aboriginal and tribal art for a

used to commemorate important historical

to interpret and generate another article

forthcoming stand-alone auction scheduled for November 2012.

events seems, well to me, unnecessary but

of imperial success or Napoleonic bravery.

at the more nuanced level perhaps the sim-

The teapot illustrated here is a fine exam-

ple teapot can, convincingly, be not only an

ple of that imperial identity in action and a

item of utility and beauty but also an effec-

rather interesting reminder of how porce-

tive article of political communication. In

lain and politics can interact.

This tightly curated offering will focus on significant contemporary aboriginal art, rare tribal art and significant Hermannsburg works. If you have a single item or collection contact Sophie Ullin for a complimentary market valuation on

an age when political and national messages

(03) 8825 5609 or email sophie.ullin@leonardjoel.com.au.

have largely disappeared from the decora-

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news

SPECIALIST PRINT AUCTION

Valerio Ciccone: Peripheral Observer

Valerio Ciccone Not titled (After Holbein) 1991 pastel on paper 50 x 66cm Courtesy of MADmusée, Liège

Lot 3005 DAVID LARWILL (1956-2011) Still Life screenprint 23/50 69 x 62cm SOLD $1320 IBP

Valerio Ciccone’s work reflects his fascination with the world around him. With drawing as his primary mode of expression, Ciccone also effectively employs ceramics and animation to create whimsical figures and narratives. Since commencing at Arts Project Australia in 1984, Ciccone’s work has undergone a series of changes: from his earliest watercolours through the powerful text-based monochromatic pastel portraits, to his colourful recreation of scenes

TOY COLLECTIONS AND COLLECTORS WANTED

from AFL and his enduring repertoire of animals, still life and pop culture icons, he continues to delight with his gentle insights.

Although warm and gregarious, Ciccone likes to place himself as a peripheral observer in relation to his subjects, quietly transforming what he sees into unique visual statements. Spanning almost thirty years, this major survey exhibition is a testament to the varied terrain Valerio Ciccone has covered on his rich artistic journey.

Accompanying this major survey exhibition is the Leonard Joel Series catalogue Valerio Ciccone: Peripheral Observer, which is

Lot 240 Louis Marx Range Rider American, clockwork brightly lithographed tinplate rocking cowboy modelled as the Lone Ranger riding his horse Silver, with moving arm and twirling lasso, mounted on curved tinplate base, in card box (E box G) 24.5cm high x 28cm long SOLD $240 IBP

the second publication proudly supported by Leonard Joel.

CURATED BY Dr. Cheryl Daye

EXHIBITION OPENING Sat 8 Sep 2012 from 3-5pm

OPENED BY Glenn Barkley, Curator, Museum of Contemporary Art Australia

EXHIBITION DATES Sat 8 Sep to Tue 16 Oct 2012

LOCATION Arts Project Australia

Every month Leonard Joel holds boutique toy and collectables

24 High Street Northcote VIC 3070

auctions for small collections and those sellers that can’t wait

GALLERY HOURS

for a major sale. If you are a collector of toys or interested in

Mon to Fri 9am-5pm, Sat 10am-5pm

selling your collection contact Giles Moon, Head of Collectables, on (03) 8825 5635 or email giles.moon@leonardjoel.com.au.

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Art RESULTS

JOHN GLOVER (1767-1849) Windsor Castle circa 1824-1826 oil on canvas,145 x 177cm Sold for $90,000 IBP

ART GEMS HIGHLIGHT AN ECLECTIC AUCTION At the Sunday Fine Art Auction on June 24th an otherwise contracting collector base. sold for more than five times its low esti- Hirst and Salvador Dali, rarely seen on the another fresh and varied offering of Austral- And it was clear that in this more cautious mate at $19,520 (IBP). Several contemporary local markets, enjoyed very strong interest ian and International art was on offer. The investment environment $10,000 -$20,000 works stood out amongst a strong offering of with the highlight no doubt being the sale major transactions for the auction were works were the focus of buyer attention. Of modern and traditional period works and as of Koons' delightful sculpture Balloon Dog two rare works by the colonial artist John the Moderns, John Brack's pencil, Reclin- if to reassure the market that quality Abo- (Red) 1995 (lot 127) which tripled its low Glover (1767-1849) that had been in private ing Nude on Couch 1965 (lot 28) realised riginal work still enjoyed a committed buyer estimate to sell for $10,370 (IBP). The aucMelbourne hands since their acquisition $29,280 (IBP) and works by John Perceval, base, Emily Kngwarreye's striking contem- tion achieved a sale total of $840,000 (IBP). in London more than 40 years ago by the Ray Crooke and Albert Tucker also enjoyed porary work, lot 35 in pinks, reds and yel- Entries of fine local and international art are renowned Mark Josem, owner of the Dendy strong interest. Connoisseurs were again lows, titled Wild Flower Dreaming enjoyed now being sought for our September fine art Cinema chain. Windsor Castle (lot 30 and out in force and circled the much admired strong bidding to sell well above the low and sculpture auction. illustrated) and Castle Mont Juvat, in the Val and rare works by Hugh Ramsay, lots 53 estimate for $13,420 (IBP). The end of the For a complimentary market valuation conD'Aoste (lot 29) realised $91,500 and $67,100 and 54, that realised $12,200 and $20,740 sale, typically devoted to overseas buyers, tact Briar William (03) 8825 5608 or email respectively (IBP) and confirmed the depth respectively (IBP) and the coloured linocut offered a carefully curated section of inter- briar.williams@leonardjoel.com.au . of the Leonard Joel traditional buyers in by Ethel Spowers titled Swings (lot 208) that national art and works by Jeff Koon, Damien

Now Consigning for The SEPTEMBER Sunday Fine Art Auction

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PHOTOGRAPHIC AUCTION

PHOTOGRAPHIC AUCTION FOCUS ON ANGUS O'CALLAGHAN

584 ANGUS O’CALLAGHAN (BORN 1922) Outside Art archival print on rag paper 1/10 80 x 80cm $800 - 1,200

585 ANGUS O’CALLAGHAN (BORN 1922) Flinders Street Evening archival print on rag paper 1/10 80 x 80cm $800 - 1,200

503 ANGUS O’CALLAGHAN (BORN 1922) Two Spires, Collins Street, archival print on rag paper 2/10, 80 x 80cm $800 - 1,200

dark in front of the brilliantly-lit Station.

In Angus O’Callaghan’s photographs, we see chased two Yashicaflex twin lens reflex finder at the top of the camera.

a world at once familiar and distant. With medium format cameras, one for black and Testament to the photographer’s skill, in The artist’s colour images bring a heighthis sure eye for capturing the minutiae of white, one colour. O’Callaghan would spend O’Callaghan’s photograph of Bay 13, the ened sense of immediacy: a procession of every day life, O’Callaghan transports us to the next three years photographing his crowd watch proceedings impassively, ciga- observers in front of a temporary, outdoors the Melbourne of over forty years ago with local city on spare weekends and evenings. rettes never far from the lip, but as a coun- gallery presents a symphony of greens so a clarity and freshness that imprints the These images would form the basis for a terpoint, a young boy clutches his Kool- bright it calls to mind the tropics in midsumtempo of life in the late 1960s and early 1970s book prepared with the assistance of his Mints, enraptured by the game unfolding mer. A small sailboat on the Yarra a brilliant into a contemporary viewer’s experience.

wife, Annette, but a publisher was not forth- beyond his sunglasses. O’Callaghan’s cam- triangle of yellow, its reflection captured in

O’Callaghan calls Melbourne “my city, the coming. Bitterly, the couple put the project era captures the detail of the simple summer the still water and behind it, a procession city I love”, yet it was not always a comfort- aside, and it was not to be revived until after dresses, hats and shoes of the spectators, of buses and signage evocative of travel in a bare legs visible against the timber benches.

able existence for the photographer, the Annette’s death.

more leisurely-paced era.

third of twelve children in a family afflicted In O’Callaghan’s images, Melbourne is a A butcher’s shop-window is witness to ear- Angus O’Callaghan’s photographic negaby poverty.

Born in 1922, O’Callaghan’s familiar backdrop to scenes of everyday lier tastes: corned brisket and lamb’s fry, tives lay untouched in a shoebox for over

childhood coincided with the years of the life, but with a sentimental, witty twist. It steak and kidney and ox tongue feature forty years until, at the urging of his second Great Depression, and forced the children is worth noting that capturing these images prominently amongst the bold signage, wife, Lynette, they were presented again for into accepting any work that would assist in in a discreet fashion took some skill: no while a young girl stares at the photogra- viewing. The renaissance of O’Callaghan and his scenes of ‘Marvellous Melbourne’

feeding a hungry family. An interest in pho- zoom lenses to allow the privilege of dis- pher through the window. tography developed during O’Callaghan’s tance, cumbersome equipment in a world Life

resembles

art

once

again

in is a true testament to the power of the pho-

military service during the Second World in which photography was by no means as O’Callaghan’s image of a wintry Melbourne tographer to transport the viewer to another War, when he was made responsible for ubiquitous as digital technology now allows. evening outside Flinders Street Station. world. documenting damaged structures in Syria.

O’Callaghan needed to move in close to his Reminiscent of John Brack’s Collins St., 5pm

This interest in photography remained a subject, and would hold the camera at waist- (1955, NGV Collection), commuters flood constant, and in 1969, O’Callaghan pur- height while looking down into the view- across the intersection, lines of light and

Photographic Auction Sunday 22 July 2012, 2pm

Leonard

Preview Wednesday 18 July 2012 9am – 8pm Thursday 19 July 2012 10am – 4pm

Friday 20 July 2012 10am – 4pm Saturday 21 July 2012 10am – 5pm

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Enquiries Briar Williams (03) 8825 5608 / 0413 912 307 briar.williams@leoonardjoel.com.au

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JEWELLERY RESULTS

This diamond Love bangle by Cartier, realised $8,400 (IBP)

This Ladies Cartier Tank Francaise Diamond Wristwatch with original box, realised $12,660 (IBP)

A FRANK MULLER 'RELIEF' MASTER SQUARE DIAMOND WRISTWATCH Sold for $12,000 IBP

With natural pearls all the rage, this PAIR OF NATURAL PEARL AND DIAMOND EARRINGS in gold and platinum, lot 60, nearly tripled their estimate to sell for $4,320 (IBP)

A DIAMOND RIVIERE NECKLACE

BY KOZMINSKY Sold for $42,000 IBP

DIAMONDS PROVE A SAFE HAVEN At the Fine Jewellery Auction on Sunday

vate and trade clients keen to park some

wristwatches with lot 306, a ladies Cartier

ing buyer’s premium of $705,000. Fine

June 17th 2012 a record number of absen-

dollars in precious gems and metals.

Tank Francaise diamond wristwatch, real-

diamond jewellery, valuable wristwatches

tee, telephone and room bidders were

The highlight of the sale was lot 206, a

ising $12,800 (IBP) and lot 308, a splen-

and luxury items are now being sought

recorded and a packed saleroom only added

diamond riviere by the Melbourne jewellers

did timepiece decorated with diamonds

for our September round of auctions.

to the sense that a healthy auction result

Kozminsky that realised $42,700 against a

by Frank Muller (illustrated) that sold

awaited. Big diamond jewellery, precious

low estimate of $35,000. Diamonds seemed

well above its low estimate of $6,000 for

metal wristwatches and signed jewellery

to dominate the top results for the auction

$12,200 (IBP). Of lots sold 105% by value

was literally “gobbled up” by both pri-

which extended to diamond encrusted

was realised for an auction total includ-

Now consigning jewellery, watches and pre owned luxury for SEPTEMBER 2012

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PRE-OWNED LUXURY RESULTS

PREOWNED Luxury The continued interest in Pre-Owned Luxury of all varieties proved itself at our highly successful June Auction. Despite Melbourne’s cold and blustery weather astute buyers came out in force to bid on a variety of luxury items from up market handbags to select objet d’art. Amongst the large number of designer pieces on offer was a Chanel red quilted handbag that sold for $2,280 IBP. The overall result reflected the continued success of the department at Leonard Joel and its commitment to serve all its customers, both vendors and purchasers in this exciting new category. We are now consigning for our next auction to be held on the 9th of September 2012.

A HANDBAG BY CHANEL Styled in red quilted lambskin with gold metal hardware and conforming woven chain double strap Sold for $2,280 IBP

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VINTAGE DANISH AUCTION

The DAnish Vintage Design Auction Leonard Joel in association with Great Dane presents more than 100 items of Danish furniture and design

AUCTION THURSDAY 5 JULY At 7PM

personally selected by Anton Assaad of Great Dane.

Throughout the year Leonard Joel and Great Dane will be providing its clients with unique offerings of the best of Danish vintage design.

The Danish Vintage Auction Thursday 22 July 2012, 7pm

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Preview Saturday 30 June 2012 10am – 5pm Sunday 1 July 2012 10am – 5pm Monday 2 July 2012 10am – 4pm

Tuesday 3 July 2012 10am – 4pm Wednesday 4 July 2012 9am – 8pm Thursday 5 July Limited Viewing

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Enquiries Eoghan Doherty (03) 8825 5632 eoghan.doherty@leoonardjoel.com.au

Leonard

VINTAGE DANISH AUCTION

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The Graham geddes collection

The Graham Geddes Collection OF important antiques & Objects AUCTION Saturday 15 SEPTEMBER to Monday 17 September 2012 MELBOURNE, AUSTRALIA

A GEORGE II CHINOISERIE LACQUERED SECRETAIRE BOOKCASE $40,000 - $60,000

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The Graham geddes collection

A CHINESE CARVED ZITAN BITONG QING DYNASTY (1644-1912) 19TH CENTURY $4,000 - $6,000

A FINE PAIR OF 19TH CENTURY FRENCH BRONZE FIGURAL LAMP STANDARDS CAST AFTER THE MODEL BY CHARLESGEORGES FERVILLE SUAN $15,000 - $20,000

The Graham Geddes Collection of Important Antique Furniture & Objects Auction Saturday 15, Sunday 16 to Monday evening 17 September 2012

Leonard

Preview Saturday 8 September 2012 10am – 5pm Sunday 9 September 2012 10am – 5pm Monday 10 September 2012 10am – 5pm Tuesday 11 September 2012 10am – 5pm

A FRENCH EMPIRE GILT BRONZE FIGURAL MANTEL CLOCK $1,600 - $2,600

Wednesday 12 September 2012 10am – 8pm Thursday 13 September 2012 10am – 8pm Friday 14 September 2012 (by appointment only)

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Enquiries Guy Cairnduff Head of The Specialist Collector (03) 8825 5611 / 0407 828 137 guy.cairnduff@leonardjoel.com.au

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THE WEEKLY

The Weekly THE DIPLOMAT COLLECTOr

THE ESTATE OF AMBASSADOR WILHELM FABRICIUS

AN 18th CENTURY RUSSIAN ICON DEPICTING ANGELS SOLD $1500 (IBP)

This rare Chinese silk and embroidered gown of the Republic period with dragon motifs with a framed cuff, lot 1102, realised $3,400 plus BP against estimates of $500 - $700.

At our Thursday June 7th auction Leonard Joel was delighted to offer a boutique single-owner collection from the estate of Ambassador Wilhelm Fabricius. Ambassador Fabricius twice held the post of German Ambassador to Australia and also held the post of Consul General in Los Angeles. Items sold included an eclectic offering of religious icons, silver, ceramics, artwork and furniture. A small collection of antiquities from the same estate will be offered later in the year at the Leonard Joel Classic Furniture, Objects & Design auction in November.

The Weekly Auction – Viewing Wednesdays 9am to 8pm / Auction Thurdays 10am / View online at leonardjoel.com.au

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Classic furniture, objectS & design

Classic Furniture Objects Design GRANT FEATHERSTON (1922-1995) AN R160 ROCKING CHAIR AND OTTOMAN UNMARKED SOLD FOR $6100 IBP

Napoleonic Fever at Auction

Entries Invited Classic Furniture Objects & Design

On Sunday June 3rd 2012 Leonard Joel offered almost 400 lots of classic furniture, objects and design. Within the collection was an elegant 19th century teapot with panels depicting soldiers at rest. The teapot carried a rather modest estimate of $800 - $1,200 but with phone bidders registered from around the world all eyes were on lot 291. After intense and protracted bidding it was finally sold for $15,860 (IBP) to a Paris buyer, realising almost twenty times its low estimate. Other exceptional results were realised for both interna-

Auction Sunday 18 November Melbourne

tional and Australian items. The local highlight was undoubtedly the never-before-seenat-auction long case clock by Robert Prenzel (lot 113) that realised $42,944 (IBP) and the international bronze by Franz von Stuck (lot 140) titled Amazon that realised $23,180 (IBP).

Now Consigning

From the Modern era a rare Grant Featherston rocking chair and ottoman (illustrated)

Australian and International Modern Design; European and Australian

realised $6,100. Single items and single-owner collections are now invited for our forth-

Furniture; Porcelain; Silver; Clocks; Australian Decorative Arts; Asian

coming calendar of auctions in the second half of 2012.

Works of Art; Single Owner Collections

Enquiries Guy Cairnduff - Head of Classic Furniture, Objects & Design

Entries must close early September

Tel: +61 (0)3 8825 5611

Specialist enquiries contact Guy Cairnduff on 03 8825 5611

Email: guy.cairnduff@leonardjoel.com.au

Leonard

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Granny's Market

The Granny’s Market Auction

A VERITABLE TIME CAPSULE NOW ON LINE

A largely unreserved dispersal of the stock in trade of an iconic Melbourne antique dealership On Sunday July 15th Leonard Joel will be dispersing more than 1000 items representing the complete collection from Granny’s Market, Armadale. To many this High Street emporium was “the shop” to go to for that curious object, piece of decoration or instrument that no one else had. The business also became known as one of the best sources of props for both window decorators and film producers across the country.

To visit Granny’s Market is to walk back in time and discover things everywhere that remind one of a period, a place or a personality. The Granny’s Market auction will be viewed on site in High Street, Armadale but sold at Leonard Joel in our South Yarra Rooms.

The Granny's Market Auction at Leonard Joel 333 Malvern Rd, Sth Yarra Sunday 15 July 2012, 10am

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Preview on-sIte at 1098 High Street, Armadale Wednesday 11 July 2012 10am – 5pm Thursday 12 July 2012 10am – 5pm

Friday 13 July 2012 10am – 5pm Saturday 14 July 2012 10am – 5pm

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Enquiries Guy Cairnduff (03) 8825 5620 / 0407 828 137 guy.cairnduff@leoonardjoel.com.au

Leonard

STREET ART INTERVIEW

ANDREW KING ON STREET ART Respected local Street Art collectors Sandra Powell and Andrew King are famous for their shift from “traditional” art collecting to cutting edge Street Art. In this interview John Albrecht speaks with Andrew King about this challenging art genre.

When did you first begin to engage with street art?

Toulouse-Lautrec’s

advertising

posters a bit flummoxed, but then it occurred to me constraints - whereas street art is obviously

spring to mind. In recent times, the tipping- to ask her to think of the graffiti as a word created and displayed outdoors, and it’s often

It was almost thirty years ago in Tasco point came when Banksy started appearing puzzle. “How so?” Well, just as your computer exposed to thousands of observers, many of (Mexico) – a huge, intricate rustic mural in major auctions and selling for hundreds has scores of fonts, each graff writer concocts whom may never usually visit a traditional made of ceramic tiles. That led me to the of thousands of dollars. In my opinion, art his own font, his own writing style. Some art gallery or art museum. It’s an egalitarian works of Diego Rivera. Perhaps around the by street artists is the next big art movement, of these forms of writing are deliberately art form available to all - and not just the same time, I always got a chuckle out of a no doubt about it. Most people just haven’t obscure, and seemingly indecipherable – but so-called art elite. piece of political graffiti on a prominent wall recognised it yet. In my view, art by street they can be read. Look carefully and you will There’s a heck of a lot more to street art in Albert Park … Peace Through Superior artists is roughly at the same point that Pop learn. I think she was relieved. .

Art was back in the mid-sixties … ready for an By international Fire Power.

Is there a meaningful difference between graffiti and street art?

exponential take-off.

What do you say to people who have to deal There is to those who practice it, but not with their environments necessarily to outsiders. Graffiti and street being swamped by graffiti art have different traditions and often and street art?

standards, where does Australian street art sit?

than aerosol paint. For example, Vhils creates amazing huge portraits using a small jackhammer to chisel brick and plaster off walls. And there’s paste-ups, sculpture,

Australia is blessed with many world-class water/reverse graffiti, yarn bombing – all street artists who sit very comfortably manner of mediums and techniques. alongside their international colleagues. If one wanted to visit the Melbourne is generally regarded as being international equivalent

different intentions. Graffiti involves letters, My local environment is also so swamped, on par with New York, Berlin, London and of Hosier Lane, Melbourne, usually the artist’s tag. Street art also covers although I suspect that my admiration San Paulo. With a more tolerant attitude by where would one go? graffiti. A prominent Melbourne street artist for much of this stuff is not shared by my authorities, Melbourne could easily become Brick Lane in East London, around with a graffiti background recently told me neighbours! It’s abundantly clear that the world’s premier street art capital. We Thompson Brewery; Five Pointz in New York that “there’s nothing like the pure freedom many people see graffiti as mindless ugly have an incredible depth of talent. of writing graffiti.” It seems to me that many vandalism, and this view is exacerbated WhoM do you consider to

City, and many places in Berlin, especially around Mitte and Kreuzberg.

graffiti writers are not looking to impress a by the fact that it’s nearly always illegal – be the most influential wide audience. Rather, they’re content with whereas well-executed legal murals are often Australian street artists?

How do street artists feel about the For a start, there are the thirteen artists who commoditisation of street the recognition of their crew and other readily accepted. writers. Whereas I think most non-graffiti One day last September, I had the pleasure to Sandra and I took to San Francisco for our art by both galleries artists seek recognition from a much broader watch Aussie artists, New2, Dmote, Reka and Young & Free exhibition last year (Anthony and auction houses? audience. One form is no more important or Sofles paint a huge wall directly opposite a Lister; Kid Zoom; Dabs & Myla; Dmote; The vast majority of street art for sale is legitimate than the other, and both can be primary school in San Francisco. The school’s New2; Ben Frost; Meggs; Ha-Ha; Reka; Rone; probably best described as art by street produced with approval or without approval. fenced playground was only about fifteen Sofles; Vexta). And there are many, many artists, as very little street art is actually metres from the wall, and at lunchtime the other fabulous artists from all over Australia. taken from the streets. So, it’s the artists who Has your view of street

art changed with time?

children were super excited watching the Do you have a view on the

The more I’ve learned about graffiti and boys paint. The kids didn’t know that it was removal of street art from street art, and the more artists I’ve met, the a legal wall, so I figured this added to their public spaces for sale?

are doing the commoditisation; that implies that they’re cool with it. On the other hand, some hard-core, old-style graffiti writers

greater my passion has become. It can be fascination - adults behaving badly! The This doesn’t happen very often because of the reckon commercialisation is a cop-out, and images of startling beauty or poignant pathos, kids were kicking up such a delightful fuss physical constraints of deconstructing and they’re disdainful of those who they perceive witty and humourous, or downright sad – that the principal appeared, demanding to then reconstructing a brick wall, for instance. as selling out. you name it. I love the rebelliousness that is know what was going on. Initially, she was By its very nature, street art is ephemeral. It’s For people who feel at the core of street art. You have people who quite hostile, but she calmed down when I born on the street, and it should be allowed to uncomfortable with street art or simply are prepared to take real risks – sometimes explained the circumstances. She told me die on the street. physical, and oft-times legal – for the sake that she had already scheduled an all-school What is street art’s of their art. I particularly admire the graffiti assembly for later that afternoon, and asked contribution to art?

don’t feel like they can connect with it like they writers and street artists who risk their lives how she could explain the graffiti and street There has never been an art movement can with other art, what art to the children in terms of “an educational with so many active participants. Indeed, would your advice be? in totalitarian countries. outcome”. Whoa! Reka was painting one of it’s difficult to visit even the smallest town Forget the word ‘street’. It’s simply Was there a moment his fabulous colourful characters, so that was or village and not observe where someone contemporary art. If Sidney Nolan was in when street art seemed easy: it’s clearly brilliant whimsical art – but has made their mark. Traditionally, art is his prime today, I bet he’d be painting on the to make the transition what of the three graff pieces? Initially, I was created and displayed indoors, which has its streets. to collectAble art?

Leonard

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Collectables

Springfield percussion rifle $500 - 800

THE BOB SIMPSON AMERICAN CIVIL WAR COLLECTION Cartridge Box and Sling $500 - 800

This remarkable single-owner collection of American Civil War memorabilia was amassed by Bob Simpson during the 1970s-1980s. Many of the items were sourced direct from U.S. militaria dealers and collectors and have been identified and meticulously researched by Bob. The collection is extremely eclectic and includes tintype and carte-de-visite photographs of soldiers, weaponry, uniform, acroutrements, documents and other ephemera.

The American Civil War Auction Sunday 22 July 2012 at 11am

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Enquiries Giles Moon Head of Collectables (03) 8825 5635 giles.moon@leonardjoel.com.au

Preview Wednesday 18 July 2012 9am – 8pm Thursday 19 July 2012 10am – 4pm Friday 20 July 2012 10am – 4pm Saturday 21 July 2012 10am – 5pm

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Leonard

Collectables

Indian Wars era U.S. Campaign Hat $300 - 500

Carte de visite of George Armstrong Custer $500 - 800

Collection of camp equipment $500 - 800

Sixth-plate Tintype of Melvan Tibbetts $200 - 400 Identity Pin & badge of Union soldier Sgt. Oliver Carle $800 - 1,200

Leonard

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Heritage crisis

HERITAGE CRISIS

BY PETER ACTON The last few months have seen an interesting or creatively. Those complaints were much most admired protagonists, not only violate controversy about the neglect of Australian less prevalent when the humanities were basic rules of philosophical logic, but brush literature in our schools and universities. Text recognised as an excellent preparation for lightly over twenty-five hundred years of Publishing has bravely stepped up to publish any non-scientific career, and commercial deep thought by brilliant minds on both sides a large number of well-known Australian and functional skills were known to be easily of the question. books, recognising that if Australia will not acquired by those with a basic education. In a world where people seek truth in 140 preserve its own intellectual heritage, there Why is anyone surprised if those whose characters from a 15 minute celebrity, we is a good chance no one else will.

education consists only of commercial skills cannot afford to lose sight of the great

Sadly this is only a part of a much larger struggle to offer a broader perspective? More thinking of the past. Melbourne offers a heritage problem: the world is in danger of funding for the humanities would not be an supporter base as strong as the humanities losing its heritage of ideas altogether. It is not indulgence; it might be the best investment enjoy anywhere in the world and I believe only Australian literature that is neglected. we can make in the future of our economy.

we can make a difference. Humanities 21

Every arm of the humanities disciplines – Every day we are reminded of how our is a group of committed enthusiasts whose literature, history, philosophy and all their standards of acceptable behaviour towards objective is to develop and promote lecture associated fields – in every university in each

other

are

slipping.

Unthinking programs, seminars and conferences that

Australia, and in many other parts of the discourtesy to other members of the public, a will bring humanities academics closer to world as well, has been cut back, as funding fixation with devices rather than the people the community and especially to business. from

governments

and

philanthropists around us and road rage are all, in their Our free monthly e-newsletter, Humanities

continues its relentless shift towards more different ways, symptoms of a society that in Melbourne, contains a comprehensive vocational courses.

Even where student is losing its will to coexist constructively. It list of public lectures, conferences, articles

numbers are bearing up, the humanities would be foolish to think this can be changed and syllabus

is

increasingly

seminars

in

the

humanities

and

impoverished, by reading a few books, but is it altogether a profiles humanities graduates with diverse

with many important periods, writers coincidence that fewer students are studying careers.

Please join our mailing list and

and thinkers not represented at all. Core the works of great philosophers on the rights show your support by writing to: barbara@ subjects like Shakespeare, classical Athens and duties of citizens, or learning how past humanitiesmelbourne.com and epistemology are often not represented societies have risen and fallen, or immersing in the courses offered even in our best Arts themselves in literature that offers an insight Faculties.

into how other people think and how best to

There is much to lose and perhaps we relate to them?

Peter Acton has a BA and MA in classics from Oxford

are already starting to lose it. Without a The fact is, not many problems are new.

University, an MBA from Stanford and a PhD in Ancient

healthy academic base the humanities’ Challenging political and military situations ability to reach out and affect our lives will have been addressed by leaders before and be diminished. This is not only a matter of different strategies in different circumstances leisure entertainment for those fortunate have met with differing degrees of success.

History from Melbourne University.

He was a Vice

President of The Boston Consulting Group for 13 years and managing partner of its Melbourne Office. He is a Fellow of the Australian Institute of Company Directors and of the Australian Institute of Management.

enough to remember and to enjoy returning It is foolish not to try to learn from that. to what they once studied. There are broader Our feelings are not as special or unique as implications for the way we live.

we might think; poetry and literature can

Business leaders continually lament the teach us how to recognise and respond to difficulty of finding or training staff who feelings in others. Today’s discussions on can see the “big picture” and think logically the existence of God, even in the hands of the Detail Giuseppe Cesari (Called Il Cavalier D'Arpino) (Attributed) (1568 - 1640, Roman School) The Judgement of Paris Oil on copper 43.5 x 51cm Transacted by Leonard Joel for in excess of $100,000 (AUD)

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Leonard

Art Business

ART Business

Where there’s a will - there’s a relative!

Ricky Gervais

By Michael Fox

Inheriting artworks and the resale royalty ited (CAL), administrator of the resale roy- holder’ has been found subsequent to their sought after. Between 2009 and 2011 a total Death taxes, long thought non-existent in alty scheme, advises that “there is no transfer passing (such as Ian Fairweather) or who do of 25 Meadmore works were offered at aucAustralia, were re-introduced by the Federal of ownership until the estate is distributed.” not pass the ‘residency test’ (such as Clement tion in Australia with all selling bar one and Government when its resale royalty scheme This means that all estate distributions of Meadmore) to warrant collection of resale total sales proceeds of $760,000 at hammer. commenced two years ago.

Valuable

Australian

artworks

artworks after June 8, 2010 are in effect royalty. (Artworks by Sidney Nolan fall in this The artist was born in Melbourne and moved inherited transfers of ownership for the purposes of category as discussed in an earlier Art Busi- to New York City in 1963. He became a citi-

and subsequently sold by beneficiaries of resale royalty.

ness column).

zen of the United States in 1976 and passed

deceased estates could attract a 5% levy if Should the artwork subsequently be sold by In the light of the above discussion, it is away in that country in 2005. The United bequeathed after June 8, 2010 (the com- the beneficiary it would therefore be viewed incumbent on the trustees and execu- States does not have a resale royalty scheme. mencement date of the resale royalty as the second transfer of ownership – which tors of estates with valuable artworks to According to CAL, the exemption concernscheme) – however the levy will not apply if satisfies the second element of being “not the make a decision as to whether in the event ing artworks by Fairweather and Meadmore the estate sells the artworks and then distrib- first transfer of ownership of the artwork”.

of death, the artworks will be sold by the may change when:

utes the cash proceeds to the beneficiaries To satisfy the third and final element, the estate or whether they will be gifted to the • the Australian scheme is extended to instead.

commercial resale must be transacted by beneficiaries.

other countries; and/or

This little-understood aspect of the resale what is known in the legislation as an “art Before the abolition of death taxes in Aus- • there is a new successor in title. royalty scheme will have great implications market professional” - helpfully the defini- tralia a generation ago, it was common for CAL further advises: “all resales with a sales for estate planning the longer the legislation tion of an art market professional includes estate trustee services firms to handle the value of $1000+ incl gst must be reported to is in place.

being an auctioneer, the owner or manager sale of valuable collections. The resale roy- us, whether or not a royalty is payable, and

Definition of commercial resale

of an art gallery, the owner or manager of a alty legislation, only two years old, may in we determine if a royalty is payable. There-

To see how resale royalty could impact on museum, an art dealer or “a person other- time see a revival of this practice.

fore please continue to report resales for the

estates let’s look at the definition of a “com- wise involved in the business of dealing in Ian Fairweather and Clement Meadmore artists listed above”. mercial resale” under the legislation.

artworks”. In other words there would be Exempt from Resale Royalty

There are three elements that need to be sat- few excluded classes capable of dealing with Two giants of Australian twentieth-century isfied for a sale of artwork to attract resale valuable artworks sufficient to avoid the sale modern art, Ian Fairweather and Clement royalties -

of an inherited artwork being captured by Meadmore, have been deemed as not cur-

(a) Ownership of the artwork is transferred resale royalties.

rently subject to resale royalties because both

from one person to another for monetary Implications for Estate Planning

artists have no successor with the requisite

consideration; and

Owners of valuable artworks should now be connection with Australia.

(b) The transfer is not the first transfer of more thorough with their estate planning. ownership of the artwork; and

Ian Fairweather’s biographer Murray Bail

Knowing the current market valuation of art- described the artist’s life “as unusual as his

(c) The transfer is not otherwise one of an works in a collection is highly recommended art, a solitary life of hardship and adventure, excluded class.

at all times, now part of that valuation pro- finally devoted to his art. He lived for twenty

If a person inherits an artwork from a per- cess will include discovering whether resale years in a hut on Bribie Island, Queensland, son who has died, there is a transfer of own- royalties could be liable on works that are allowing his life to wander through his work.” ership and the monetary consideration is planned to be gifted to beneficiaries.

Michael Fox is a qualified accountant and

In these circumstances it is not surprising to professional fine art valuer who successfully deemed to be the value of the artwork at the For example, resale royalties apply for the learn that Fairweather may not have made ran the Save Super Art campaign to prevent time of transfer. This type of artwork trans- life of the artist plus 70 years from the year the necessary estate planning contingencies the prohibition of artworks from self-managed fer is also similar to art swaps between artists of the artist’s death. Arthur Streeton passed to enable any of his distant relations to make superannuation funds (SMSFs). He is a member or the gifting of works. Money may not have away in 1943 which means there will be no claim over the proprietary rights in this art. changed hands but the right to deal with the resale royalty right for this artist in the year Clement Meadmore (1929-2005) is one of physical artwork certainly has.

2014.

of the Leonard Joel Valuation Panel and is

engaged exclusively by Leonard Joel to provide advice to their clients in relation to artwork

Australia’s best-known contemporary sculp- investment in SMSFs. He may be contacted at In relation to estates Copyright Agency Lim- There are also artists for whom no ‘right tors and his sculptures are highly traded and michael.fox@superartbusiness.com.au.

Leonard

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