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Page 1: LEONARD, issue 9, August 2012

ISSUE NINE / AUGUST 2012

FREEPLEASE TAKE

A COPY

Page 2: LEONARD, issue 9, August 2012

If you would like to receive Leonard you can subscribe online at leonardjoel.com.au for free digital delivery.If you would like to receive a printed version you can collect a free copy at Leonard Joel.If you’d prefer to be sent Leonard by mail you can subscribe to Leonard for $44 per year for postage and handling.

VALUATION AND CLIENT SERVICES

Monique Le Grand Phone + 61 (0) 3 8825 5620Email [email protected]

CORPORATE & PRIVATE COLLECTIONS

John Albrecht, Managing Director Phone 0413 819 767Email [email protected]

ART

John Albrecht, Head of ArtPhone + 61 (0) 3 8825 5619Email [email protected]

Nicole Salvo, Art SpecialistPhone + 61 (0) 3 8825 5624Email [email protected]

JEWELLERY

John D’Agata, Head of JewelleryPhone + 61 (0) 3 8825 5605Email [email protected]

CLASSIC FURNITURE, OBJECTS AND DESIGN

Guy Cairnduff, Head of Classic Furniture, Objects and DesignPhone +61 (0) 3 8825 5611Email [email protected]

COLLECTABLES

Giles Moon, Head of Collectables and BooksPhone + 61 (0) 3 8825 5635Email [email protected]

BOOKS AND MANUSCRIPTS

Giles Moon, Head of Collectables and BooksPhone + 61 (0) 3 8825 5635Email [email protected]

PRE–OWNED LUXURY

John D’Agata, Head of JewelleryPhone + 61 (0) 3 8825 5605Email [email protected]

NATURAL HISTORY

Giles Moon, Head of Collectables and BooksPhone + 61(0) 3 8825 5635Email [email protected]

THE SPECIALIST COLLECTOR FOR SINGLE OWNER AUCTIONS

Guy Cairnduff, Head of The Specialist CollectorPhone +61 (0) 3 8825 5611Email [email protected]

THE WEEKLY AUCTION

Eoghan DohertyPhone + 61 (0) 3 8825 5632Email [email protected]

DIGITAL MEDIA

Clare Greig, Digital Media Manager Phone + 61 (0) 3 8825 5613Email [email protected]

Leonard Joel Specialists

LEONARD JOEL

Primary Salerooms

333 Malvern Road,

South Yarra, Victoria 3141

Australia

Tel: +61 (0) 3 9826 4333

Fax: +61 (0) 3 9826 4544

Subscriptions

Leonard is published 10 times a year by Leonard Joel. If you have any questions regarding Leonard please contact 03 9826 4333

CoverBRUNO BENINI (1925-2001) Graeme Jones, Robyn Fong, Lucinda Wills model Concept for Gala, National Gallery of Victoria 1972 silver gelatin photograph37 x 27.5cmSold $1,020 IBP

PhotographyRick Merrie

DesignerMaria Rossi

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Page 3: LEONARD, issue 9, August 2012

FOREWORD

At our recent American Civil War auction

at Leonard Joel an interesting fact emerged.

Not one of the forty four buyers had received

a hard copy catalogue in the mail. This raised

several questions. How did the buyers find

out about the auction? What was the point

of a catalogue being printed? Just how long

will it be until auction catalogues, in their

hard copy format, become an extinct spe-

cies? Recently a client advised me not to

illustrate a painting in a forthcoming cata-

logue to relieve him of the applicable Vis-

copy reproduction fee. His opinion was that

“everyone is online and no one looks at the

catalogue anyway”. I’m not convinced he’s

entirely correct but his observation, every

year, every month and every week seems to

be becoming more accurate. Auctioneers

will not tell you this but they would love to

mostly dispense with the time, expense and

angst associated with the production of large

scale catalogues. Why don’t they/we? A few

reasons at present. Firstly, it is still consid-

ered the most prestigious marketing tool in

the suite of communications before an auc-

tion. Secondly, not everyone is online, yet!

Finally, I think we humans have a very real

and very primal attachment to document-

ing, in physical mediums, and storing our

achievements or our memories on a shelf or

on a wall. I suspect that over the next decade

hard copy catalogues at auction will simply

no longer exist unless a very big client, with

a very big collection, wants to subsidise the

expense; either for memories sake or because

they believe the “thumping big catalogue” is

still the way to go. So the question remains.

If catalogues in hard copy are so important

why were they so unimportant at our recent

American Civil War auction? Probably

because not even we are aware of how vast

and pervasive the movement of information

through the internet quite is. The beauty of

the internet, for me as an auctioneer, is that it

seems the information that we upload takes

a journey much further and wider than our

traditional comprehensions about the reach

of websites and emails. There’s something

a little Russian Roulette about posting out

1000 catalogues and crossing your fingers

that they hit the “right” mailboxes! Digital

technology has taken the traditional cata-

logue on a much wilder and more valuable

ride and this evolution will only continue.

NO ONE LOOKS AT THEM ANYWAY

BY JOHN ALBRECHT

1 AUGUSTLEONARD

Page 4: LEONARD, issue 9, August 2012

CONTENTS

AUGUST CONTENTS

CALENDAR 3

NEWS 4

ART AUCTION 6

JEWELLERY 8

KAZARI WAREHOUSE AUCTION 10

THE GRAHAM GEDDES COLLECTION 12

THE WEEKLY 14

CLASSIC FURNITURE, OBJECTS

& DESIGN 15

ANGUS O'CALLAGHAN 16

COLLECTABLES 18

COLLECTABLE RESULTS 19

ANNE MARIE GRAHAM 20

ART BUSINESS 21

GET LEONARD ALL THE TIME

SUBSCRIBE

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 contribu-

tors 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

or for subscription information contact [email protected].

FROM SINGLE ITEMS TO COLLECTIONSIf you have a single item or collection you

wish to sell, the Leonard Joel team of spe-

cialists can guide you through the entire val-

uation and auction process. We can provide

you with experts across all collecting fields,

no less than thirteen categories of auction to

select from and the most expansive calendar

of catalogue auctions in Australia. Leon-

ard Joel specialists conduct insurance and

market valuations for the entire spectrum

of clients - private collectors, corporations,

museums, fiduciaries and government enti-

ties are advised by our valuers and special-

ists on a daily basis.

TAILORED TRUST AND ESTATE SERVICESLeonard Joel has a long and distinguished

history of assisting both trust companies and

executors with the dispersal of important

collections. We provide fiduciaries (lawyers,

trust officers, accountants and executors)

with a complete suite of services to manage

accurately and successfully the dispersal

of large and small estates. Our services are

specially designed to aid in the appraisal

and dispersal of fine art, antiques, jewel-

lery, objet d’art, collectables, books & manu-

scripts and general household contents.

THINKING OF SELLING?

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

AUSTRALIAN AND INTERNATIONAL ART

FINE JEWELLERY AND WRISTWATCHES

PRE-OWNED LUXURY

CLASSIC OBJECTS AND FURNITURE

MODERN DESIGN

SINGLE OWNER COLLECTIONS

COLLECTABLE TOYS AND SPORTING MEMORABILIA

MILITARIA

BOOKS AND MANUSCRIPTS

A LARGE RECTANGULAR GILT METAL CAGED SINGING BIRD AUTOMATONSold for $3,600 IBP

2 LEONARDAUGUST

Page 5: LEONARD, issue 9, August 2012

FORTHCOMING AUCTIONS

The Weekly Auction Every Thursday in 2012 – 10am333 Malvern Road, South Yarra, Melbourne, Victoria

The Collectables Watch Auction Thursday 2nd August 2012 - 12pm 333 Malvern Road, South Yarra, Melbourne, Victoria

The Monthly Toy Auction Thursday 9th August 2012 - 12pm 333 Malvern Road, South Yarra, Melbourne, Victoria

Kazari Warehouse Auction Sunday 19th August 2012 - 12pm 7 Hill Street, Cremorne (Richmond), Melbourne, Victoria

The Australian Art Investment Trust Auction UNDER INSTRUCTIONS FROM THE DEED ADMINISTRATORS OF THE TRUSTEE OF THE AUSTRALIAN ART INVESTMENT TRUST Sunday 26th August 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

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

Modern Design Auction Sunday 7th October 2012 – 2pm 333 Malvern Road, South Yarra, Melbourne, Victoria

Classic Furniture, Objects & Design Auction Sunday 18th November 2012 – 12pm 333 Malvern Road, South Yarra, Melbourne, Victoria

CALENDAR

Leonard Joel is a proud supporter of Arts Project Australia

Auctions and viewing times are subject to change.

Consigned for The Graham Geddes Collection of Important Antique Furniture & Objects Auction

22A PAIR OF ARCHITECTURAL, CLASSICALLY INSPIRED COLUMNS $2,600 - 3,600

3 AUGUSTLEONARD

Page 6: LEONARD, issue 9, August 2012

NEWS

At the third annual photographic auction at Leonard Joel

on Sunday 22nd July two hundred works by Australian,

international and unknown artists went up for public auction.

The sale was marked by the first time auction offerings of work

by both Angus O'Callaghan and Bruno Benini. O'Callaghan's

images of Melbourne in the post-war period, both in color and

black and white, attracted strong bidding and the highest price

realized for the artist was for the colour work lot 581, titled

Royal Arcade, which sold for $2200 plus buyer's premium (BP).

Benini's portraits of posed women in lavish dresses and often

sumptuous surrounds provided an interesting, alternate view of

Melbourne and its interiors. Numerous of his works sold above

estimate with the highest price paid for lot 544, a portrait of

Helen Homewood (illustrated), which realized $1500 plus BP.

Works by Sievers, Dupain, Stern and Strizic also graced the

catalogue and sold well with the highest price for the auction

jointly held by Sievers and Dupain for Advertisement for

Elbeo Stockings, Contempora, Berlin 1938 and Flinders Street

Station 1946 respectively, both realizing $3200 plus BP. A high

sale rate and a well attended room confirmed the growing

appetite for collectable photography in Australia and collector

enthusiasm for artists "new" to the auction scene. We are now

inviting entries for our next major photographic auction.

Enquiries

Nicole Salvo | Art Department

Tel: +61 (0) 3 8825 5624

Email: [email protected]

On Thursday 2nd August Leonard Joel will offer a delectable

collection of Fine Wristwatches including brands such as Rolex,

Seiko, Tissot and an international watch company Schaffhausen.

Enquiries

Robert Haigh | Jewellery Assistant

(03) 8825 5618

[email protected]

SUCCESSFUL DEBUT FOR TWO PHOTOGRAPHERS

AUCTION THURSDAY 2 AUGUST AT 12PMVIEW WEDNESDAY 1 AUGUST 9AM TO 8PM

LOT 2570A JAEGER LE COULTRE MEMOVOX MASTER COMPRESSOR WRISTWATCH$8,000 - 12,000

COLLECTABLE WATCH AUCTION

4 LEONARDAUGUST

Page 7: LEONARD, issue 9, August 2012

NEWS

Enquiries

John Albrecht | Head of Art

(03) 8825 5619

[email protected]

CONSIGNING FINE ART

DANISH DESIGN

This three seater GE-236 sofa by Hans Wegner (1914-2007) realised $4,.080 IBP at our recent Danish Design evening auction.

ENTRIES CLOSE FRIDAY 10 AUGUST

AUCTION SUNDAY 23 SEPTEMBER

ETHEL SPOWERS (1890-1947)Sold $19,200 IBP

On Sunday 15th July at 10am Leonard Joel undertook the rather

mammoth task of dispersing some 1000 lots from the Granny’s

Market collection. The Specialist Collector department was

delighted to be engaged by the proprietors to catalogue and

market this unique offering of literally “everything”. Granny’s

Market became synonymous in Melbourne as the “go to place”

for that rare thing that couldn’t be found anywhere else. It was

also not long before set designers for movies, TV series and

large retail chains realized that they could satisfy every quirky or

challenging decorating whim at the High Street establishment.

To walk in to Granny’s Market was to walk in to an interior that

felt and looked like a Dickensian antiquarian dealer that always

had something hidden away for a special visitor. The auction

brought out collectors from all walks of life and they were

treated to an extraordinary array of objects and furnishings, from

rare enamel vintage signs from around the world, to antique

desk sets through to items as diverse as pigeon clocks!

The collection was completely sold by 6.30pm with a sale

total just shy of the expected $200,000 total excluding

buyer’s premium. Highlights from the auction included a rare

Victorian Cadburys chocolate counter (lot 371) that tripled its

estimate to realize $3,200 plus buyer’s premium and a rare

Victorian printing press (lot 16) by J. RICHARDSON of Fleet

Street London that realised $2,400 plus buyer’s premium.

AUCTION MARKS END OF AN ERA

A COLLECTION OF TEN REVOLVING WORLD GLOBESSold $2,040 IBP

Nicole Salvo | Art Specialist

(03) 8825 5624

[email protected]

5 AUGUSTLEONARD

Page 8: LEONARD, issue 9, August 2012

ART AUCTION

The Australian Art Invetsment Trust AuctionSunday 26 August 2012, 2pm

PreviewWednesday 22 August 2012 9am – 8pmThursday 23 August 2012 10am – 4pm

Friday 24 August 2012 10am – 4pmSaturday 25 August 2012 10am – 5pm

EnquiriesJohn Albrecht(03) 8825 [email protected]

24GEOFF LAGERCHE (BORN 1940)Rocks and Water, Wilson’s Promoil on linen72 x 200cmEstimate on request

33KIM WESTCOTT (BORN 1968)Kelly 1, 2003etching 6/1288 x 119cmEstimate on request

THE AUSTRALIAN ART INVESTMENT TRUST AUCTIONUNDER INSTRUCTIONS FROM THE DEED ADMINISTRATORS OF THE TRUSTEE OF THE AUSTRALIAN ART INVESTMENT TRUST

On Sunday August 26th an extraordinary collection of oil paintings

and editions from many of Australia’s foremost artists will be offered

for public auction at Leonard Joel. The works of art form the core

collection of The Australian Art Investment Trust (AAIT) that is now under

instructions from the deed administrators Taylor Woodings. The AAIT

invested in works of art and leased these works throughout the country

to various commercial and corporate operations. The collection was

curated to ensure that works complimented and enhanced working and

recreational environments and as such this auction provides a rare and

abundant opportunity for collectors, decorators and interior designers

looking for suites of works and impressive single works for collection

and corporate display. Literally hundreds of works will be offered at

fair market prices and shortly a full colour catalogue will be available

for purchase. To register your interest for this auction please contact

Nicole Salvo, Art Specialist at [email protected]

6 LEONARDAUGUST

Page 9: LEONARD, issue 9, August 2012

ART AUCTION

42MARK SCHALLER (BORN 1962)Siren Nudeacrylic on canvas137 x 183cmEstimate on Request

233GRAHAM FRANSELLA (BORN 1950)Head on Tracketching A/P88 x 72cmEstimate on request

225CHARLES REDDINGTON (BORN 1929)Hot Sand and Sunacrylic on linen137 x 127cmEstimate on request

154ROGER BYRT (BORN 1959)Arabesqueoil on linen111 x 111cmEstimate on request

7 AUGUSTLEONARD

Page 10: LEONARD, issue 9, August 2012

JEWELLERY

NOW CONSIGNING JEWELLERY, WATCHES AND PRE OWNED LUXURY FOR SEPTEMBER 2012

For over three hundred years, watch mak-

ers all around the world have been con-

structing the pocket watch. There has been,

however, a recent revival in their popularity

– as gifts to celebrate weddings or to mark

a monumental birthday. The attraction of

a humble, clean pocket watch on a match-

ing chain – reminiscent of quality, style and

elegance of old – surpasses mod cons and

quick fads. There is nothing quite like the

weight and feel of a carefully assembled

pocket watch and effortlessness of flipping

open the lid to reveal the time.

The watch maker’s imagination is reflected

in the infinite variety available. Count-

less styles, such as victorian, art deco, and

military, and incredible materials, from

gun metal to sterling silver and solid gold,

enamelled or set with precious stones. The

mechanical craftsmanship further adds to

their intrigue. Some perform the simple

task of telling the time, while others are full

complications, repeating the hours, quar-

ter hours and minutes, dates, months and

phases of the moon.

Most alluring of all is the history involved

in gifting a pocket watch. Whether it is

through passing it on to the next genera-

tion, or giving it a new life through celebra-

tion, a pocket watch has the ability to cap-

ture history through the marking of time.

When looking at acquiring a pocket watch,

ask yourself this. Where has this watch

been? Who had owned this watch? What

has this watch seen? If only these remark-

able time pieces could talk. So next time

you see a pocket watch just think; what can

it tell me about its life.

Philip Gore

Ferntree Gully Watch & Clock

TIC TOCPOCKET WATCHES - THE NEW BLACK!

A ROLEX POCKET WATCHSOLD $3,120 IBP

8 LEONARDAUGUST

Page 11: LEONARD, issue 9, August 2012

JEWELLERY

AN ENGLISH PAIR CASE VERGE POCKET WATCH MADE FOR THE DUTCH MARKET, THE DIAL SIGNED STOAKES, LONDON, CIRCA 1720SOLD $1,320 IBP

A SILVER CASED VERGE POCKET WATCH CIRCA 1710SOLD $4,800 IBP

A FRENCH SILVER CASED QUARTER REPEATING SKELETON POCKET WATCH THE MOVEMENT SIGNED E. FERRIER, 66 RUE DE RENNES, PARIS, CIRCA 1850SOLD $2,640 IBP

AN ENGLISH STERLING SILVER PAIR CASED VERGE POCKET WATCHSOLD $1,200 IBP

AN ENGLISH/DUTCH PAIR CASED VERGE POCKET WATCH THE DIAL SIGNED D KOSTER, AMSTERDAM, CIRCA 1710SOLD $4,800 IBP

A FRENCH 'ONION' VERGE POCKET WATCH CIRCA 1690SOLD $7,200 IBP

AN ENGLISH 18CT GOLD PAIR CASE VERGE POCKET WATCH WITH A SHAGREEN OUTER CASESOLD $4,800 IBP

A SWISS SILVER CASE DOUBLE DIAL CHRONOGRAPH CIRCA 1900SOLD $360 IBP

9 AUGUSTLEONARD

Page 12: LEONARD, issue 9, August 2012

KAZARI WAREHOUSE AUCTION

Kazari Warehouse AuctionSunday 19 August 2012, 12pmAuction & Viewing On-Site at7 Hill Street, Cremorne (Richmond) Melbourne, Victoria

PreviewSaturday 11 August 2012 10am – 5pm Sunday 12 August 2012 10am – 5pmWednesday 15 August 2012 10am – 8pm Thursday 16 August 2012 10am – 5pm

Friday 17 August 2012 10am – 5pm Saturday 18 August 2012 10am – 5pm No viewing auction day

EnquiriesGuy CairnduffHead of The Specialist Collector(03) 8825 5611 / 0407 828 [email protected]

AUCTION SUNDAY

19 AUGUSTAT 12PM

KAZARIWAREHOUSE AUCTIONView catalogue online atwww.leonardjoel.com.au

Bid live for this auction atwww.artfact.com

Easy Weekend Parking(Car Park also opposite Coco Republic, Church St)

10 LEONARDAUGUST

Page 13: LEONARD, issue 9, August 2012

KAZARI WAREHOUSE AUCTION

It is now possible to see the wood for the

trees at Kazari Warehouse at 7- 11, Hill St,

just off Church St., Richmond – an area now

known as Cremorne. Stacked to the rafters

for far too long, furniture piled too high for

most to see or imagine in the home, there

is now a spacious new arrangement with

pieces newly emerged from the dust to be

admired anew, as if fresh out of the con-

tainer, including C17th, C18th and C19th

Chinese furniture and Chinese and Japa-

nese architectural pieces, previous stored

by the Directors for a possible grand design

home. Items in this Warehouse auction are

equal to many pieces at Kazari Collector, the

main store and gallery space 450, Malvern

Rd, with fine art, screens and collectables

along with a quality selection of Japanese

and Chinese furniture.

“Reorganising the shape of the business is

essential in these times, just as when we

first opened our warehouse to the public in

the mid 80’s recession. Champagne open-

ings were considered poor taste, then,” says

Jo Maindonald. “Kazari was one of the first

warehouse outlets in the part of Richmond,

now called Cremorne.”

Clear space is available at the warehouse

because earlier this year, Ziguzagu, the pop-

ular vintage Japanese kimono textile part

of the business, moved to Kazari’s Annex

at 440, Malvern Rd, Prahran, next door to

Kazari Collector. “There was a well beaten

path from a steady stream of lovers of beau-

tiful textiles; from creators of quilts to fash-

ionistas from fashion houses in search of

special details, says ” Robert Joyce, Kazari’s

other director.

Robert, who has been the main buyer for

Kazari since the early days in High St, when

the buying was mostly from Japan says,

“I’ve been buying in mainland China since

the mid 90’s, when China opened up for

trade. Only a few years ago, the local mar-

ket was sceptical about what was coming

out of China. Now, as everyone knows, there

are Chinese people scouring the world and

sending items back. “

The items in this auction include an eclectic

mix of small decorative items, some unusual

art objects; a Chinese colonial four poster

bed from Malacca, a Chinese opera bench

and Japanese erotic art are included with

the lots to be sold off –the estimates range

from $50 to $5,000 – and there are more

than 600 items.

Some auction highlights include:

A late 17th century, Qing dynasty, armour

plated security door – suitable as a front

door in a contemporary architectural

designed home, a feature in a courtyard, or

door to a wine cellar.

• 50 lots - other architectural features

including Japanese Edo and Meiji period

doors, nineteenth century security doors

and decorative panels, summer sliding doors

and papered shoji panels.

There are several Chinese Buddhist altar

tables from Qing dynasty temples in Qinghai

province, bordering Tibet – which have trav-

elled 4,000 kilometres to market in Beijing

over potholed roads. These work incredibly

well in long narrow hallways and under con-

temporary art works or Japanese screens.

• 30 lots - Japanese screens including some

we haven’t time to repair – estimates $100 -

$1000, though many are really worth much

more. Hanging mechanisms, in some cases,

will easily support these screens on the wall

as large mural pictures, or for use as free

standing dividers. Repairs can be made by

our resident Japanese paper conservator – it

is advisable to get quotes before auction.

Karuma dansu, rare chests on wheels and

Kaidan dansu, intriguing and ever popular

stair case chests.

Also included is a plethora of assorted items

including ceramics, lacquer items, ephem-

era, tea ceremony items, baskets, boxes,

gessoed puppet heads, Chinese carpets and

Japanese bamboo carpets and a Chinese

colonial four poster bed from Malacca plus

Bob Daly mural sized circus canvas hoard-

ing to collectable manga posters and shunga

erotic art.

• 20 Shelf lots – of assorted items.

50 lots - of other pieces of Chinese furniture

– excess to requirements – benches, seats,

desks, cupboards and various tables and

stools.

• 20 lots - Sideboards – functional furniture

for dining rooms and TV’s – some up to 4 m

long.

• 15 lots - make up an eclectic mix of coffee

tables from different periods and origins –

early nineteenth century Chinese day beds

to sophisticated Japanese carved Kamakura

lacquer tea tables.

• 20 – 30 lots Erotic paintings ( shunga),

Ukiyo-e, Japanese woodblock prints and

several framed and unframed paintings.

• 40 – 50 lots of Imari and Seto-ware – por-

celain and ceramics.

• 10 – 15 lots chests of drawers from Japan,

chests on chests, cho-dansu and small tea

cabinets.

• 40 lots of textiles – bundles and boxes of

kimono, ukata or summer dressing gowns,

banners, obis, Boy’s Day fish and other ban-

ners – excess to requirements.

Japanese style stone lanterns and water

pots.

11 AUGUSTLEONARD

Page 14: LEONARD, issue 9, August 2012

THE GRAHAM GEDDES COLLECTION

THE GRAHAM GEDDES COLLECTION OF IMPORTANT ANTIQUES & OBJECTSAUCTION SATURDAY 15 SEPTEMBER TO MONDAY 17 SEPTEMBER 2012 MELBOURNE, AUSTRALIA

190A IMPORTANT ITALIAN PAINTED, IVORY INLAID EBONY AND EBONISED CABINET* CIRCA 1860 $46,000-55,000

12 LEONARDAUGUST

Page 15: LEONARD, issue 9, August 2012

THE GRAHAM GEDDES COLLECTION

The Graham Geddes Collection of Important Antiques & ObjectsAuctionSaturday 15, Sunday 16 to Monday evening 17 September 2012

Preview at 877 High Street Armadale, Melbourne, AustraliaSaturday 8 September 2012 10am – 5pmSunday 9 September 2012 10am – 5pmMonday 10 September 2012 10am – 5pm

Tuesday 11 September 2012 10am – 5pmWednesday 12 September 2012 10am – 8pmThursday 13 September 2012 10am – 8pmFriday 14 September 2012 10am - 5pm

EnquiriesGuy CairnduffHead of The Specialist Collector(03) 8825 5611 / 0407 828 [email protected]

140A PAIR OF EARLY 19TH CENTURY VENETIAN ENAMELLED GLASS WALL MIRRORS $20,000-30,000

735A PAIR OF 19TH CENTURY FRENCH GILT BRONZE MOUNTED VARIEGATED MARBLE CASSOLETTES $6,000-8,000

540A FRENCH EMPIRE GILT BRONZE FIGURAL MANTEL CLOCK $1,600-2,600

395A MONUMENTAL PAIR OF 19TH CENTURY FRENCH BLACKENED CAST IRON FIGURAL TORCHERES EACH BEARING A PLAQUE INSCRIBED L. DENONVILLIERS & FILS MAITRES DE FORGES 174, RUE LAFAYETTE, PARIS $36,000-42,000

100A FINE QUALITY LOUIS XV STYLE ORMOLU MOUNTED KINGWOOD AND PALISANDER BUREAU PLATMAKER’S MARK P. SORMANI, PARISLATE 19TH CENTURY $50,000-60,000

13 AUGUSTLEONARD

Page 16: LEONARD, issue 9, August 2012

THE WEEKLY

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

THE WEEKLY

At our recent weekly Jewellery Auction a happy client jumped the queue and acquired this Birkin handbag by Hermes for $11,590 IBP

Leonard Joel, under instructions from Tim Goodman, adviser

to the powers of attorney, recently offered for public auction

a most interesting collection of antiques and collectables from

NSW which included furniture, European and English silver,

ceramics, art, jewellery and collectable books. This late 18th

century life sized oak carving was one of the more interesting

items from the dispersal and it realized $3120 (IBP).

14 LEONARDAUGUST

Page 17: LEONARD, issue 9, August 2012

CLASSIC FURNITURE, OBJECTS & DESIGN

NOW CONSIGNINGENTRIES CLOSE 28 SEPTEMBER 2012

CLASSICFURNITUREOBJECTS &DESIGN

A FINE QUALITY PAIR OF FRENCH BRONZE AND GILT BRONZE CANDELABRA FOUNDRY MARK FOR HENRI PICARD, 19TH CENTURYSOLD FOR $9,600 (IBP)

ROBIN DAYA RECLINING CHAIR England, 1952

Enquiries

Eoghan Doherty | Manager of Weekly Furniture

Tel: +61 (0) 3 8825 5632

[email protected]

Enquiries

Guy Cairnduff | Head of Classic Furniture, Objects & Design

Tel: +61 (0) 3 8825 5611

[email protected]

AUCTION SUNDAY 7 OCTOBER 2012

MODERN DESIGN

ENTRIES CLOSE

17 AUGUST2012

15 AUGUSTLEONARD

Page 18: LEONARD, issue 9, August 2012

ANGUS O'CALLAGHAN

On July 22, photographer Angus

O’Callaghan’s photographic prints went

under the hammer at Leonard Joel. This

little known Australian photographer’s

works were sold alongside the likes of

photographic icons and household names

Wolfgang Sievers, Helmut Newton, Max

Dupain, David Hockney and Mark Strizic.

Ben Albrecht who represents Angus, and

is responsible for the rediscovery of Angus’

works, believes the auction was a “really

great way of getting his name out there,

I really wanted his photography to have

a listing on the secondary art market.”

Looking through the viewfinder with Angus

it is hard to believe that we are only just

now discovering this unique documenter of

Melbourne in the sixties. I had the rare and

exciting opportunity to sit down and speak

with Angus and ask what had inspired his

documentation and why had we not had the

privilege of seeing it until now. The answer

I would find was an inspiring story of never

giving up your passion.

Angus’ story is not an unfamiliar one for many

born of his generation. Born in Melbourne,

seven years before the great depression

and one of 12 siblings, Angus O’Callaghan

began his journey into photography in what

most would think to be the last place such

a creative endeavor would occur. He was

consigned as an unofficial photographer

whilst serving for the Australian Army as

an engineer in Syria in the Second World

War for two years. Here he was responsible

with the task of photographing damaged

structures and bridges using his own camera,

never seeing the photographs beyond the

negative stage. He then developed an interest

in photojournalism while working as an

English teacher in Melbourne. Documenting

the Suez Canal crisis of 1956 using a

standard 35mm camera, Angus returned

with a suitcase full of slides which Women’s

Weekly published, his first commercial

commission. It was then that he decided to

setup a studio as a photographer. “I didn’t

actually set up as a fashion photographer or

a wedding photographer, I thought, I will do

a book that was the thing to do at that time, a

book of a city, Melbourne city.”

Japanese camera manufacturer, Yashica,

produced the 635 in 1958, a medium format

twin lens reflex or TLR camera using 120

roll film at 6” x 6”. It was this camera that

Angus captured his social documentation of

a changing city, the city of Melbourne.

“I read a lot about professional

photographers from overseas, Europe and

America and in many ways they were more

advanced, except for the few we had here.

They recommended the medium format, so

I bought two of those at $45 each. They were

sitting in a window in Collins Street up near

George’s. I remember seeing them in the

window there and they attracted my eye and

the price, I can buy two instead of one. One

for black and white, one for colour.”

Angus would often take a photo of a scene

in both mediums. He explains that using

these cameras with their fixed lenses was

quite a disciplined format to work with and

having no telephoto lenses; his principal

technique was to walk in close to a subject

or walk out. This created a voyeur almost

fly on the wall approach to his photographs.

“You feel like you could be there.” He says.

The quality of the photographs he found

to be better than expected which was

confirmed when they were produced in a

large format. Angus: “they are quite sharp,

more resolution than I expected. Because

I was only thinking of publishing my

photography at book size, nothing bigger”

His plan was to document his love for the

city and publish a book of photographs,

to capture an image of a city’s landmarks

in a new way. So from 1968 he began

documenting the architecture, the people

and the city itself, documenting the shifting

attitudes and surroundings of Melbourne in

the late sixties. Of particular importance for

this period of his work is that at the time the

city’s Victorian architecture, particularly

what was then known as the ‘Golden Mile’

of Collins Street, was being demolished and

dramatically redeveloped by Melbourne’s

premier demolition fellow ‘Whelan the

Wrecker’, responsible for the demolition of

many iconic Melbourne architectural sites

of the 1960s. Subsequently, the destruction

of these buildings prompted the formation

of the National Trust of Victoria. Angus

remembers seeing Whelan the Wrecker

demolishing the city he loved: “He used to

drive me mad, walking around the city with

all of this destruction going on.” Lucky for us

Collins Street is featured quite prominently

in Angus’ images, giving us a visual

documentation of these absent structures

residing now only in our nostalgic, hazy

memories.

Angus’ images shy away from the

stereotypical, almost tourism campaign

shots, which were so common in books,

published on Australia at the time, ‘Graham

Kennedy’s Melbourne’ published in 1967

by Thomas Nelson Limited comes to mind.

An agenda to represent Australia to the

world in such a way as to project an image

of a country full of endless beaches, red

earth, bushmen, with modern, livable,

thriving cities, whereas Angus captured

those elements of a city that weren’t grand.

He chose to show a different angle and

take an approach that at the time wouldn’t

have been marketable to an international

audience, something that didn’t reinforce

the stereotype of the archetypal Australian

image. “You are looking for something

that is different and interesting,” He says,

“There was a provincialism, ours is the

best, if it isn’t, we will make it the best and

tell the world it’s the best. So when people

saw my work they thought, that’s not really

Melbourne, we know its Melbourne, but

where’s the grand panorama?”

It is not hard to appreciate that at the time

his images didn’t project an image to the

world of how we craved to be perceived

to an international audience. It’s not until

we look at his work 40 years on that the

importance of what he captured can finally

be recognized and regarded as one of the

most significant collections of Melbourne

documented on film.

The imagery doesn’t evoke a sense of

grandeur, more so the everyday, the

commonplace, the changing city. Young

& Jackson neon lights, drizzly Melbourne

weather on Princess Bridge, new migrant

butcher shops spruiking 29 cent Corned

Brisket and Lamb’s Fry, Milk bars with

‘Moon Men Fit” broadsheets decorating the

pavement, the fondly remembered Southern

Cross Hotel with its minty hues, the block

arcade with its Minnie skirts and shopping

Nuns. There is a subtlety in the imagery

where nothing is overstated. An obvious

angle one would photograph the hulk that

is Flinders Street Station would be to stand

adjacent to the station in front of St Paul’s

Cathedral with a wide-angle lens to create

an imposing, announcement of a city pining

for recognition on a world stage, an image

that could be printed on a postcard and

posted across the world and to the mother

country. Instead Angus sees beyond the

obvious and looks for subtly in the everyday,

taking his images as if like a voyeur in a city

bustling with change and neon. You can feel

his love for the city in each image; they are

love letters to a city. “You have to know the

city. I went to Sydney for a couple of weeks,

my sister was living there, and I got keyed

up but it wasn’t the same, I didn’t know the

city, I knew of it, I had been there, but as a

tourist, I didn’t really know the city like the

Sydneysiders know it, what to really look

for.”

ANGUS O’CALLAGHANTHE CITY IS LIFE

BY EAMON DONNELLY

Angus O’Callaghan’s 1958 Yashica 635 medium format TLR camera.(detail)

16 LEONARDAUGUST

Page 19: LEONARD, issue 9, August 2012

ANGUS O'CALLAGHAN

So what was his process behind capturing

these iconic images that only now are being

rediscovered 40 years on? “It was what

you called street photography or urban

photography. It’s a city in life. I wanted to

include people, I wanted to put adjuncts to

them, you’ll see the edges, you’ll see houses

or cars, they add to the picture. Because

you are restricted by the camera, you had to

think, how could I get an interesting picture

without all of these lenses and filters?” It

was this restriction of the fixed lens where

we can truly see the talent and skill in

Angus’ images. They are framed perfectly;

his compositions of the everyday are what

make his work so beautiful. “Composition

is the secret of interesting photography”

he explains. “Rarely did I take more than

one picture of a scene; you were pretty

frugal with your film as it was quite costly.

I have noticed with digital you get wasteful,

you start taking pictures and you’re just

throwing them away like cards.”

It is one thing to be able to take a nice photo

but in capturing those iconic moments

in time there were some occupational

hazards of walking the streets which

was still suffering from a hangover of the

great depression and post war suspicions.

“I would walk the streets, looking for

subjects. Some days you go all day and

take very few pictures. You get abused as

well. For instance if I was photographing

an old fence in a lane, wouldn’t you think

it was nothing? A lot of people would

think ‘What’s wrong with this bloke?’ if

you photographed a private home.” Angus

would also take a conventional, professional

approach to gaining access to buildings. “I

used to write letters to firms for permission

to photograph their buildings.” This would

often turn out to be counterproductive, with

the marketing departments offering Angus

bland, corporate, staged photographs for

him to feature in his proposed book of

Melbourne.

From 1968 to 1971 Angus worked on

producing a book that perhaps was ahead of

its time. So did he find a publisher? Have we

ever had the privilege of uncovering a dusty

old Rigby published book on the city and

people of Melbourne in second hand stores,

filled with images that are so sincerely

beautiful and intimate? The answer is

surprising but not unexpected.

“One publisher said they we’re interested,

we’ll have a look at it. I had it assembled

with quite a voluminous draft narrative;

they were very interested but had filled

their publishing quotas. I tried two or

three others but wasn’t getting anywhere.

I remember one publisher, he showed

me a book on Melbourne and said ‘sorry I

already published this one, but yours would

be far better.” Angus goes on to tell me: “I

met a chap who was an ex representative

of the Herald, I showed it to him and he

was very interested but couldn’t get me a

publisher. He also tried Angus & Robertson

and a few others and I thought if he can’t

do it I wouldn’t have much hope with it. So

that ended the idea, I just put it away, went

back into teaching until I retired in the

early 90s”

After the death of his first wife in the

1990s, Angus moved to Queensland

where he undertook a diploma course in

Photography at Toowoomba Tafe in his mid

seventies. Whilst studying he did various

commercial jobs, wedding photography,

photojournalism and selling images to

photo libraries, but still treated it as a

hobby. “I took up photography again when

I retired; I went into a stock library and

sold a few pictures, mainly for books and

advertising. They just sent you a cheque for

half the amount they got, only $50 a picture

then, some were $100 depending on what

magazine or book it was going into. I sold a

few, I was happy doing it.”

So how have we come to rediscover or in

fact newly discover this incredible image-

maker? As life would have it, purely by

chance, when two years ago Ben Albrecht,

at the time joint-owner of Kozminsky

Jewellery in Bourke Street Melbourne,

was contacted to participate in a charity

art auction as a guest auctioneer. In a back

room he discovered a black and white

photograph of a Japanese lady looking in a

shop window in Collins Street and knew he

had stumbled upon something special.

“I spoke to the lady who was in charge

and asked ‘who took this photograph?’

I thought it was a one off. She told me it

was Angus O’Callaghan. I asked for his

telephone number as I would love to give

him a buzz, which she replied ‘he’s in the

other room, you can have a chat!’ It was a

leap of faith because I knew by the image it

was really special. I gave Angus my address

to send me some images and five days later

I got this post pack choc ‘o’ block full of

transparencies. I started looking through

them and thought these are phenomenal.”

No doubt these transparencies hadn’t been

seen in public for decades and one wonders

whether Angus himself had reviewed

them since the disappointment of failing

to secure a publisher all those years ago.

So knowing he had stumbled on something

incredible, Ben worked with Angus to

scan and print editions of the collection

through JCP Studios, which resulted in an

exhibition of the collection two years ago,

and a rediscovery of an important body of

work that hadn’t been seen since 1971. A

body of work, which Ben acknowledges,

transcends generations.

“When we first had the exhibition there

was the older generation of Australians,

people who had lived through the 1960’s

and the 70’s as 30 year olds, people who

are my age and then you had the younger

generation. The work really pleased a lot of

different generations.”

In 1968 Angus began the undertaking of

producing a book that failed to secure the

funding of an open-minded publisher and

now in 2012, Ben Albrecht is working on

finally finishing the book that Angus set

out to publish 40 years ago. And going by

the auction results of his works this July,

some prints well surpassing the thousand

dollar mark, in particular ‘Royal Arcade’

(pictured) selling for $2,640, there has

never been a better time than now for

Angus to finally get the audience and

appreciation he so duly deserves as one

of this country’s greatest Photographers;

an acknowledgement and appreciation

that has eluded him throughout his life

and career. Now in his 90th year, it has

taken almost half a century for his work

to be recognized which is something he is

philosophical about. “Some things don’t

happen, then other things do happen,

it’s not always what you think is going to

happen. I call life a winding track.”

ANGUS O'CALLAGHAN (BORN 1922) Fashion Streetarchival print on rag paper 4/2039 x 39cmSOLD $780 IBP

ANGUS O'CALLAGHAN (BORN 1922) Royal Arcadeprint on rag paper 1/1080 x 80cmSOLD $2,640 IBP

ANGUS O'CALLAGHAN (BORN 1922) Show Bagsarchival print on rag paper 1/2039 x 39cmSOLD $456 IBP

Eamon Donnelly is an award-

winning, internationally recognised

illustrator, artist and designer with

representation in New York City and

here in Melbourne. He has worked

for iconic international brands and

magazines, exhibited his works both

locally and abroad and is an Australian

image advocate and historian, and is

founder and creative director of The

Island Continent, an online archive

documenting the Australian image and

its image-makers.

www.eamo.com.au

www.islandcontinent.com.au

17 AUGUSTLEONARD

Page 20: LEONARD, issue 9, August 2012

COLLECTABLES

NOW CONSIGNING

COLLECTABLES & SPORTING

MEMORABILIA FOR 2012

18 LEONARDAUGUST

Page 21: LEONARD, issue 9, August 2012

COLLECTABLE RESULTS

BIDDERS BATTLE FOR CIVIL WAR MEMORABILIA AND EARLY PHOTOGRAPHY.

RARE QUARTER-PLATE DAGUERREOTYPE OF BARONGAROOKSOLD $10,800 IBP

ALBUM WITH PHOTOS INCLUDING PORTRAIT OF 'TRUGERNANNER/TRUGANINI'SOLD $4,080 IBP

CASED STEREO DAGUERREOTYPE BY ANTOINE CLAUDETSOLD $3,840 IBP

Two private historical collections formed the Collectables sale at

Leonard Joel on 22 July. The first part of the sale included 180 lots

of American Civil War memorabilia compiled by Bob Simpson from

1960s to the 1980s. As well as a strong presence in the saleroom, there

was considerable interest from American collectors, with more than

fifty participating through absentee and online bidding via Artfact.

com. Antique firearms achieved particularly good results, including

lot 98, a Burnside Percussion Breech Loading Carbine that sold for

$1,920 (IBP) against an estimate of $600-800. Another highlight

was lot 144, and impressive Infantry Captain’s frock coat, cape and

accoutrements that sold for $3,120 against an estimate of $3,000-5,000.

Part 2 of the sale was another one owner collection, of 100 lots of

daguerreotypes, ambrotypes and other early forms of photography. Lot

186, a rare quarter-plate daguerreotype of an Australian exterior scene

titled ‘Barogarook’ attracted a great deal of local and international.

There was fierce bidding from the room and several telephone

bidders. The rare image was eventually knocked down to an Australian

buyer for a remarkable $10,800, against an estimate of $400-600.

19 AUGUSTLEONARD

Page 22: LEONARD, issue 9, August 2012

ANNE MARIE GRAHAM

PRIVATE SELLING EXHIBITION OF OIL PAINTINGS BY MELBOURNE ARTIST ANNE MARIE GRAHAM

ANNE MARIE GRAHAM (BORN 1925)Silence Please 1989oil on linen61.0 x 91.5 cmEstimate on request

LEONARD JOEL ARE DELIGHTED TO BE HOSTING THIS INTIMATE EXHIBITION FOR SALE OF 28 WORKS FROM ANNE MARIE GRAHAM’S STUDIO.

The Anne Marie GrahamExhibition

VenueThe Red RoomLeonard Joel333 Malvern Road, South Yarra

Exhibition TimesWednesday 15 August 2012 10am – 8pmThursday 16 August 2012 10am – 5pmFriday 17 August 2012 10am - 5pmSaturday 18 August 11am to 5pmSunday 19 August 11am to 5pm

Enquiries & Price ListMonique(03) 8825 [email protected]

20 LEONARDAUGUST

Page 23: LEONARD, issue 9, August 2012

Super Art: Time to Move Forward

Below is an edited text of a speech I made

recently at The James Makin Gallery,

Melbourne.

To borrow Julia Gillard’s 2010 campaign

slogan - it is now time to move forward on

the super art laws that came into effect dur-

ing the recent period of political turmoil – by

having the new laws amended in line with

the government’s original promise to the arts

industry to simply mandate new storage and

insurance requirements for super art assets.

It is obvious many Australians wish to invest

in the art market. One of the reasons why is

a nervousness and distrust of financial mar-

kets – ironically this is the exact opposite

to the reasoning behind The Cooper Report

- which advocated that only prudentially-

regulated investments would be allowed in

order to protect retirement savings.

When the Cooper Report was released two

years ago the all ordinaries index stood at

4350 – today it is actually 200 points lower.

Super funds have responded to the disap-

pointing performance of the stock market by

reallocating their assets into cash at record

levels and this has led to a growing desire by

investors to diversify their investments into

other areas like artworks.

During this same period the Australian art

market has held its ground and continues to

turn over approximately $100 million per

year at auction. This is a tremendous cultural

and economic achievement and places Aus-

tralia ahead of similar nations like Canada

– who have an extra few centuries of history

and a French heritage in their favour!

It is important to recognise that superannua-

tion investments by their nature are held for

long periods and this seems to be a good fit

with the art market where artists can pro-

duce works over their lifetime. At the same

time the ability of self-managed funds to con-

tinue to invest in the art market has become a

deeply political issue.

There is a mystique around the activities of

artists, dealers and valuers but the public

should be made aware that acquisitions of

art, although a very enjoyable past-time, are

also investment-driven and not just a per-

sonal folly.

Unfortunately the financial services indus-

try groups art with other collectables like

antiques and coins and describes these types

of investments as “exotics”.

The danger of the term “exotics” can be

seen in a recent edition of the Super Made

Easy magazine which illustrates an article

on buying artworks and collectables through

super funds with images of retired people on

yachts.

Artworks are a very different class of asset to

yachts and memberships in social clubs for

three main reasons:

(a) The art market has a very long history and

it is integrated on a global level

(b) The creation of art itself is part of a

broader arts industry that supports commu-

nities all over the country and is part of the

cultural fabric of Australia

(c) Art is now defined separately in the resale

royalty legislation

However not all art is suitable for investment

by super funds – particularly now that the

super art laws have been changed. Art invest-

ments in super funds should be a considered

part of the entire portfolio of investments

and not isolated to a single painting or a sin-

gle sculpture.

What makes a super fund unique is the

“sole purpose test” – the fund must meet

the requirement that it exists solely to pro-

vide benefits to its members in the event of

retirement.

In relation to artworks and the sole purpose

test the ATO argues that hanging artworks

at the home of a member immediately con-

fers a benefit to that member pre-retirement

and therefore breaches the sole purpose test.

This proposition has not been tested in court

but it is the rationale behind the new super

art laws.

However if art was seen as a legitimate

investment class – separated away from the

other “exotics” that constitute the ATO defi-

nition of a collectable - the problems associ-

ated with hanging super art at home would

mainly go away.

Roger Dedman analysed the art market in

2009 and concluded that carefully cho-

sen Australian paintings bought at auction

with the intention of being held for at least

5 years and preferably 10 can confidently be

expected to produce a satisfactory rate of

return when viewed purely as an investment.

Artworks can be very suitable for SMSFs.

They are more likely to return growth with

a long-term strategy which suits many in

the accumulation phase of their investment

strategy. It is also a more personal form of

investment as you can follow the career of

the artist you have invested in and in this way

it can be seen as a form of “ethical investing”.

The Cooper Report changed the landscape

for super art investing. Central to under-

standing this are the rule changes to in-house

assets and related party transactions – which

are no longer allowed.

Previously the in-house asset rule with

respect to artworks meant that you could

keep and display artworks in your house – up

to a value of 5% of the assets held by the fund

– without breaching sole purpose.

The related party rules pre-Cooper meant

that super art could be displayed and leased

to a company or individual associated with

the SMSF. This is no longer the case nor can

artworks owned by the member of a SMSF be

bought by that SMSF or transferred across as

a contribution.

But importantly investor choice has been

maintained. The new rules encourage col-

lectors to think about their artworks as a col-

lection or an investment within a portfolio

of other investments – this is positive. What

is now needed is to have the super art laws

modified so they do not create disincentives

in the future – and before the five-year tran-

sition period from the old to new rules ends

on 30 June 2016.

So what should these amendments be?

Suggested amendments to the super art

laws

1. The rules for SMSF artwork investment

be separated from the rules for other forms

of collectables.

2. Artworks should be defined by reference

to the Resale Royalty Right definition and not

by reference to the old ATO definition.

3. Capital gains or losses on the sale of

artworks should be permitted to be off-

set against capital losses or gains on other

classes of assets except for collectables.

4. The in-house asset rule should be reintro-

duced for artworks.

5. Storage requirements to be modified:

artworks should be permitted on the prem-

ises of the member provided they are not on

display (except for the in-house asset rule).

Such an arrangement could be satisfied by a

Statutory Declaration by the SMSF trustee to

the Fund’s auditor.

6. Cost of the Insurance requirements to be

eased by modifying the storage measures.

One of the reasons behind the success of the

Australian art market over the last twenty

years has been the role of superannuation,

particularly in the self-managed sector, to

provide liquidity and certainty to the mar-

ket. It is a world-class system that deserves

its place in the retirement policies of the

country.

ART BUSINESS

ART BUSINESS

Michael Fox is a qualified accountant and

professional fine art valuer who successfully ran the

Save Super Art campaign to prevent the prohibition

of artworks from self-managed superannuation

funds (SMSFs). He is a member

of the Leonard Joel Valuation Panel and is engaged

exclusively by Leonard Joel to provide advice to

their clients in relation to artwork investment in

SMSFs. He may be contacted at

[email protected].

WE NEED TO ENSURE THAT WE CONTINUE TO SUPPORT OUR DEVELOPMENT CULTURALLY AS WELL AS ECONOMICALLY.

AUSTRALIA HAS A TALENTED BUT FRAGILE VISUAL ARTS SECTOR AND THE BENEFITS OF PROTECTING THIS FAR OUTWEIGH THE RATIONALE FOR THIS SPECIFIC RECOMMENDATION.

ANDY PENN, FORMER HEAD OF AXA ASIA-PACIFIC, JULY 2010, COMMENTS MADE IN SUPPORT OF THE SAVE SUPER ART CAMPAIGN TO PREVENT THE BAN ON ARTWORK INVESTMENT BY SUPER FUNDS

BY MICHAEL FOX

21 AUGUSTLEONARD

Page 24: LEONARD, issue 9, August 2012

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