High-end fine art has pivoted sharply towards online platforms as investors look for alternatives.
With many art auction houses removing their paintings from the walls in the midst of plummeting sales across the Globe, an Australian online auction company is disrupting the market listing their biggest multi-million dollar fine art auction ever during an online boom. Lloyds Auctions conducts 10 online certified art auctions per month in Australia however that number has increased 500% and their latest offerings are set to top 10 million AUD.
“The sheer scale of this auction means we will definitely break Australian records with over 200 one-of-a-kind and extremely rare pieces of fine art and luxury items, featuring original artworks by Brett Whitely, Tommy Watson, Charles Blackman, Rosalie Gascoigne, Tim Storrier, Grace Cossington Smith, Gabriella Possum. Jewellery pieces include Pink Argyle diamonds, Rolex watches and high-end estate jewellery including massive 5 carat plus diamonds each expected to sell for six figure amounts”