Tuesday, November 28, 2017
I've certainly read news stories about collectors picking up bargains at auction that turn out to be worth millions.
I don't think I'll ever have that kind of luck.
But I do feel incredibly lucky tonight to have picked up a painting by an artist who I love, at a fraction of the painting's true value.
The story of my association with the painting goes back several years. I first saw it in my friend's gallery. It was the second most expensive work in the exhibition. And there was no way I could have justified forking out the asking price (which was equivalent to the cost of a small car). It didn't matter anyway. The painting was sold.
Fast forward to a few weeks ago when the same painting turned up in an online auction catalogue with a sales estimate a mere fraction of the original sale price. I couldn't believe my eyes.
I spoke to my gallerist friend and she was just as surprised as I was. This was a very important painting by a very important indigenous artist, whose works are held in major institutional collections, including the National Gallery of Australia.
I went to the auction tonight. I was very nervous but luck was on my side. I got it for a steal.