Foreign buyers swoop as Indigenous art takes off

The late, great Emily Kam Kngwarreye was the prime mover behind the most financially successful Indigenous art auction in this country since 2007, with a much-travelled work once owned by a leading corporate identity becoming the artist’s second most expensive painting under the hammer.

Kngwarreye’s Untitled (Awelye), 1992, soared away from its pre-sale estimate of $400,000 to $600,000 to fetch $1,196,591 including 25 per cent buyer’s premium in Deutscher + Hackett’s auction of Important Australian Indigenous Art in Melbourne on March 26.

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