Millions pumped into art world as corporates sell

The highest price was $2m for Colin McCahon's Is There Anything of Which One Can Say Look This is New?, 1982. (Image: NZME)

Briar Williams

Thu, 06 Oct 2022

Auctions of two important corporate art collections in Auckland have pumped more than $14 million into the local art market this month.The sales of the two collections – the Spark Trust, at International Art Centre, and the BNZ, at Webb’s – have both now been completed.Over the past decade, single vendor sales have increased in popularity as a way to sell a collection via auction.However, corporate collections usually aren't interesting enough to warrant their own auctions, because they can contain large, site-specific art...

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