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trending_up market calendar_today Wednesday, August 20, 2025

Arkley, Olley soar at $15m art sale

At Smith & Singer's auction of Important Australian Art in Sydney, three paintings sold for over a million dollars each, led by Howard Arkley's 'Contemporary Units' (1988) at $2 million. In-room bidders secured the top lots, with collectors crowding the auction room despite rainy weather.

The sale demonstrates continued strong demand for top-tier Australian art, particularly works by renowned artists like Arkley and Margaret Olley. The million-dollar results signal robust health in the Australian art market and the enduring appeal of modern Australian masters to collectors.