22 December, 2008

Art Market Reviewed

Four Corners explores these two ends of the art industry – the big money auction rooms and the production chain of Aboriginal art – and finds both open to abuse.

Art for Art's Sake? Reporter: Quentin McDermott Broadcast: 28/07/2008

What is the public supposed to make of it when an auction room owner buys a painting, sells it, buys it again and then re-sells it - all through his own auction room? Or when an artist's value suddenly hits the stratosphere for no apparent reason? Or when an auctioneer plucks out false bids – a practice now regulated in the real estate trade? Most members of the public – derided by some in the trade as "wood ducks" for their naïveté – are supposed to neither know nor care.

full story & links


View Video - What's a painting worth? Quentin McDermott tells how Australia's booming art market is open to manipulation – and artists and buyers to exploitation.
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Program Transcript
Read the program transcript from Quentin McDermott's program.

Transcripts and Resources
Read extended interviews, reports, news and papers related to Quentin McDermott's report.

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