In the art world, the year has only just begun. Many commercial galleries have only recently emerged from their year-end slumber and some auction houses are yet to hold their first sales for the year.
Australia’s total art auction sales for 2012 reached just over AUD $95 million. When you consider that one painting alone, Munch’s The Scream 1895, sold for almost USD $120 million in New York last year, Australia constitutes a very small slice of the global art market pie.
