Bridget Riley takes off but does it reflect today’s market?

With back-to-back auctions held in Sydney late last month the local market had an unexpected boost.


Rather than perennial auction favourites Fred Williams, Jeffrey Smart and Brett Whiteley, it was a group of 10 paintings and drawings by British abstractionist Bridget Riley that stunned punters with an extraordinary hammer result of $AUD1.85 million (inc. buyers premium).

The star of the night was Lot 2, Off (1963), smashing its $60-80,000 estimate ten-fold. While this black and white optical painting cased in Perspex had all the characteristic Riley hallmarks, and was drawn from a desired early chapter of Riley’s career, at just 24.5 x 29cm the enormity of its hammer price of $984,000 remains astounding.

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Gina Fairley is ArtsHub's National Visual Arts Editor. For a decade she worked as a freelance writer and curator across Southeast Asia and was previously the Regional Contributing Editor for Hong Kong based magazines Asian Art News and World Sculpture News. Prior to writing she worked as an arts manager in America and Australia for 14 years, including the regional gallery, biennale and commercial sectors. She is based in Mittagong, regional NSW. Twitter: @ginafairley Instagram: fairleygina