Update on Australian Auction Houses

Doubts still remain as Rob Menzies of Deutscher-Menzies and Lawson-Menzies auctions refines how items will be listed and guaranteed in catalog sales . Menzies has been criticized for selling his own art through his auction houses with limited to no ownership disclosure. Menzies now states he will disclose more information in order to strengthen transparency and credibility, but many are still skeptical since Menzies still plans on continuing the practice of selling his own art in the Deutscher-Menzies and Lawson-Menzies auction catalog sales.

Australian auction market analyst Meaghan Wilson-Anastasios, was one of the skeptics regarding Menzies proposed changes sating "As I understand it, Rod Menzies is reserving his right to sell (his) art through his auction houses, and minimum prices will still be offered to sellers, but the new terms mean there will be nothing in the catalog to indicate when either of these things are happening. I can't see how this improves transparency … "

To read the full article, click HERE.