Past Australian Aboriginal Art Auction Sales Records
We used Australian Aboriginal Art Auction Sales records from Artprice, Artnet and AASD databases to create a consistent Specialist Art Indexes. The auction results are shown on this page.
Price indexes are an indispensible tool in discerning, assessing, and monitoring market trends. We propose a hedonic index for Australian Aboriginal art to track developments in this exciting segment of contemporary art. Price indexes are an indispensible tool in discerning, assessing, and monitoring market trends.
As the objective is always to interpret changes of an index in terms of changes in the underlying market, the objective is to minimise the volatility that ways of calculating an index add to the volatility of the market itself. We propose a hedonic index for Aboriginal art based on application of an existing methodology. It is shown that the volatility of the hedonic index is smaller than that of the uncorrected index while, on balance, tracking the same process as the uncorrected index.
As a result we recommend our AAAI hedonic index as a means to track developments in the market of Australian Aboriginal art, which can be used by investors, art funds, financial institutions and art insurance companies.