145_2_main.jpgOn Tuesday 23 October at 11am and 6pm, Bonhams & Goodman will hold a monumental art auction under its Bay East Art brand at 224 Young Street, Waterloo. The auction, the first at Bonhams & Goodman’s new secondary saleroom, will feature over 700 lots of collectable and affordable art. With estimates ranging from $200 to $20,000, there is something on offer to suit all tastes and budgets.

The auction will be conducted in two sessions. The first session (11am to 5pm) includes 60 pictures from the collection of the Union, University & Schools Club of Sydney as well as many desirable items from private collectors. The second session (6pm to 8pm) is primarily dedicated to the sale of property belonging to contemporary artist David Bromley and his partner Tori Dixon Whittle.

The Bay East Art auction is a new format for Bonhams & Goodman and emulates the successful model adopted by Bonhams in London. Under the direction of Geoffrey Smith, National Head of Art, the major fine art auctions conducted three times a year are attracting an increasing number of high value items. This has created a new ‘middle’ market which will be offered to the general public under the Bonhams & Goodman brand Bay East Art at the Waterloo rooms.

“In London, Bonhams has two salerooms”, says Tim Goodman, Chief Executive Officer of Bonhams & Goodman. “The New Bond Street saleroom focuses on the very best works in their respective categories, while the Knightsbridge saleroom appeals to a much wider audience, offering a diverse range of items to suit many budgets. In this industry, display and storage space is at a premium and our Double Bay rooms have not been able to house the volume of property we are being entrusted to sell. By splitting our auctions over two locations, I believe we are better able to cater for both our buyers and sellers”, adds Goodman.