Bill Hammond painting sells for $1.7m
An artwork by the late Christchurch artist Bill Hammond has been sold with a huge million-dollar price tag overnight. Melting Moments 1 sold for $1...
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An artwork by the late Christchurch artist Bill Hammond has been sold with a huge million-dollar price tag overnight. Melting Moments 1 sold for $1...
The director of auction house Webb's says he expects a painting from late Christchurch artist Bill Hammond to become one of the most expensive paintings ever sold in New Zealand. Melting Moments I will be sold in Auckland tonight for between $1.5 million and $2.5 million dollars. Webb's director of art, Charles Ninow, says it's one of the most significant pieces to come up for sale in a long time. Ninow spoke to Ingrid Hipkiss.
Critics say this sale as cemented Bill Hammond's place as one of the greats in Kiwi art.
In private hands, iconic New Zealand treasures can be sold off, hidden away, or even destroyed.
The sale comes as Australian pension funds face heightened scrutiny of their balance sheets.