A painting by the Australian artist John Brack sold at auction for a record price this week, making “The Old Time” the most expensive Australian painting. The painting of a ballroom dancing couple sold for about $3.3 million dollars.

When compared to the prices paid for international artists, $3.3 million sounds like a laughable amount. But very few Australian artists ever make much of an impact on the world market, so it’s an impressive price for such a small market (Australia has about 20 million people).Continue Reading