University wanted to buy Binney painting, but could not ‘justify’ higher price

by AryanArtnews
0 comment
The University of Victoria Student Association Trust owns this Don Vinnie artwork, but sells it at auction on Monday night.

Webbs / included

The University of Victoria Student Association Trust owns this Don Vinnie artwork, but sells it at auction on Monday night.

Victoria University of Wellington wanted to buy a unique New Zealand piece of art that had been hung on the walls of the Kelburn campus for decades, but couldn’t “justify” the price, he said. Vice President says.

Now the features of Don Binney Mana Island It will be sold at auction on Monday night.

While serving as a visiting lecturer at the University in 1971, Vinnie painted a large 2.6 x 3.6 meter piece depicting Mana Island and the hills of Polylua Harbor in front of the vast ocean and sky.

The painting was commissioned by the University of Victoria Student Association Trust and is currently auctioned for between $ 500,000 and $ 800,000.

read more:
* Don Binney sells Mana Island for the first time in painting at auction
* Auckland University scholars are angry with Uni’s libertarian think tank membership
* University of Victoria plans to demolish heritage-registered Gordon Wilson Flats to create a “new front door”

Vice President Grant Gilford said the university initially offered to buy paintings when evaluated by an independent expert.

Experts say the price is “hundreds of thousands of dollars,” but Gilford didn’t provide an accurate number.

“It didn’t live up to VUWSA’s expectations. They imagined it would be much more valuable.”

Gilford said the university cannot “justify” paying $ 500,000 to $ 800,000 for paintings.

“This work was very important to us because we are a public institution and have just experienced a very difficult economic situation, but I don’t feel that we should pay more than an independent evaluation. It was. “

Gilford said the painting was “symbolic” to both the university and Wellington City itself.

“It’s sad to see it work.”

The University of Victoria Student Association Trust sells paintings to increase wealth.

Monique Ford / Staff

The University of Victoria Student Association Trust sells paintings to increase wealth.

Nicholas Green, president of the University of Victoria Student Association Trust, said the sale of paintings was not a “trust neglected” decision.

VUWSA executive members and student groups have decided to sell the work of the Trust held in 2017.

Previously, he sold sketches of Peter McIntyre of World War II held at Adam Art Gallery and works of Won Shintai held at the School of Medicine.

After moving to voluntary membership, Green said he needed trust to build assets for the long-term survival of the Student Association.

“After many soul quests and many discussions with VUWSA, we finally decided that retaining artwork was not the best investment for us and VUWSA.”

This is Pipiwa Lauroa on Te Henga, another painting by Don Binney depicting the Auckland coast. Vinnie was a visiting lecturer at the University of Victoria when she painted Mana Island.

International Art Center / Supply

This is Pipiwa Lauroa on Te Henga, another painting by Don Binney depicting the Auckland coast. Vinnie was a visiting lecturer at the University of Victoria when she painted Mana Island.

Green confirmed that the trust had discussed with the university about selling it to them, but was advised that it could go at a higher price.

This money will be used for “VUWSA General Investment”, including projects for student welfare.

Mr Green said VUWSA is an important part of the university, funding mental health programs, student involvement and clubs.

Bill Manhire, a short story writer and founder of the Institute for International Contemporary Literature, said the incident caused the loss of Colin McCahon’s paintings. Storm warning, Sold by the university in 1999.

“The sale of McCahon was a shameful act on the part of the university, but it’s a little different in that Vinnie isn’t as college as the trust of the Student Association.”

According to Auckland’s auction house Webb, the pre-auction estimate for this piece was between $ 500,000 and $ 800,000. The auction starts at 6:30 pm.

Related Posts

Leave a Comment