Parliamentary inquiry aims to protect the artists and also educate buyers
Fraud allegations in the increasingly lucrative Aboriginal art market have forced a government investigation into the issue that divides top auction houses like Sotheby's and lesser-known galleries.
The idea of a parliamentary inquiry, which will also endeavour to educate buyers on where to buy Aboriginal art, has been met with relief by art lovers, who say deception in the exciting industry is about to spiral out of control.
Once a A$750,000 ($4.32 million) business in 1971, Aboriginal art is now reputed to bring in at least A$149 million. But many well-known Aboriginal artists continue to live in third-world conditions in remote communities, sometimes paid with a crate of beer or a used four-wheel drive, while their representatives are seen driving new Rolls-Royces in Sydney.
'Most Aboriginal artists live in dire poverty and their only income comes from selling paintings. This opens the door for opportunism,' said Chris Hodges, a prominent dealer who runs Utopia Art Sydney.
In response to the problem, the government recently said it would spend an extra A$2.2 million over the next three years. The funds would be earmarked for educating artists about their rights and teaching buyers the finer points of caveat emptor, or 'let the buyer beware'.