Gallery Sale

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The Sydney art institution Watters Gallery in Darlinghurst has been sold at auction by Colliers International for $5,505,000.
It was the first time the gallery space had been offered to the market in 50 years. 
Miron Solomons, Matt Pontey and Nick Lumley of Colliers International sold the 230 square metre, three storey Victorian terrace with vacant possession.
It went for more than $1 million over the initial starting bid of $4.5 million, with the property receiving 45 bids. 
Located at 109 Riley Street in Darlinghurst, the art gallery had contemporary internal finishes including polished concrete floors and multiple rooms with high quality amenities including a lift and loading dock. 
The gallery, which closed its doors in December 2018, has been owned and operated by Frank Watters and Geoffrey and Alexandra Legge since 1964. 
“109 Riley Street has significant historic value in Sydney, as it dates from a key period of Darlinghurst development during the subdivision of grand estates into residential and commercial development,” said Miron Solomons, National Director, Investment Services at Colliers International. 
The space has had a variety of uses over time, originally as a boot warehouse from 1858 – 1862, then used as retail space and also operated as a hotel until 1968, where it was converted to an art gallery by architect Don Gazzard.
Watters Gallery is named after director and owner Frank Watters who lived above the gallery since 1970.
Substantial extensions to the rear of the building were carried out by Walter Barda Design in 2010. 
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Watters Gallery in Darlinghurst sells for $5.5 million

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The home of Blender Gallery on Paddington's Elizabeth Street has sold with approved plans for a major renovation.
The commercial terrace at <a href="https://www.realcommercial.com.au/property-retail-nsw-paddington-502978750" target="_blank">16 Elizabeth Street</a> features a freestanding two level studio at the rear of its 100 sqm site.
Plans approved earlier this year allow for three separate rental revenues with approval to renovate and add off-street parking.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/Blender2.jpg" alt="">
Last traded for $1,325,000 in 2016, BresicWhitney Darlinghurst agents Ivan Bresic and Michael Seally were asking $1.55 million following its unsuccessful auction campaign. 
They initially sought $1.6 million.
Blender Gallery was established in 2001 and sells prints and iconic images of music and musicians over the last 50 years.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/Blender3.jpg" alt="">
Blender Gallery has become the major brand in fine art music photography in Sydney, Australia.
Blender Gallery is the official Australian representative of Rockarchive.com based in the UK and The Morrison Hotel Gallery of the USA.
 
 
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Elizabeth Street Paddington gallery with David Bowie mural sold

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Art dealer Shirley Wagner is selling her longtime Paddington gallery terrace for November 23 auction.
Regarded as one of the matriarchs of the Australian art scene, she has fostered and managed the careers of many great artists since the 1960s.
<a href="https://www.propertyobserver.com.au/https://www.lsbondibeach.com.au/property/0000280751" target="_blank">The 39 Gurner Street gallery</a> was established in 1978 after a 14 year stint as the Barefoot Art Gallery, Avalon Beach.
Bart Doff at Laing &amp; Simmons Double Bay has the trophy corner terrace offering. It last sold at $85,000 in 1977.
Through the years Shirley has represented big-time artists including Arthur Boyd, Sir Sidney Nolan and Charles Blackman, as well as bringing many great international artists to Sydney, including Andy Warhol and Roy Lichtenstein.
Too many to list, though Pro Hart was one of her enduring show highlights.
Not only did Shirley exhibit their paintings in Paddington but across the globe, her most memorable in Egypt and Israel. 
That exhibition made Australia the first country in the world to do a cultural exchange between Egypt and Israel in honour of the signing of the 1980 peace treaty between Sadat and Begin.
Although Shirley has retired from daily work at the gallery, her daughter Nadine took up the baton of her mother’s legacy. 
But after a lengthy stellar career Shirley, now 83, has decided it is time to sell.
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Gallery Sale

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