Adviser to the rich Tim Eustace offloads art from historic mansion Iona
Fresh from offloading one of Sydney’s iconic mansions to Stokes family scion Bryant Stokes and his wife Dominique, adviser to the rich and famous Tim Eustace and his partner Salvador Panui are preparing to sell the art off its walls before they move out.
Eustace, who runs high net worth advisory Mercury Private, sold the landmark Darlinghurst estate to Stokes, the son of Kerry and younger brother of SGH managing director Ryan, for a reported $37.5 million in September, and are now selling the contents. Eustace and Panui had bought the former private hospital from filmmaker duo Baz Luhrmann and Catherine Martin in 2016.
Rupert Bunny’s very pretty oil on canvas, Luxembourg Gardens, c. 1909, carries the sale’s highest estimate of $80,000 to $120,000.
Luxembourg Gardens, Rupert Bunny’s oil on canvas, c.1909, carries an estimate of $80,000 to $120,000 at Artvisory.
Other Australian works include Sydney Long‘s oil painting, Evening, 1912, (estimated at $50,000 to $70,000), Tom Roberts‘s harbourscape, Pool of London ($40,000 to $60,000), Lloyd Rees‘s oil, The Anchorage, c. 1925 ($60,000 to $90,000), and Janet Agnes Cumbrae Stewart‘s pastel on paper, Nude with shawl, 1927 ($50,000 to $80,000).
Les Noces D’Argent, 1879, an oil painting by decorated French history and genre painter Adrian Moreau, was once in the collection of the late Australian businessman John Schaeffer.
Exhibited in the Paris Salon of 1879, Les Noces D’Argent carries an estimate of $30,000 to $50,000 in the Iona contents auction.
Pool of London, by Tom Roberts, carries an estimate of $40,000 to $60,000 at Artvisory.
A contemporary work in the catalogue is Australian artist Joseph McGlennon’s giclee digital print titled Eclectus Australis – Black Cockatoo, 2018, estimated at $5000 to $7000.
Nude with shawl, 1927, by Janet Cumbrae Stewart, carries an estimate of $50,000 to $80,000 in Artvisory.
Eustace told Saleroom he and Panui are downsizing to an old house in Potts Point and this forced them to make the “excruciating” decision to sell about a third of their art collection.
“We’ve been collecting for about 35 years. [The collection] formed around a few family pieces,” Eustace said.
He has little doubt that he and Panui will buy more art after the move to Potts Point is complete.
Les Noces D’Argent, 1879, by Adrian Moreau, carries an estimate of $30,000 to $50,000 in Artvisory’s March 8 auction of the contents of Iona in Darlinghurst.
Artvisory will auction the Iona contents at the InterContinental in Double Bay on March 8. Viewings will be held onsite at Iona, 2 Darley Street, Darlinghurst on March 5, 6 and 7.
Eclectus Australis – Black Cockatoo, 2018, by Joseph McGlennon carries an estimate of $5000 to $7000 in Artvisory.
