This work investigates the viability and mechanics of art as a tangible asset class within the specific context of the Australian market. Terence Ingram, a seasoned observer of the art trade, utilizes his professional background to demystify the valuation processes and market trends that influence the acquisition of Australian creative works. The text provides a framework for understanding how cultural significance intersects with financial speculation, offering guidance for those looking to navigate the complexities of art auctions and private sales.

The subject matter points to a specialized, historical examination of the Australian art trade that serves as a snapshot of market conditions in the mid-1970s. The framing suggests a practical, albeit dated, resource for collectors and investors interested in the evolution of art valuation in the Australian context.