After booming sales earlier this year, Australia’s art market is showing signs of cooling off. At this week’s major auctions, buyers were cautious and even important works attracted scant interest – due in part to the recent imposition of a countrywide GST. “Instead of the frenetic bidding that had turned the big art sales of the past into gladiatorial contests, the salesroom at Christie’s was as quiet as a picnic.” – Sydney Morning Herald