Summerhayes, Catherine, The Moving Images of Tracey Moffatt, Charta, Milano, Italy, 2007
Travis, Lara, ‘Mirage; Drysdale and Moffatt in the Australian outback’, in Art & Australia, Vol.37, #4, 2000
www.roslynoxley9.com.au/artists/26/Tracey-Moffatt/
While she has long resisted being defined solely as an Aboriginal artist, Tracey Moffatt’s heritage and her sustained international acclaim ensure her continued inclusion among the most significant Indigenous artists of our time. Represented in Australia by Roslyn Oxley9 Gallery, and with works held by the Tate, the Museum of Contemporary Art (Los Angeles), and the National Gallery of Australia, Moffatt remains a force within both Australian and global contemporary art.
Her early auction records were driven largely by the success of her 1989 Something More series, which still dominates her secondary market profile. Yet recent years have seen a broadening appreciation of her oeuvre, as collectors begin to recognize the depth of her practice beyond that iconic image. Through 2023 to 2025, both her Up in the Sky and Scarred for Life works performed consistently well at auction. Up in the Sky #6, 1997, (61 x75cm), sold in 2025 for $6,750 (Shapiro), tripling its upper estimate. Seven others of this most compelling narrative sequences sold over this recent period, altogether a strong result.
Scarred for Life II (1999) achieved $14,760 at Bonhams in late 2023, while $40,500 was achieved in 2021 for Scarred for Life (1994), doubling the Smith and Singer auction estimate. Her Laudanum photogravures (1998), once undervalued, have seen steady growth, with 4 editions fetching between $2,086 and $7,200 in 2024–25. Meanwhile, her Invocations silkscreens (2000) continue to trade periodically, bringing in $3,436 for Invocations 8 (Schapiro) in 2025, and sales through 2019 and 2020 confirming a sustained collector interest over time. Pet Thang no. 6 (1991) also exceeded expectations, fetching $5,124 at Gibson’s in early 2025. Alongside others, these results demonstrate renewed market confidence in Moffatt’s mid-career series, particularly those that blend cinematic narrative and Indigenous subject matter through a distinctly postmodern lens.
Although her top prices are still anchored to Something More, with top price record re-setting as recently as 2021: $270,000 for the full suite of Something More,1989, (Deutscher and Hackett), auction data points to a diversification of Moffatt’s collector base. The strength of interest perseveres despite market fluctuations and the inevitable softening that followed her blazing debut years of the early 2000’s. While intermittent years show a fall in total sales, results over time suggest a meaningful market correction upward, driven by new interest in works that were once overshadowed by her early fame. Yet, her works do remain undervalued relative to their international standing and conceptual sophistication. Collectors should look beyond the well-trodden Something More imagery to series such as Scarred for Life, Up in the Sky, Laudanum and most recently, The Burning, which combine personal mythology with formal brilliance. At present, these pieces continue to offer exceptional value in today’s market.
Moffatt’s reputation received fresh international exposure through her lauded 2017 Venice Biennale exhibition My Horizon. In 2024 her gothic series The Burning was unveiled at Roslyn Oxley9 Gallery. These recent projects have reasserted her relevance, showcasing her ongoing experimentation with narrative photography and digital composition. Her work’s strong conceptual and aesthetic cohesion, and her ability to continually reinvent, have led to increased institutional acquisition and international demand. Tracey Moffatt’s position as one of Australia’s most important contemporary artists is assured by both critical and commercial recognition.
Rank #10Cumulative AAMI 28.36
Annual AAMI rating by year — hover or tap a bar for the exact figure.
How the AAMI rating is calculated
The AAMI (Aboriginal Art Market Index) measures an artist’s auction performance each year. Each annual rating combines the value of works sold (total sales and clearance rate), the number of works offered, and the average price achieved — with adjustments that temper thin trading years and a rising annual price threshold, so results stay comparable over time. The yearly ratings are added together into an artist’s Cumulative AAMI score, which determines their rank in the index.