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New superannuation fund rules are too dear, dealers say
VETERAN Melbourne art dealers Bill Nuttall and Annette Reeves will auction the entire collection of Aboriginal art acquired by their superannuation fund over 20 years rather than comply with new storage rules.
Mr Nuttall said rules governing the storage of superannuation art collections introduced last year were too onerous and expensive so they decided to sell, despite the soft market.
"We bought them to enjoy but in four years time you'll have to have them permanently stored so that makes it much clearer now what you can and can't do," he said. "We're selling without reserve because we...