Philip Bacon Galleries was established in 1974 with the support of artists such as Lawrence Daws, Margaret Olley, Charles Blackman and Robert Dickerson. Back then; what was once a tile warehouse had been modestly prepared to suit its new function as the city's latest gallery space. The gallery soon established itself as Brisbane's leading commercial gallery and attracted critical attention and clients and artists from around the nation.
Over subsequent years only slight alterations were ever made to the building and in mid 2001 plans were drawn up by award winning architects Cox Rayner and the gallery was given a major overhaul and renovation. The makeover transformed the site into an environment of light and space, making use of both the existing gallery and the adjoining 19th century terrace houses, the main concern being that the surround did not detract from, nor impose upon, the art being exhibited.

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