context this lady is contemplating selling a property she acquired through the death of her aunt and she is selling off the items listed below

Shes already auctioned off the contents of the property mainly personal effects, household furniture ect. Estimated value of each item not exceeding $4,000-5,000, total contents sold for $17,800. However, there were some items of note particularly a Heysen oil painting we assume was acquired sometime between 1958-1962 sold for $10,000. We assume it was purchased for approximately 500. Also, a 1982 Bentley Turbo R sold for $58,000, an Edwardian Sterling Silver Soup Tureen sold for $6,000, the bill of sale indicates it was purchased in 2003 for $5,000 and a set of Fresh Water Pearls purchased in 2008 for $5,000 sold for $3,000.

She is interested to know if there are any tax consequences from these sales? (using the ITAA97)

1. 1. The personal effects, household furniture ect; and
2. 2. The Heysen oil painting; and
3. 3. The 1982 Bentley Turbo R sold for $58,000; and
   4. The Edwardian Sterling Silver Soup Tureen; and
   5. The set of Fresh Water Pearls.

regarding question (b) I'm wondering because the painting was purchased before sept 1985 is it exempt from capital gains tax or does that not apply