The Victorian Artists Society is architecturally significant as an early expression of the American Romanesque style in Victoria. The style in Australia was strongly influenced by prominent American architects, notably Sullivan and Richardson. This new style represented a shift from the traditional European architectural influences of the Classical and Gothic styles, and was a conscious identification to the New World. It was significant as one approach in the search for a national style of architecture appropriate to Australia. The Victorian Artists Society has a skilfully executed decorative scheme with decorative mouldings, half columns and foliated panels. It is one of the few surviving works of architect Richard Speight.