An officially licensed art exhibition by Mattel for Masters of the Universe is currently on display in Melbourne, since January... with an unknown end date, as it has been extended several times already.

It is located at the 1st floor of the 260 Collins Street.
The days it is open has varied in the past, but is most often open on Friday and Saturday, from 10am to 4 or 5pm.

The host is a company called Radio Velvet, who produces licensed clothing and posters by professional artists... and are VERY expensive ($65 for t-shirts and $85-110 for posters). You can check out their items on their website.

Since the host company is a store for their artists to sell their products, the exhibition appears to be mostly about the artwork, and looks to have a small display case of actual toys and merchandise.
This would probably be why access to the exhibit appears to be free, as it is really just a promotional shop-front for Radio Velvet, and in turn, a promotional vessel for Mattel.

If anyone here has already seen it, or you go and check it out this weekend, let us know what it was like.