Fine Art

This monumental 19th century Russian gilt-bronze mounted porcelain vase, created by the Imperial Porcelain Factory in St Petersburg, is thought to have been included in the wedding dowry of a daughter of Tsar Nicholas I.

Colnaghi-Bernheimer of London and Salomon Lilian of Amsterdam have unveiled a rare religious painting by the Dutch 17th century master Frans Hals.

with buy-in rates exceeding 60 per cent at many sales, Russian Week in London proved this hitherto burgeoning market to be as vulnerable to the economic crisis as any other.

FOUND hanging in a Boston bathroom, the whereabouts of this Aubrey Beardsley (1872-1898) illustration had been a mystery for more than 80 years. Entitled The Climax, and hanging in the lavatory alongside another Beardsley pen-and-ink drawing called A Platonic Lament, the owners had no idea of its significance.

SOTHEBY'S keenly anticipated sale of the collection of the late Sir David and Lady Scott on November 19 provided a confidence-boosting result. Any pre-sale fears that the ‘unfashionable’ Victorian pictures it contained might damage results were soon put aside.

The falling stock markets that have dented the wealth of Russia’s rich have yet to impinge upon the appetite for the output of Karl Fabergé.

THE latest series of contemporary art auctions in New York showed how much the market has fallen since its peak. With sale totals down well over 50 per cent from last year’s autumn series held at the height of the boom, the extent of the damage caused by the current economic distress and diminished confidence amongst buyers was manifest. The question now is will prices stabilise or fall further?

A Mary Fedden watercolour is among the items for sale on the philanthropic auction site www.buyoncegivetwice.co.uk

COMING just hours after the election of Barack Obama in the US, a poster of the new President-elect sold at Bonhams & Butterfields in California for a double-estimate $4800 (£3145).

Following the sometimes painful results of last week's Impressionist and Modern art sales in New York, there can now be little doubt that the worldwide financial distress is undermining demand for trophy paintings and sculpture. All sales missed their low estimates by some margin.

NEXT summer the first Russian Art Fair will be launched at the Jumeirah Carlton Tower, Knightsbridge, London. It will run from June 6 to 9 to coincide with the Russian sales at the major auction houses.

DESPITE falling stocks, banks freezing and now top-end contemporary art taking a tumble, Samuel John Peploe's (1871-1935) Roses sold at £440,000 hammer to a UK private buyer at Christie's Scottish art sale in Edinburgh. With premium included, this was a record for a Scottish Colourist, although not a hammer record.

THE balloon-like market for contemporary art lost much of its air last week as both the Frieze Art Fair and its related auctions suffered the full force of the global economic crisis.

THE contemporary art downturn had a tangible effect on the market for urban art as the sales staged in London by Bonhams in New Bond Street on October 23 and Dreweatts in Shoreditch on October 14 witnessed greater selectivity amongst buyers.

Reports of the vast sums of money lost by some Russian oligarchs in the recent financial crisis did not appear to hamper enthusiasm for a collection of Russian cloisonné sold at Freeman’s in Philadelphia on October 8.

The Lenkiewicz Foundation have exposed two fake Robert Lenkiewicz (1941-2002) portraits after they were seen advertised for sale on a dealer's website. The dealer immediately withdrew the two paintings, a self-portrait and Study of Lisa Stokes, once contacted by the foundation.

WHETHER or not the art market will be able to steer its way through the current financial storm remains an open question. But providing some relief from the constant talk of falling stocks and the global credit crunch, a pair of Dutch marine pictures saw some strong bidding at the latest picture sale held by Woolley and Wallis on October 8.

THE question of authenticity remains high on the agenda in the Banksy market after a last-minute intervention by the self-styled guerrilla artist had a devastating effect on Lyon & Turnbull’s latest attempt to break into the London contemporary art market.

MEDIA interest in the Pietro Psaier controversy saw members of the national press in attendance at John Nicholson’s Fernhurst rooms on September 24 for the sale of 235 artworks.

As experienced art dealers discussed the £95.6m sale of 233 new works by Damien Hirst (b.1965), it was the word 'celebrity' that cropped up the most to explain the phenomenal prices seen at the Beautiful Inside my Head Forever sale.