Fine Art

WORKS by some of biggest names in the Modern and Contemporary art market drew serious levels of international competition in London last week.

CHRISTIE’S have decided to re-introduce dedicated 19th century European art sales, with the first taking place in London on June 15.

THE ten Parisian dealers hoping to push Old Masters into the limelight in the French capital have confirmed their decision to hold a fair dedicated to the genre this autumn with dates and details.

A SALE at the Hotel Drouot in Paris devoted to minor works by Picasso was called off at the last minute because of controversy over provenance.

LIMITED interest on the two star lots meant the best contests at this month’s Old Master series in London came for more attractively pitched works by less familiar names.

TEN leading Parisian Old Master galleries have announced plans to launch a select new fair in the French capital next year.

THE price of $56.5m (£36.9m) seen for Andy Warhol's The Men in Her Life at Phillips de Pury's evening sale, meant that for the first time in a New York Contemporary art auction series the top lot did not come from Sotheby's or Christie's.

YOU’D have thought he’d be glad to see the back of it. But duped art dealer David Smith of Neptune Fine Art has bought back the fake Lowry picture he originally purchased for £330,000.

ALONGSIDE the $65.5m (£42.8m) Modigliani (see story here), the price of the week in New York was the phenomenal $32m (£20.9m) seen for The Finding of Moses by Sir Lawrence Alma-Tadema.

RECORD prices for three European artists helped lift the latest round of Impressionist and Modern art sales in New York. With the market much more selective since the downturn two years ago and most of the competition focusing on the biggest trophy lots, the new saleroom highs for Henri Matisse, Juan Gris and Amedeo Modigliani provided further evidence of recovery at the top end.

GENERATING a 25-minute bidding battle at Halls' sale in Shrewsbury on October 20, The Earl of Oxford's Roan or Bloody shouldered Arabian by John Wootton (c.1682-1764) set a new house record when it was finally knocked down to an anonymous UK buyer for £326,000.

THREE people have been arrested in Germany in connection with a multi-million pound art fraud involving a number of apparently major 20th century oils sold on the international market in recent years.

FOUND earlier this year in a house near Oxford where they were carrying out a probate valuation, auctioneers Mallams offered for sale this seminal painting Bravo! by C.R.W. Nevinson (1889-1946) on October 13.

WHILE the sale of artworks and ephemera formerly owned by the Lehman Brothers bank had a strange attraction for souvenir hunters and contemporary art dealers, it was, perhaps more surprisingly, also of interest for enthusiasts of marine art.

WHEN Barnes Thomas, director of Barnes Thomas County Auctioneers of Penzance, was called to the home of a retired fisherman in the town to value a painting, he found a cache of works by the original St Ives naive painter, Alfred Wallis (1855-1942).

THE fake Lowry at the centre of a £1m art fraud that landed Maurice “Lord Windsor” Taylor in jail is heading to auction to help pay his victims compensation. Once sold for £330,000, it is now valued at just £5,000-10,000.

Bonhams’ latest prints sale in London included a relatively large selection of Modern British works from the likes of John Piper, Graham Sutherland and Henry Moore.

A RARE group of four hand-coloured lithographs of Sydney from c.1826 by travel artist Augustus Earle (1793-1838) saw interest from both hemispheres of the globe emerge at Bonhams' (20% buyer's premium) in Oxford on September 8.

LA Minotauromachie from 1935 is arguably the masterpiece of the Pablo Picasso's 2000 or so different printed works.

WARTIME works by C.R.W. Nevinson (1889-1946) are iconic, sought after and scarce – a potent commercial combination.