Fine Art

A NEW record for Ming porcelain set by a king of Las Vegas provided the headline, but the real story of Christie’s anniversary series in Hong Kong was the rise and rise of Modern and Contemporary Asian art. This relatively new visitor to the global auction market has now eclipsed more traditional collecting disciplines as Christie’s biggest earner in Hong Kong.

AN unseen and apparently unique collection of photographs, letters and maps that illuminates the campaigns of Field Marshall Montgomery in the Second World War has emerged at Kent auctioneers Watermans.

Over 500 clients participated in Christie’s inaugural sale in Dubai last month at the Jumeirah Emirates Towers Hotel.

Hedge funds continue to stake a claim on big-ticket names

PHILLIPS de Pury & Company are to open a new London saleroom and hold a special Contemporary Art and Design auction on October 14 during the Frieze fair.

Pablo Picasso has become the ultimate luxury brand. On May 3 at Sotheby’s New York Picasso’s rare and iconic 1941 portrait, Dora Maar au chat, became the world’s second most expensive painting when it sold for $85m (£48.3m) to a mystery buyer in the room, widely presumed to be representing a Russian oligarch.

LESS than two months remains to find the final £116,057 towards the £1.4m price of a unique portrait of the 17th century poet John Donne.

MUSSOLINI’s son-in-law and foreign minister, Count Galeazzo Ciano, would have done well to heed the imagery of this black glazed terracotta head when another version of it came into his possession.

The current boom in the market for Chinese Contemporary paintings could hardly be better illustrated than by the way sale statistics have been leapfrogging around the globe in the last couple of weeks.

Works by Eric Ravilious (1903-1942) are only very occasionally seen on the market. So when this evocative watercolour Salt Marsh was offered at Sworders (15% buyer’s premium) sale in Stansted Mountfitchet on April 11 it attracted at least seven interested parties.

The enormous potential of the market for contemporary Chinese art was dramatically underlined by almost frenzied scenes at Sotheby’s (20/12% buyer’s premium) eagerly awaited March 31 Contemporary Art Asia sale in New York.

In last week’s ATG we revealed how a sketchily catalogued box of over 130 19th century photographs estimated at £80-120 in a Cumbrian auction house proved to be a cache of images made by the early daguerreotype process and ended up selling to Ken Jacobson for £75,000.

"Lot 132. A 19th century mahogany box containing a quantity of 19th century photographs: 15 small images of stonework on metal, 50 images of buildings on metal, 70 small images of buildings on metal and 14 of buildings on card. Box poor condition, many images poor condition."

Bloomsbury Auctions are opening a Contemporary art department to compete for a share of London's burgeoning market.

The UK’s leading art charity has commissioned its first-ever work by a contemporary artist as part of a campaign to boost funding for the arts.

Stephen and Iona Joseph began collecting and dealing in primitive animal portraits more than 30 years ago and as Iona Antiques were well-known exhibitors at top antiques fairs both here, where they were regulars at Grosvenor House, and in the United States. However, since Stephen Joseph died last year his wife has decided to stop dealing and is selling her collection at Bonhams on March 21.

A cache of William Blake watercolours, unearthed in a Glasgow bookshop five years ago, are to be sold in New York after attempts to keep them together in the United Kingdom have failed.

The highlight of a strong £500,000 sale conducted by Sworders of Stansted Mountfitchet on February 14 was this Fabergé silver-gilt and cloisonné enamel box. It had been given to the vendor's husband by his grandfather who had lived and worked in St Petersburg until the time of the Revolution and had met Carl Fabergé in person.

This medieval bronze jug was the talking point of Sotheby’s sale of the contents of Easton Neston last year when it was bought by London dealer Daniel Katz for a premium-inclusive £568,000 against expectations of £60,00-80,000. The rare jug is cast with a slew of insignia including the Royal arms as used between 1340 and 1405, a maker’s mark and the inscription To My Lord Wenlok.

New buyers help records tumble as London reinforces its importance