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Art and antiques news from 2001
In 2001 Alfred Taubman and Sir Anthony Tennant, respectively chairmen of Sotheby's and Christie's in the 1990s, were indicted by a US federal grand jury on charges of colluding to fix rates of commission between 1993 and 1999.
Taubman received a jail sentence the following year whereas Tennant refused to leave Britain to stand trial in New York and could not be extradited because there was no equivalent criminal offence in the UK.
In other news restrictions on travel in the UK due to foot and mouth affected auctions and fairs across the country.
The attacks of 9/11, in which 3000 people died, not only disrupted fairs and sales in Manhattan but also led to fewer US buyers travelling to the UK to acquire art and antiques. Trade in antique furniture was particularly badly affected in the following years.
Longcase emerges top
31 August 2001Horology topped the July 24-25 519-lot sale at the Bournemouth rooms of House & Son (15% buyer’s premium) when an 18th century longcase, being sold on the behalf of a local storage company where it had been left uncollected for years, was a specialist target.
Walnut whips up bidding to ten-times estimates
31 August 2001Brown furniture may not be at a premium at present but walnut is still capable of springing some surprises, as was seen at the Taunton sale held by Greenslade Taylor Hunt (15% buyer’s premium) on July 26 and the July 21 sale held by Altrincham auctioneers Patrick Cheyne (12% buyer’s premium).
Novelty rings a bell with silver buyers
31 August 2001GENERAL silver remains a quiet market but novelty material is booming as shown when this 51/2in (14cm) silver-encased desk bell by Gy & Co,in the form of a tortoise, was offered at the July 17,18 sale held at Aylsham, by Keys (10% buyer’s premium).
French Jewellery of the 19th Century
31 August 2001French Jewellery of the 19th Century, published by Wartski, 14 Grafton Street, London W1. £5 in aid of Befrienders International.
Dealer’s choice ‘outranks Leverhulme treasure’
31 August 2001UK: DEVON dealer in early furniture and works of art Michael Dann of Hatherleigh Antiques holds another of his splendid exhibitions of very special pieces from September 12 to October 13.
Brick-and-mortar disputes may spell the end for ewolfs.com
29 August 2001A DISPUTE over rent and refurbishment could spell the end of ewolfs.com, the Ohio-based online auction house, who have shed 20 of their 24 staff and shut down temporarily in the crisis.
ICollector to introduce fee to subscribers
28 August 2001ICOLLECTOR intend to bring in more revenue by introducing a subscription rate of around £40 a month for their Auction Search service and extending banner advertising on their Website.
Hearts and flowers
28 August 2001A continued demand for good quality Georgian and early Victorian jewellery at Phillips (15/10% buyer’s premium), Bayswater, 415-lot antique and modern jewellery auction, August 7, saw this gem set heart-shaped locket pendant, c.1830, steal the top slot.
Pair of Qianlong mark and period vases
28 August 2001This pair of Chinese porcelain vases had been salvaged from a house owned by a religious cult. No, not the Falun Gong, but the Panacea Society, a ‘charity’ founded in Bedford after the First World War who believed that Christ would make his second coming to the town of the eponymous van.
West Coast future for some of Christie’s NY departments
28 August 2001USA: Christie’s New York are relocating and restructuring a number of their departments in preparation for the assimilation of Christie’s East into the company’s Rockefeller headquarters.
Rich pickings at the table
28 August 2001UK: CUTTING EDGE is the title of a major cutlery exhibition opening at Fairfax House in Castlegate, York, on September 1. The display, which will remain on show until December 30, before moving to the Millennium Galleries in Sheffield and then, in March next year, the Geffrye Museum in London, covers “5000 years of man and knife”.
A Tibetan haul of growing prosperity
28 August 2001August may be an unlikely month to find unusual Asian entries in London’s salerooms, but Christie’s South Kensington’s (17.5/10% buyer’s premium) regular Asian Decorative Arts sale, August 16, threw up two quirky 19th century Chinese blue and white bottle vases and covers, 121/4in (31cm) high, made for the Tibetan market.
Results point to more job cuts
23 August 2001AS Sotheby’s announced their plans for Billingshurst, they also revealed disappointing worldwide results for the second quarter of the year that showed profits halved ($14.3m compared to $30m for 2000). They predicted a loss for the year as a whole.
Christie’s sales three per cent ahead of rival
23 August 2001CHRISTIE’S kept ahead of Sotheby’s in worldwide sales, recording a total of £681m ($974m) for the first six months compared to Sotheby’s £659m ($942.9m) – a gap of three per cent.
US online auctions firm launches bid to take over Icollector
21 August 2001US-based Ableauctions have made an offer to acquire fellow online auctions firm ICollector in a share swap deal that values ICollector at £9.8m ($13.9m).
Buckinghamshire mementos of the Raj
20 August 2001MEMORIES of the Raj were the selling point at the collectors’ sale held at Amersham Auction Rooms (15% buyer’s premium) on July 5 which included pieces acquired by Lord William Hailey during his Governorship of the Punjab during the 1920s.
Secondhand copy of first hand first
20 August 2001AMONG the earlier travel books in the June 14 sale held by Pacific Book Auctions was a 1632 first edition of Bernal Diaz del Castillo’s famous first-hand account of the conquest of Mexico, Historia Verdadera de la Conquesta de la Nueva-España. An ex-Nottingham Free Library copy in a 20th century quarter morocco binding, it had stamps to the title and other pages and a few other shortcomings of condition, but it is an important work and sold at $5000 (£3625).
Even in a cautious climate, diamonds are forever…
20 August 2001UK: Good stock furniture usually provides the highlights at these Michael J. Bowman Devon rooms but there was little of real quality among the 511 lots in July and, reflecting current caution among trade buyers, it was left to classics in other sections to produce the better results.
English fire power – Lucknow style
20 August 2001UK: One of the highlights of Christie’s South Kensington’s antique arms and armour sale on July 19 was this interesting Indian-made group, comprising pistols and a sporting gun from the Lucknow Arsenal.
£5800 University Grant
20 August 2001The estate of the widow of Professor H.B. Acton, a former Professor of Philosophy at Edinburgh University, provided the Scottish and Cumbrian auctioneers Thomson Roddick & Medcalf (15% buyer’s premium) with an attractive group of 20 Modern British lots to put before bidders at The Royal Scots Club in Edinburgh on July 25.