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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.
Sotheby’s (almost) in Paris
04 July 2001FRANCE: A trio of Paris summer high season auctions which Sothebys are staging jointly with Paris auctioneers Poulain Le Fur got off to a Fr64m (£6.2m) start last week with the sale of the contents of the Monaco apartment of the Italian collectors and dealers M et Mme Luigi Laura on June 27.
Museum provenance adds attraction to Korean jar
04 July 2001Bonhams & Brooks (15/10% buyer’s premium) held their Far Eastern Works of Art on May 30, a couple of weeks earlier than the other main auction houses.
Royal exchange relic blazes away
04 July 2001Now that we cannot take what is left of our public services for granted, it is worth remembering that municipal fire brigades have only existed nationwide since 1938. When private brigades were the norm, the residents of towns and cities had to rely on firemen employed by private insurance companies, resulting in the bizarre sight of Commercial Union/Sun Life/Phoenix firemen idling in front of a blazing building insured by a rival company.
Colour sketch for the painting Flaming June by Lord Frederic Leighton
04 July 2001Illustrated is one of Lord Frederic Leighton’s most famous compositions Flaming June. This 41/2in by 41/4in colour sketch for the painting was understandably one of the sensations of Sotheby’s dispersal of the Leverhulme Collection at Thornton Manor, Merseyside, on June 26-28.
Costume cuts dramatic dash
04 July 2001This dramatic theatrical costume for a warrior in yellow satin with gilt thread and silk embroidery took the top price in a sale of Asian Costume and Textiles held by Christie’s South Kensington on June 21.
Attractions of Royal armorial
04 July 2001For last November’s Asia series Christie’s South Kensington (17.5/10 per cent buyer’s premium) switched from holding mammoth mixed Oriental offerings to more specialised separate Chinese and Japanese sales – an arrangement they continued for the summer Asian sales last month.
Arson threatens auction
03 July 2001VANDALS are being blamed for a fire that threatened to engulf Eastbourne Auction Rooms last week.
Big names quell the market jitters
02 July 2001The London art market breathed a general sigh of relief last week after Sotheby’s and Christie’s Part I Impressionist and Modern sales belied the atmosphere of economic uncertainty with a clutch of high prices for classic works by the major names of late 19th and early 20th century art.
A medieval lawyer’s pocketbook and Quevedo’s Seneca
28 June 2001UK: WRITTEN shortly after 1290, perhaps for a practising lawyer and presumably by professional scribes – it exhibits a variety of neat English cursive and charter hands – the manuscript copy of Magna Carta and the Statutes of England illustrated right is a remarkable example of an English medieval secular book.
Newburyport and a clock off the shelf at $23,000
28 June 2001US: TWO early American longcase clocks with much higher expectations failed to sell in a Freemans Americana sale of April 20, but the inlaid mahogany shelf clock pictured left doubled its estimate to sell for $23,000 (£16,430).
Where Eagles Dare and a little space oddity
28 June 2001Dan Dare, pilot of the Future, makes his first appearance in the 1950 first issue of Eagle comic, alongside which is a 1953 Dan Dare Book of Jet Planes, with 3-D viewer. These were sold by Comic Book Postal Auctions, London, on June 12 for £248 & £130, respectively (+ 10 per cent buyer's premium).
Prints of light and darkness
28 June 2001UK: A DOUBLE catalogue of prints, and maps saw many failures – nearly half of the 224 lots that made up the May sale of Old Master, sporting and decorative prints, plus photographs and drawings – but a selection from what might be termed the “better half” appears below.
A leaf from the Gutenberg Bible and other treasures
28 June 2001A single leaf from a 1455 Gutenberg Bible, in a copy of Alfred E. Newton’s A Noble Fragment of 1921 sold at Bloomsbury Book Auctions on June 8 for £15,000 (+ 15 per cent buyer's premium).
New fair planned for Madison Square Garden
28 June 2001NEW YORK dealer Jerome Eisenberg will launch a new international fair at Madison Square Garden in Manhattan this year and intends to become a serious player in the increasingly competitive top end of the American fairs scene.
$14,000 is the best of the offers
28 June 2001US: THIS 10in (25.5cm) high painted wood figure of an Egyptian offering bearer was described as Middle Kingdom, Dynasty XII in an antiquities sale held by Sloans in their Washington DC rooms on May 9.
Confederate collection of the captain of the Calypso
28 June 2001UK: A COLLECTION of carte-de-visite photographs and signatures of leading figures of the Confederacy – the South’s leader, Jefferson Davis, and military leaders, Stonewall Jackson and Robert E. Lee, among them – assembled by a Captain Busby of the Calypso, an English blockade runner, was one of more competitively contested lots in this Sussex sale. The collection was finally knocked down at £3000 to Julian Browning.
Cape Cod ‘in the rough’
28 June 2001US: ROBERT Eldred’s March 30-31 sale of Americana in East Dennis (Massachusetts) included what they first saw as a 2ft 11in (89cm) wide “mahogany Sheraton-style one-drawer console table”, consigned from a local, Cape Cod estate and valued at $250-350.
Ashmolean Greek grant
28 June 2001UK: IT HAS just been announced exclusively to the Antiques Trade Gazette that the Heberden Coin Room at the Ashmolean Museum, which holds one of the most comprehensive collections of coins and medals in the world, has received a very substantial grant to update and rewrite the history of Greek coins from their invention (c.630BC) to Alexander the Great (d.323BC).
Cumberland fair to move
28 June 2001UK: THE quarterly London Coin Fair, affectionately known just as the ‘Cumberland’ on account of its venue, that was held last Saturday (June 23) was the last to be held at the Marble Arch Cumberland Hotel, it has just been announced.
Delacroix's Cavalier arabe traversant un gue
27 June 2001FRANCE: CAVALIER arabe traversant un gue, by Eugene Delacroix, sold for F16.5m (£1.54m) plus 10 per cent buyer’s premium at Gros and Delettrez in collaboration with eauctionroom in Paris on June 18.