Art and antiques news from 2002

THE collapse of Enron seems to have had a belated effect on the price of gold – but for the better. Gold rose by more than $23 (£16) per ounce this week, a positive move that was reflected by a slight rise in both silver and platinum, as buyers seek more tangible assets for investment.

LAWYERS say that Sotheby’s and Christie’s can expect to face a £100m lawsuit over price-fixing at UK auctions within the next few weeks.

The estimate of £25-35 placed on a second impression copy of Tolkien’s The Hobbit was a reflection of its condition – “deplorable” being the cataloguer’s chosen epithet. There was no jacket and 20-30 leaves had been torn loose, one of which had been further torn into four (now three) pieces.

IN 1954 the painter and printmaker, Philip Reeves (born 1931), being interviewed for a post as a lecturer at the Glasgow School of Art, produced a letter of reference from the artist Robert Austin (1895-1973).

FRANCE: FRANCIS FRITH (1822-98) was the focus of attention of Beaussant-Lefèvre’s sale of 19th century photographs at Drouot on January 25, as expert Pierre-Marc Richard claimed a world record auction price of €23,000 (£14,400), almost double-estimate, for a Francis Frith photograph: an 1858 view of The Pyramids of El-Geezeh from the south-west (pictured).

THE LAST 450 or so lots of a two-day general antiques sale on 6 December at Cheffins, Cambridge comprised books, many of them multiples.

French take the Euro in their stride. Will the Brits be left behind? The euro, all Fr6.56 of it, appears to be making a smooth entry into French salerooms.

Exhibitions outside London: Specialist print dealer Elizabeth Harvey-Lee (1 West Cottage, Middle Aston Road, North Aston, Oxon OX25 5QB. Tel: 01869 34 7164) has built up an impressive reputation for producing informative, well-illustrated stock catalogues.

FINLAND: While they would not look out of place in the William Morris Museum or in Hill House Helensburgh, two silvered brass candlesticks in this sale had never left Finland. They came up for auction at Helsinki auction house, Hagelstam (12% buyer’s premium) on December 1 last year, where they had been catalogued with an estimate of FiM50,000/€8410 (the fale was conducted in Finnish Markk.

ONE of the more successful entries in this end of year sale at Comic Book Postal Auctions brought Christmas cheer to the Friends of St. Matthews School in Yiewsley, whose fund raising activities had brought in a large quantity of books, comics and annuals.

Last summer Christie’s Old Master drawings expert Nicolas Schwed was sitting at his desk in Paris checking through his e-mails when he came across this 460-year-old face staring back at him from his computer screen.

AUCTIONEER Mark Bowman is hardly the first auctioneer to be taken aback by the price achieved by a piece of Oriental porcelain, and not just at provincial rooms like his operation at the Wotton Auction Rooms (10% buyer’s premium).

New men at the rostrum bow in with aristocratic vendors and trade buyers: Short of a fine sale of antiques, a charity auction on 18 January was probably the best way that Bonhams could celebrate their takeover of Phillips’ old rooms in the capital.

There was no charitable quarter given to rival bidders when this plaster bust of General Charles Booth took centre stage at Duke’s (15 per cent buyer’s premium) dispersal of the Timothy Rich collection of Staffordshire figures in Dorchester on January 24.

This was a busy sale at the Hagley community hall for Fieldings on 12 January with a good crosssection of material on offer attracting a good mixture of trade and private buyers.

THE antiques trade was hard hit last year and the Surrey auctioneers Ewbanks are finding that the current uncertain economic climate is stopping private vendors from consigning their property to sale.

The Maritime sale held by Bonhams (15/10% buyer’s premium) in their New Bond Street rooms on January 16 was a sizeable 400-lot affair divided roughly 50/50 into paintings and maritime artefacts – the latter featuring anything from ship models to scrimshaw, divers’ helmets to sextants.

THE influence of eBay in the online antiques trade has increased further with the announcement of an online deal with sothebys.com.

LAST year’s United States class action against Sotheby’s and Christie’s over price fixing may now be followed by similar action in the UK. Dealers who missed out on the $512m compensation paid to settle the claims over US auctions will meet in London this week to plan a similar legal challenge in Britain.

Since the Craven commodes were sold in London last November there has not been any exceptional English furniture at auction in Britain, but that all changed when Dreweatt Neate offered the remnants of Daisy Fellowes’ Berkshire estate at Donnington Priory on January 30.