Art and antiques news from 2002

THIS 438-lot Suffolk auction at Abbotts may not have been as strong as their last sale in March but this was more to do with the quality of consignments this time round than a reflection of the market.

If maritime artefacts are your thing, set sail for Christie’s South Kensington. There’s a positive marina’s worth of material on offer on June 19 in the first of their two annual sales held in London devoted to all manner of marine artefacts and paintings.

Nanking means to most people the rape of that city by the Japanese; to ceramics collectors it conjures up memories of the Nanking Cargo, but in the specialist picture market it is the place where the 1842 treaty was signed opening up five ports to British merchants “without (molestation or restraint”.

This portrait miniature of a 30-year-old lady by Nicholas Hilliard, dated 1582, set a new auction record for the artist at Sotheby’s Olympia rooms on June 6 when it sold to a private collector bidding on the phone against the room for £200,000 (plus premium).

THE National Library of Ireland has acquired a sprawling collection of manuscripts by James Joyce, which remained hidden for nearly 60 years after being concealed from the Nazis.They include a total of some 700 pages in six notebooks, 16 drafts from Ulysses and typescripts and proofs of Finnegans Wake.

ALFRED Taubman, who has just announced an appeal against his collusion conviction, has started the ball rolling in his bid to sell his controlling stake in Sotheby’s.

THE head of one of the United States’ biggest industrial conglomerates has quit the company after being indicted on charges of sales tax evasion on paintings valued at $13m.

VALUE investor Jack Petchey has taken just under a 20 per cent stake in Mayfair dealers Mallett. He acquired the 2.66m shares, representing a 19.28 per cent stake in the company, at a price of £2.10 a share, from Merrill Lynch, on May 30.

A VENDOR has been ordered to pay more than £10,000 legal costs after a picture he sold at auction proved not to be by the famous German artist to whom it was attributed.

THE value of the UK’s international trade in art and antiques rose for the fifth year running during 2001. Total exports were down by 4.75 per cent to £1884m, but this was more than matched by a 13.5 per cent rise in total imports which were valued at £1623m.

MAJOR players from the English and Continental clock trade travelled to Dublin on May 1 for the sale of this important and rare 19th century ormolu-cased French automaton clock, right, at O’Reilly’s (15% buyer’s premium).

TILES: Tiles seem to be the new hot collecting area in British decorative ceramics. Following on from a sellout exhibition at Richard Dennis’s shop in Kensington last year, Bonhams held a sale of ceramic design in January that featured a large collection of De Morgan tiles which were pursued by a determined band of private collectors to prices that rivalled those of the pottery’s striking hollowwares.

The smallest (but not the smallest grossing sale) in the London rooms last month was the 115-lot, £581,000 gathering of 20th century Decorative Arts offered by Christie’s King Street on May 15.

A BONUS of the bona fide house clearance is the family rug – usually in a dishevelled condition but market-fresh, which surprises auctioneer and local trade alike by taking the top price of a sale from a mysterious overseas buyer.

Mention rare animals to a Lowestoft resident and you are likely to be directed to Suffolk’s only wildlife park on the outskirts of town, where African lions and ring-tailed lemurs roam the saltmarshes.

After Modern art specialist Francis Briest and Claude Aguttes of suburban Neuilly, Hervé Poulain and Rémy Le Fur have become the latest auctioneers to join Artcurial.

Tension in the East and distrust in the West have combined to force up gold prices.The steady increase in the value of gold over the past two weeks is due to “a combination of factors,” according to jeweller and precious metals dealer Michael Bloomstein.

Paul Sumner, managing director of Sotheby’s Olympia, has resigned from the company and is returning to Australia where he plans to set up his own business.

THE spectre of misleading fair guides landing dealers with bills for hundreds of pounds for unwanted advertising has risen yet again.

AN ex-Cambridge University student, jailed for four years for plundering priceless historical book collections, may face a stiffer sentence unless he repays hundreds of thousands of pounds.