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Art and antiques news from 2003
In 2003 the Antique Collectors' Club annual index showed house price gains outstripping antique furniture for the first time in 34 years - a sign of things to come as prices brown furniture began to fall.
In the same year Leslie Hindman reopened her eponymous auction house in Chicago - six years after selling her business to Sotheby’s - and Antiques Trade Gazette was voted Special Interest Newspaper of the Year at the Newspaper Awards.
Legal challenge on the question of attribution: Auction conditions of sale to be tested in High Court
02 December 2003AUCTIONEERS may be forced to change the way they catalogue objects if a High Court ruling goes against them next year.
Wealthy mainland buyers turn up in force to compete
28 November 2003Gone are the days when collectors could afford to ignore anything but the finest quality early 18th century imperial porcelain in mint condition. The burgeoning of interest in this field from Far Eastern collectors has ensured that when such pieces come under the hammer, the prices realised are out of the reach of all but the seriously wealthy.
Four Kangxi blue and white porcelain table legs
28 November 2003Dealers and collectors with money in their pockets at the end of Asia week were rewarded with a trip to Christie’s South Kensington (17.5/10% buyer’s premium) on November 14. The room was full for this 478-lot auction, with mainland Chinese and Far Eastern buyers interested in two conservatively estimated, market-fresh, non-European collections of Chinese calligraphy brushes and archaic jades.
Jade that leaves the rest in the shade
28 November 2003Christie’s King Street (19.5/10% buyer’s premium) were the only major house not to offer a single-owner sale in addition to their 163-lot mixed owner outing on November 11, but they managed to find buyers for the best quality private entries that sold well.
The gladness of King George III
27 November 2003BUCKINGHAM Palace will host an extensive exhibition next year entitled George III and Queen Charlotte: Patronage, Collecting and Court Taste. Opening on March 26 in The Queen’s Gallery, it will feature 500 objects, drawn entirely from the Royal Collection and constituting what is thought to be one of the largest and finest groups of Georgian material ever assembled.
Christie’s on the crest of a wave as ship model doubles previous record at £600,000
27 November 2003This impressive and highly finished late Queen Anne model of a 40/44 gun 5th rate ship, right, created a huge splash in Christie’s South Kensington’s 554-lot sale of Maritime models and marine paintings on November 19 when it sold for £600,000 (plus 17.5/10% premium), single-handedly providing over a third of the sale’s £1.36m total.
Art Fund celebrate 100 years with another grant
27 November 2003IN the week of their centenary conference to discuss the future of saving art for the nation, the National Art Collections Fund announced another success. They have awarded a grant of £108,000 to help the British Museum acquire the Guilford Puteal: Corinth’s Monument to Actium (c.25-10 BC).
Casino deal for Olympia is still only a gamble
25 November 2003Plans are serious but it will take years to fulfil them: Olympia’s owners have assured the Antiques Trade Gazette that plans for a large casino at the West London exhibition complex will not affect the Fine Art and Antiques Fairs.
AXA Art strike three-year deal to sponsor Maastricht
25 November 2003AXA Art have struck a three-year deal to act as principal sponsor for the TEFAF Maastricht fair from 2004. The sponsorship is a natural fit for the global art insurer, many of whose leading clients are exhibitors at what is acknowledged as the world’s top art and antiques fair.
Merger heats up art competition Down Under
25 November 2003AUSTRALIAN auction group Menzies have merged the art departments at their two leading rooms. With a combined art auction turnover for 2003 expected to exceed $35m, Deutscher-Menzies of Melbourne will now conduct all art sales previously split between them and the Sydney-based Lawson-Menzies.
Indian Sporting summer for Spode collectors
22 November 2003David Drakard is well known for his contribution to our knowledge of British ceramics both as a longstanding member of the English Ceramic Circle and as the author of two books on blue printed wares.
A rare chamber pot with commercial appeal
22 November 2003This unmarked mid-19th century chamber pot was one of the choice lots in the mixed-vendor section of Dreweatt Neate’s recent sale.
Last firing stamp adds to character
22 November 2003To mark the last firing of a traditional bottle oven in 1978, the Royal Doulton factory produced a special backstamp to apply to the base of a few otherwise ordinary character jugs.
SOFAA welcomes students
17 November 2003SOUTHAMPTON Institute is looking forward to a brighter future after the Society of Fine Art Auctioneers and Valuers confirmed approval of the BA (FAV) degree course and launched student membership.
LAPADA set up fraud alert as they help trap conman
17 November 2003LAPADA have set up an email alert system to warn members about fraudsters after an indepth investigation by the association led to a serial offender being caught and jailed. John Alderson of Seattle was convicted in the USA and has just been sentenced to 41 months in prison, followed by three years of supervised release. He must also pay restitution of $146,000 to victims.
Sotheby’s cut back on costs to boost results
17 November 2003A BIG cut in extraordinary costs for the third quarter of 2003 has boosted Sotheby’s latest results – as a result net losses have fallen by more than a third on the same period last year. The significant reductions in employee retention costs and antitrust-related special charges mean that losses for the quarter this year were down to $27.4m, compared to $43m for the third quarter of 2002.
Sotheby’s to stage Beaton tribute
17 November 2003IN February 2004 Sotheby’s New Bond Street will mark the centenary of Cecil Beaton’s birth with an exhibition of his most celebrated photographs. Beaton at Large, which runs from February 10 to 20, will complement the National Portrait Gallery’s major retrospective, Cecil Beaton: Portraits, which runs from February 5 to May 3.
Watson is far from elementary
13 November 2003Samuel Watson (1649-1710) is not perhaps as well-known as his contemporaries East, Knibb, Graham or Tompion but he is one of the blue chip names of late 17th century London clockmaking – good enough to enjoy the patronage of both Charles II and Sir Isaac Newton.
An extra Scone
13 November 2003NORTH Yorkshire organisers Galloway Antiques Fairs have events coming thick and fast this month and less than a week after shutting up shop at Dunscombe Park in their home county, they head north for The Scone Palace Antiques Fair, Perth from November 14 to 16. The popular Scottish fixture has been fully booked for some time with 33 exhibitors.
Pascali’s gun smashes the record
13 November 2003Italian Sales: FOR the first time in 10 years, neither Christie’s nor Sotheby’s held an October sale of German and Austrian art. The German economy is currently in far too fragile a state to support a major sale of Expressionist material in London and theme-minded Contemporary and Modern specialists concentrated their attention instead on October’s annual round of 20th Century Italian Art sales.