Auctioneers

SO-CALLED castle-top boxes represent a fascinating moment in British social history. Fashioned by the silver ‘toy’ makers of Birmingham, these vinaigrettes and card cases engraved or die-stamped with British landmarks were seemingly marketed as tourist souvenirs.

Old Masters provided some solace for the London auction rooms last week, posting the solid totals and some eye-catching prices to suggest this most established of markets will ride the downturn better than its modern counterparts.

In a week that saw the London salerooms offering their traditional December round of Old Master pictures, continental furniture and works of art, one of the strongest prices proved to be the £1m (plus premium) paid for this lively and intriguing 3ft (90cm) high bacchic bronze at Sotheby's on December 2.

BONHAMS have created a department for modern and contemporary South Asian and Middle Eastern art.

This monumental 19th century Russian gilt-bronze mounted porcelain vase, created by the Imperial Porcelain Factory in St Petersburg, is thought to have been included in the wedding dowry of a daughter of Tsar Nicholas I.

THE discerning collection of Chinese jades, rhinoceros horn, furniture, textiles and paintings assembled 200 years ago by John Reeves has now gone under the hammer.

with buy-in rates exceeding 60 per cent at many sales, Russian Week in London proved this hitherto burgeoning market to be as vulnerable to the economic crisis as any other.

The collection of national treasure, writer and poet, jazz musician and eco-warrior, but most memorably of all, the Goon and tormented comic genius that was Spike Milligan, brought strong bidding at Bonhams on November 25.

FOUND hanging in a Boston bathroom, the whereabouts of this Aubrey Beardsley (1872-1898) illustration had been a mystery for more than 80 years. Entitled The Climax, and hanging in the lavatory alongside another Beardsley pen-and-ink drawing called A Platonic Lament, the owners had no idea of its significance.

TWO of the West Country’s foremost fine art auctioneers, Bearne’s and Hampton & Littlewood, are to merge to become the biggest business of its kind in the South West.

THIS imposing but relatively plain 5ft 6in (1.69m) wide mahogany centre pedestal desk c.1760 was a last-minute entry to Addison's of Barnards Castle fine art and antiques sale on November 15.

WHEN Jeremy and Hotspur, two of London’s best-known furniture dealerships, announced in the late summer that they were shutting up shop and selling off their remaining stock, few could have predicted the ensuing market slump. Both dealerships, who intend to continue as consultants, must have had their fingers crossed at Christie’s on November 20, when the sale took place.

SOTHEBY'S keenly anticipated sale of the collection of the late Sir David and Lady Scott on November 19 provided a confidence-boosting result. Any pre-sale fears that the ‘unfashionable’ Victorian pictures it contained might damage results were soon put aside.

ENGLISH goldwork from the Renaissance period does not survive in great quantity. So the appearance of a 16th century Tudor gold livery collar on the market at Christie's earlier this month was a rare occasion.

JUST over a year after they held the sale of the contents of The Savoy Hotel, Bonhams are to embark on a second refurbishment sale of a London landmark.

Christie’s have clarified their position on storage for picture lots sold in their Interior sales at South Kensington following some confusion.

The falling stock markets that have dented the wealth of Russia’s rich have yet to impinge upon the appetite for the output of Karl Fabergé.

Surrey fine art auctioneers Ewbank are selling architectural stonework from the Palace of Westminster that dates from before the buildings were destroyed by fire and rebuilt in the 1830s.

THE latest series of contemporary art auctions in New York showed how much the market has fallen since its peak. With sale totals down well over 50 per cent from last year’s autumn series held at the height of the boom, the extent of the damage caused by the current economic distress and diminished confidence amongst buyers was manifest. The question now is will prices stabilise or fall further?

GUARANTEES slashed, costs to follow. That’s the message from Sotheby’s as they announce third quarter losses of $46.2m. And consignors will have to be more realistic about the deals they can secure and their expectations at auction in future.