Christie's

Just where were those bears made? The familiar stands, seats and other furnishings fashioned as realistically carved bears, usually from limewood, have traditionally been attributed to the Black Forest region of West Germany but recent researches suggest that Switzerland is a more likely source.

A combination of vendors reluctant to consign the best quality goods and cautious bidding from the trade created a fairly low-key atmosphere at London’s traditional pre-Christmas round of Old Master picture sales.

Thanks to the combination of sporting subject matter and extremely slick technique, Sir Alfred Munnings (1878-1959) continues to be one of the few early 20th century British painters to command a truly international following among the world’s richest private collectors.

François Curiel, head of Christie’s France, has set a precedent by winning permission to direct sales in France. It is the first time that the Conseil des Ventes, France’s auction watchdog, has authorised anyone who has not passed the traditional commissaire-priseur’s exams to hold the gavel.

November 19 was a very busy day for silver fanciers, obliged to make a decision about which of a trio of overlapping London sales they wished to attend in person. As well as King Sreet's main sale, there were more standard offerings at Christie’s South Kensington and Bonhams Knightsbridge (each 17.5/10% buyer’s premium).

Five days after Sotheby’s auction, a smaller, 152-lot Russian sale comprising works of art and pictures went under the hammer at Christie’s South Kensington’s rooms on November 26 and here too buyers picked over the contents with 60 per cent changing hands.

The market for high-value Victorian pictures took a downturn last week when Christie’s and Sotheby’s Important British Picture sales posted some worryingly high levels of bought-ins.

The upside of Asian art in London is that the volume of sales pulls in all the Asian and international buyers. The downside of this concentration is that scheduling without overlap is difficult and buyers inevitably pick their way through all those goods selectively. Christie’s South Kensington, who fielded a marathon 600-plus lot Chinese auction on November 14, felt both effects.

The results of Hong Kong’s October Asian series underscored the increasing polarity in this market in which there seems no limit to collectors’ and dealers’ insatiable desire for the best Qing dynasty mark and period porcelain or quality Chinese works with good provenance, but little interest in more standard Oriental fare.

Sotheby’s and Christie’s October sales of 19th Century European Art in New York told, or at least seemed to tell, very different stories of the current state of the market for high value Orientalist and genre painting.

Back on October 8, Christie’s South Kensington (17.5/10% per cent buyer’s premium) held one of their periodic silver sales where the emphasis is on Scottish and Irish silver. There is a keen collector’s market for such pieces if they are unusual in some way (carrying scarce Scottish provincial marks, for example), but standard material, as with much else in the silver field, is less eagerly snapped up unless very keenly priced. So it proved here.

The Impressionist and Modern sales were not the only New York sales last week to smash auction records. Christie’s November 5-6 sale of 19th and 20th century prints brought an extraordinary record price for a single print by Henri de Toulouse Lautrec. La Grande Loge, an 1897 lithograph in colours on wove paper, was an extremely rare and previously unrecorded colour trial proof produced before an edition of 12.

OF the three new world auction records taken at Christie’s Rockefeller Center saleroom on the evening of November 6, two of them were for pieces of sculpture. This follows on from Christie’s success in the May Impressionist and Modern sales, their best – as Sotheby’s were for them – for some time, when Constantin Brancusi’s 1913 bronze Danaïde took $16.5m (£11.6m), the highest price for any piece of sculpture sold at auction.

GIVEN the fiscal disadvantages involved, Christie’s and Sotheby’s won’t usually be looking to Paris as a venue for sales of Modern art, but Christie’s (buyer’s premium 20.93%) had a modest French Collection of Post-Impressionist & Modern Paintings and Drawings on offer on September 28 that fared well enough, with 40 lots from 43 sold for a hammer total of €1.04m (£650,000) with seven per cent bought in by lot and just two per cent by value.

EC fine Sotheby’s £13m – Christie’s escape penalty: THE US courts have given the go-ahead for compensation settlements to be paid in Sotheby’s and Christie’s $512m price fixing case. The green light came last week after the 90-day appeal period set by the US Supreme Court expired with no challenge to the ruling.

The second-eleven sale that followed on from Christie’s main Islamic auction, was held in their South Kensington rooms on October 18, with 324 of its 417 lots changing hands, and saw the highest take-up of all the sales in this autumn’s series.

Pick of the Bligh relics sold at Christies King Street last month was the cup that he used to hold his meagre rations of bread and water, a coconut shell that bears his incised initials, the date April 1789 and, inscribed in ink around the rim, the words “The Cup I eat my miserable allowance of”.

Glittering personalities from the world of arts, they were the toast of Paris in the late 1960s. Capote and Sagan, Karajan and Nureyev, Callas and Saint-Laurent – their presence at soirées was coveted by the self-regarding hostesses across town, but they all paid homage to the ultimate hostess trolley when they arrived for dinner at 10 rue de Dragon.

In the same week that their South Kensington rooms offered the first instalments from Margaret Cadman’s mammoth collection Christie’s King Street (19.5/10% buyer’s premium) rooms were busy selling the second part of the Dr KH Wadsack Collection of Berlin porcelain.

On October 4, Christie’s New York sold the Harvey Plotnick Library on ‘The History of Quantum Physics and the Theory of Relativity’ for a premium-inclusive total of $1.78m (£1.15m).