Christie's

“There was a certain amount of watching. People were there to see what was happening, which was why it was slightly less active than last year, particularly for the nice, but less fashionable 19th century watercolours.”

Two weeks after Christie’s and Bonhams’ Knightsbridge sales, Bonhams’ (15/10% buyer’s premium) offered a small 110-lot selection of antiquities along with a dozen lots of icons in their Bond Street rooms on November 27.

This codified sequence of columns, dots and captions is what the superstitious folk of 16th century Italy consulted with more zealotry than a tabloid-reading lottery pundit in search of Mystic Meg.

Chinese sales at Christie’s South Kensington (17.5/10% buyer’s premium) can always be relied on to produce some good prices during Asia week. While the morning works of art session in their Chinese Ceramics and Works of Art sale, November 8, was quiet, business picked up in the afternoon for the ceramics section.

Individual entries consigned to Sotheby’s and Christie’s Chinese sales were an encouraging reminder to any jaded dealer that if you look hard enough and long enough, sleepers are still to be found.

SALES IN ITALY: The first auctions to take place in Italy this autumn in the midst of these days of gloom have been encouraging. In Rome on October 30, Christie’s (22.5/18.5% buyer’s premium) sold the contents of the residences of a collector, Michele Falzone del Barbarò. All 362 lots sold for around £400,000, far exceeding the auctioneers’ expectations.

DESMOND Morris is perhaps best known for his books and TV series exploring the behavioural patterns of humans and other animals. Not so well known is his fondness for collecting Ancient Cypriot Art, objects that reach back in time to an age when the society he so avidly studies was in its infancy.

WILKINSON’S/ CLARICE CLIFF: One might have expected Clarice Cliff pottery, with its very large UK collecting base, to be one of the areas of the market more resistant to economic concerns or the lack of confidence triggered by America’s low buying profile. But the jittery mood seems to have rubbed on the two most recent auctions to feature large quantities of Clarice material: that held by Christie’s South Kensington on November 2 and the Applied Arts sale at Sotheby’s Olympia.

To prove the point, Christie’s have held their first ever ‘Transatlantic’ wine auction. Dubbed the International Burgundy Sale, this 973-lot auction of the region’s most prestigious wines was offered in two legs, the first 303 lots in an afternoon session at Zachy’s/Christie’s (10% buyer’s premium) in New York on October 30, the remaining 670 the following evening at Christie’s (10% buyer’s premium) King Street on November 1.

Christie’s are to make 23 staff redundant in Los Angeles, their second largest saleroom in America. The decision is part of an ongoing, worldwide cost-cutting programme undertaken by the company following the settlement of the $256m lawsuit over commissions and the downturn in the art market this year.

There were two horological offerings last month at Christie’s South Kensington (17.5/10% buyer’s premium). The auctioneers kicked off on October 3 with a mid-range clocks and barometer selection then followed it up on the 10th with a grander offering styled as Important Watches.

The show stopper at Christie’s Indian and Southeast auction on October 17 was this sublime grey schist Gandharan bodhisattva, 2/3rd century. The drapes of the robes falling about his body contrast with his powerfully carved bare chest, as he stands gazing ahead with a fixed stare.

The most hotly contested property in Christie’s 335-lot Japanese and Korean sale on October 15 was a selection of Korean art from the Falk collection. Just over half of the reasonably estimated 55 Korean entries hailed from this New York collection, that attracted new American buyers as well as regular European privates and dealers.

Two rather different toy sales went under the hammer early last month. October 4 saw Christie’s South Kensington (17.5/10% buyer’s premium) put some 465 lots predominantly devoted to dolls under the hammer while six days later Bonhams & Brooks (15/10% buyer’s premium) offered an even bigger, more general 630-lot mix of playthings ranging from Dinkys and lead figures to dolls, soft toys and tinplate.

FRANCE: After a long and frustrating delay, Sotheby’s and Christie’s finally got the official go-ahead late last week to conduct auctions in France. They were among the first four auction houses to receive a licence from the French Conseil des Ventes on October 25 and both houses swiftly announced details of their inaugural sales to be held later this year.

Christie’s will close their office and saleroom in Athens on November 30, with the loss of all seven staff. The company is also shutting offices in Oslo, Stockholm, Frankfurt and Copenhagen, with the loss of at least 12 administrative staff, with further office closures expected in Asia and America by the end of the year.

Last week’s German and Austrian art sales, the first major test of international art market since September 11, pointed to difficult conditions ahead for Sotheby’s and Christie’s – and indeed Phillips – during the forthcoming winter season.

Several auction records were broken when Christie’s New York sold the library of Abel E. Berland in an October 8-9 sale that saw 90 per cent of lots sold for a premium-inclusive total of $14.4m (£9.8m).

There were few plate books in this year’s Arts of India sale at Christie’s, held on September 27, but one notable result was provided by Emily Eden’s Portraits of the Princes & Peoples of India, published by J. Dickinson in 1844.

“For the really top things there’s no shortage of buyers, but the middle ground is weaker,” affirmed Stephen Mould of Sotheby’s wine department. “If you’ve got large parcels that depend on the trade, then bidders are more cautious. But if you’ve got small quantities of the finest things there are plenty of private buyers prepared to pay good money.”