Christie's

WITH vendors finding greater confidence (and, in some cases, greater incentives) to offer blue chip works, both Christie’s and Sotheby’s mounted strong sales of Impressionist and Modern art in New York last week. Ahead of this week’s sales of Contemporary art, the two big players both improved substantially upon last year’s figures and posted artists records for Modigliani, Léger, Klimt, Jawlensky and Moore against a backdrop of solid levels of demand.

THE Chicago Clearing Corporation, the US traders in class action certificates, are to visit London again to buy and sell the vouchers issued following the Christie’s/Sotheby’s collusion case settlement.

The seasonal nature of the international Asian art market means buyers risk being swamped by the sheer volume of Asian art auctioned in a concentrated period. So it was the sale timing as much as the market freshness of a 103-lot private English collection of Asian works of art from a deceased estate that contributed to the success of Christie’s South Kensington’s (17.5/10% buyer’s premium) 465-lot outing on October 4.

Walking may be an unfashionably slow mode of transport in today’s time-pressured world, but lengthy periods spent on foot in past centuries were made more pleasurable by a vast array of walking aids. This material is now seriously collected and a cluster of cane collections have appeared on the market of late.

Bonhams weren’t the only London salerooms to be offering a good selection of antique glasswares. On October 9, just a week after the Harvey’s dispersal, Christie’s South Kensington (17.5/10% per cent buyer’s premium) had a mixed-owner 280-lot selection of British and Continental glass to offer as part of their monthly At Home series.

AMONG the London salerooms offering a good selection of antique glasswares in the last fortnight, Christie’s South Kensington had a mixed-owner 280-lot selection of British and Continental glass to offer as part of their monthly ‘At Home’ series.

September was football time for two of the London rooms, Sotheby’s Olympia (20/10% buyer’s premium) fielded a 437-lot sale on September 11 and Christie’s South Kensington (17.5/10% buyer’s premium), who followed on two weeks later with their 302-lot offering on September 23.

Ian Turner’s 142-lot collection of Monart sold by Christie’s South Kensington was the largest auction dispersal of this colourful Scottish art glass to date.

Two historic, finely carved Mughal emeralds were the highlights of Christie’s Arts of India sale in London on September 24. Topping the bill was a 17th century wine cup made from a 408.5ct carved emerald mounted in gold and enamel that sold to a Middle Eastern buyer on the phone for £1.6m (plus 19.5/12% buyer’s premium).

Greater levels of trade and private interest in what were fairly routine silver outings at Christie’s South Kensington and Bonhams Knightsbridge on September 9 gave specialists at both houses cause for optimism.

TRAVEL POSTERS: The annual travel poster sale held by Christie’s South Kensington (17.5/10% buyer’s premium) usually enjoys a keen collectors’ following, with buyers drawn by the evocative nostalgia and romance of a bygone age when the train rather than the car was the principal method of reaching one’s holiday destination.

Representatives of a US company trading in class action certificates are coming to London to meet UK recipients of vouchers relating to the Sotheby’s/Christie’s price-fixing settlement in the USA.

THE company appointed to administer the Sotheby’s/Christie’s price fixing settlement in Europe have apologised for the error on the compensation claim forms which has delayed the process. The Garden City Group, who sent out the forms last month, transcribed the compensation amounts in dollars rather than pounds sterling. The amounts were listed in the section of the form titled Pre-Printed Transactions Supplied by Christie’s and Sotheby’s.

Though no direct relationship has yet been established, there are very obvious similarities between the manuscript map reproduced right and one of the more significant maps in American history, the engraved map, right lower, found in the History of the Expedition under the Commands of Captains Lewis and Clark... in 1804-06.

Twice a year Russian silver and icons are included in Christie’s South Kensington’s (17.5/10% buyer’s premium) routine miniature and vertu sales and it was the 44-lot Russian silver section that saw some of the most consistent bidding in this 587-lot July 15 outing.

A BASIC clerical error seems certain to delay compensation payments linked to the Sotheby’s/Christie’s price fixing settlement, it has emerged. At least in some cases, the figures quoted in forms sent out notifying claimants of their entitlements have been transcribed in dollars rather than in sterling.

Hawk-eyed dealers scouring the London rooms in July for Asian sleepers would have been rewarded by a trip to Christie’s South Kensington’s (17.5/10% buyer’s premium) Asian Decorative Arts 586-lot sale on July 10.

Christie’s have announced worldwide sales totalling £589m ($947m) for the first six months of 2003, again laying claim to the title of the world’s leading auction house. This compares with a dollar total for the same period last year of $989m, a fall of just over four per cent. Of this, auction sales make up £549m ($883m) and private sales £40m ($64m).

HONG KONG ASIAN SALES : When SARS broke out in Asia earlier this year, Sotheby’s decided to hold their Asian auction series in Hong Kong as planned in April, but Christie’s postponed their Hong Kong sales until early July. Sotheby’s may not have registered the same levels of Western interest in their two fine Chinese sales on April 27 (the combined 281 lots totalled a premium-inclusive HK$106,481,440), but like Christie’s, they reported increased mainland Chinese buying.

ITALY: MORE than 440 lots of silver and Russian works of art were offered at Christie’s (24-18.5% buyer’s premium, excluding VAT) sale in Rome on June 12, of which slightly less than half sold.