Sotheby's

MORE details have emerged of how Sotheby’s are repositioning themselves to compete at the top end of the art market.

Buyers and sellers in collusion case set for $93.5m pay day

Lure of top-end art proves too tempting

SOTHEBY’s are attempting to gain a lead over their competitors in the crucial area of client services by announcing major enhancements to their website. It follows the decision by rivals Christie’s to bring in new online features such as live bidding last year.

THE changing tastes of collectors and the great 21st century art boom have been widely reported in recent times. And a timely case in point arrives with the news that the Belgian collector and food magnate Baron Guy Ullens has chosen to sell his collection of 14 Turner watercolours to focus his collecting energies and resources on Chinese Contemporary art.

Sotheby’s may be some distance away from holding sales in the Gulf – as Christie’s have now done three times – but they have taken measures to firm up their presence in the region by appointing a director for the Middle East and Gulf.

Among the highlights of Sotheby’s New York’s $96.9m Important Old Master Paintings sale on January 25 was Portrait of Captain Robert Shore Milnes painted in 1771-72 by Joseph Wright of Derby.

This enigmatic, 7in (18cm) high, early 18th century delftware plaque featured in Sotheby’s November 21 sale at Bond Street where it fetched a mid-estimate £26,000, selling to London dealer Jonathan Horne.

Dramatic rise in threshold points to battle royal for top end of market

THE untimely death on January 16 of Robert Noortman, the charismatic Dutch picture dealer who co-founded of the TEFAF Maastricht art fair, inevitably raises questions about the controversial relationship between Noortman Master Paintings and its owners Sotheby’s.

Illustrated by Denver Gillen, Robert L. May’s poem about Rudolph the Red Nosed Reindeer was first issued in 1939 as a give-away booklet for children by a Chicago department store, Montgomery Ward.

Sotheby’s are to sell the stock of Bourdon House, the historic Georgian townhouse in Mayfair recently sold by London dealers Mallett.

While many are still finding the market sluggish for standard English brown furniture, there is no shortage of demand at the top end as shown by results from the latest sales in London.

Sotheby’s have revised employee incentive packages in a move that should help stabilise costs and prevent key staff from being poached by rivals.

Sotheby’s Impressionist and Modern art sale of 83 lots on November 7 generated $238m (£131.5m) and was the auctioneers’ highest auction total since the previous Impressionist and Modern high water mark of May 1990.

IT was the Gothic furniture that was in strongest demand at Sotheby’s Haute Epoque sale in Bond Street last week, none more so than this massive 16th/17th oak refectory table that was bid to an astonishing £420,000 (plus premium).

Jackson Pollock’s 1948 drip painting Number 5 has set a new record for a painting. Mexican financier David Martinez has reportedly paid $140m for it in a private deal brokered by Sotheby’s.

WHEN TEFAF Maastricht opens its doors next March, something will be different. An extraordinary sequence of events means that for the first time, the world’s two biggest auctioneers will effectively stand as exhibitors at the world’s most important fair for specialist dealers in fine art and antiques.

AMERICAN folk art moved into new territory at Sotheby’s New York on October 6 when this life-size Indian chief weathervane with a rich verdigris patina sold for $5.2m/£2.9m (plus 20/12% buyer’s premium).

£57m Indian summer for auction rooms