Sotheby's

After years of regular sales at all the major auction houses, marine painting is an area in which top quality works by the most desirable names are in increasingly short supply.

Sold at $26,000 (£15,570) as part of the $3.82m (£2.28m) sale of the H.P. Kraus inventory held by Sotheby’s New York on December 4 and 5 was a lavishly illustrated manuscript of 1661 dealing with fireworks, ballistic design and construction.

Sotheby’s, who have continued the tradition of separate works of art sales rather than combining them with Continental furniture, were actually able to serve up a double helping in December. Their usual mixed-owner offering on the 12th was preceded by a separately catalogued single-owner sale, called Treasures from the Rothschild Collection, of cameos and other antique jewels, gold boxes, silver-gilt, Limoges enamels and other objects made of precious materials.

The Continental Furniture sale at Sotheby’s Bond Street on December 10 proved something of a struggle, just like the furniture elements offered the following day by their King Street competitors. Only half the 241 lots got away, with demand focussed more than ever on the rarest top quality.

THE CORA GINSBURG COLLECTION: Pioneering New York dealer and collector Cora Ginsburg (who died last December aged 92) was passionate about the needlework, costumes and textiles she dealt in.

A very clear indication of the cachet attached to pre Revolutionary French silver, especially if it is a cutting-edge design by a maker of quality, was illustrated by the two pairs of 18th century wine coolers pictured here, which were the star attractions at Sotheby’s on November 20.

A sizeable slice, almost a quarter of Sotheby’s sale on 20 November, was provided by one consignment, the 48 lots of silver and silver-gilt from the collection of the late Frederick Poke, an old school collector whose catholic tastes also included English furniture, Old Masters and Impressionist paintings.

SOTHEBY’S chief executive Robin Woodhead has confirmed that whatever happens with the casino plans at Olympia, his company are committed to maintaining two salerooms in London. He made the pledge during an in-depth interview with the Antiques Trade Gazette in which he also explained that flexibility over staffing and the running of sales were key to future success.

John van Schaik, managing director of Sotheby’s Amsterdam, has chosen to step down from his current position at the end of this year. Instrumental in developing Sotheby’s Amsterdam from a local Dutch operation into Sotheby’s main continental auction house, turning over €50m in 2003, Mr van Schaik oversaw a period of major growth and the move of operations from the centre of Amsterdam to its current premises in the south of the Dutch capital.

JUST in time for Halloween, a warm-blooded and unidentified mortal paid $10,000 (£5920) for this box of tools designed for vampire killing, pictured right. Sold as part of Sotheby’s New York 19th Century Furniture and Decorative Arts sale on October 30, a label on the kit says: “This box contains the items considered necessary for persons who travel into certain little known countries of Eastern Europe where the populace are plagued with a particular manifestation of evil known as Vampires.”

IN February 2004 Sotheby’s New Bond Street will mark the centenary of Cecil Beaton’s birth with an exhibition of his most celebrated photographs. Beaton at Large, which runs from February 10 to 20, will complement the National Portrait Gallery’s major retrospective, Cecil Beaton: Portraits, which runs from February 5 to May 3.

A BIG cut in extraordinary costs for the third quarter of 2003 has boosted Sotheby’s latest results – as a result net losses have fallen by more than a third on the same period last year. The significant reductions in employee retention costs and antitrust-related special charges mean that losses for the quarter this year were down to $27.4m, compared to $43m for the third quarter of 2002.

Sotheby’s have appointed their current German chief, Philipp Wurttemberg, to succeed Laure de Beauvau Craon as head of Sotheby’s France. M. Wurttemberg will start in the job in January 2004, while continuing as managing director of Sotheby’s Germany, a post he has held since 1999.

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 lacklustre results posted at Sotheby’s (20/10% buyer’s premium) summer garden statuary sale were not bettered in early autumn, the September 23 catalogue seeing only 365 of the 666 lots sold.

Included amongst the more venerable 18th century flutes, 19th century hurdy gurdies and 17th century harpsicords and spinets that make up the l03-lot sale of early musical instruments to be held at Sotheby’s Bond Street on November 25, is this unusual piece of more recent vintage.

An early autumn mixed hors d’oeuvres of silver and European ceramics went under the hammer at Sotheby’s Olympia (20/12% buyer’s premium) on October 2. Roughly two-thirds of the 375 lots were devoted to silver and vertu, and the remaining third to ceramics, but it was the latter that provided half of the ten highest prices, including what proved to be very much the top lot of the day.

A NEW company aiming to capture a market that even the top firms have failed to corner – selling high end art and antiques online – are trying a fresh approach. iGavel are headed by Vancouver-based Lark E. Mason, Jr, a 24-year veteran employee of Sotheby’s whose last role was director of online auctions for sothebys.com.

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.