Auctioneers

The auction process is a key part of the secondary art and antiques market.

Firms of auctioneers usually specialise in a number of fields such as jewellery, ceramics, paintings, Asian art or coins but many also hold general sales where the goods available are not defined by a particular genre and are usually lower in value.

Auctioneers often provide other services such as probate and insurance valuations.

Bonhams’ stylish new look

19 November 2002

BONHAMS have continued their bullish programme of expansion and modernising with a complete facelift – internal and external – of their Knightsbridge salerooms. With a grand launch on November 25, the new-look rooms have seen much more of a change than the makeover they enjoyed in the late 1980s.

Bids blossom for Greenock rarity

15 November 2002

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.

Why do bibulous businessmen bypass the decanter?

15 November 2002

Wine-related silver is sitting at the top table of the market at present as the luxury boozing culture of hard-working businessmen props up the value of coasters, labels, corkscrews and funnels. But one area that has not benefited so much from the interaction of wine merchants and boardroom boys in recent years has been the standard Victorian decanter and claret jug.

Commercial mix and keen estimates help standard offering to high take-up

15 November 2002

There were no massed ranks of Prussian royal silver on offer at Sotheby’s Olympia (17.5/10% per cent buyer’s premium) on October 24. On offer here was a good 350-lot commercial mix of English and Continental fare from a variety of sources which netted £310,000.

Egyptians try to reverse sale over clause on profit

12 November 2002

Antiquities dealers could find their trade in legally exported artefacts threatened despite due diligence if the Egyptian government succeeds in reversing Sotheby’s sale of a granite bust of Ramses II.

Toovey to open huge new Sussex saleroom…

12 November 2002

UK: AUCTIONEER Rupert Toovey is to open a huge new saleroom at Washington, just off the A24 outside Storrington in West Sussex. The move, which he has been working on for more than a year, will bring him a purpose-built auction space that is two and a half times the size of his current Partridge Green rooms.

La Grande Loge sells for $600,000

12 November 2002

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.

Theft ‘insider’ claims dismissed

12 November 2002

UK: SOTHEBY’S have denied reported claims by a gang caught in possession of stolen antiques that they had an insider working at the auction house. The theft was highlighted after the arrests of four Romanians and one Kosovan last week during a police sting to uncover an alleged plot to kidnap the celebrity Victoria Beckham.

New York art sales beef up the market

11 November 2002

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.

Manguin lifts the lot of Modern

07 November 2002

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.

No flight of fancy

07 November 2002

In May 1919 New Yorker Raymond Orteig offered a $25,000 prize for the first non-stop aeroplane flight from New York to Paris. In the ensuing eight years dozens of people managed to cross the Atlantic Ocean by air, but no one met Orteig’s criteria until eight years later when on May 20-21, 1927 Charles A. Lindbergh made the longest non-stop, heavier-than-air transatlantic flight in his plane, the Spirit of St Louis.

Tally ho!

07 November 2002

The imminent sale at Bloomsbury Book Auctions this Thursday (November 7) will feature a late 15th century French illustrated manuscript of the most important treatise on hunting of the Middle Ages, shown right. Gaston Phébus’ Livre de la Chasse and Livre de l’Ordre de Chevallerie, illuminated manuscript on paper, bound in 17th-century calf, in modern morocco-backed cloth case is estimated at £250,000-300,000.

Sotheby’s former Olympia chief aims for top Down Under

05 November 2002

PAUL Sumner, brought in as managing director to launch Sotheby’s Olympia last year, has announced his aim to make Lawson-Menzies the top auction house in Australia within two years.

William Morris wallpaper designs

05 November 2002

Edinburgh’s Royal College of Surgeons was the venue on the evening of October 29 for the sale by Thomson, Roddick and Medcalf of four important and original wallpaper designs by William Morris (1834-1896).

US price-fixing compensation can go ahead say courts

05 November 2002

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.

Pleased to do their duty by Nelson

30 October 2002

Few historic characters are guaranteed to generate more interest than the one-armed, one-eyed figure of Britain’s most celebrated admiral, Lord Nelson. Sotheby’s (19.5/10% buyer’s premium), Bond Street, 93-lot auction of Nelson memorabilia from the Alexander Davison collection sold on Trafalgar Day (October 21) to a room so packed that buyers had to spill over into an adjacent gallery.

Oh what a beautiful mourning

30 October 2002

The fastest growing area of the jewellery market, mourning apparel has become “hot property in the past 12 months”, says Jethro Marles of Bearne’s. Pointedly excepting the sort of heavy black jewellery produced in large quantities during the post-Albert period, he says that the material that has doubled in value over the past year is the earlier, more delicate mourning jewellery of the sort shown right.

Extensive buying base may store up trouble

30 October 2002

The COINEX week of sales was kicked off by Dix Noonan Webb with a 1928-lot sale on a long October 8. This marathon took ten hours to disperse, making a total of £483,639; this, exults Chris Webb, was their best ever sale.

Horse head with everything in its favour sees bidding gallop ahead

30 October 2002

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.

Bligh relics acquired by National Maritime Museum, but it is not all plain sailing and there were other…

30 October 2002

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”.

News

Categories