Auctioneers

“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.

A new world auction record for Sir Joshua Reynolds was achieved at Sotheby’s on November 29 when the oil on canvas Portrait of Omai sold for £9,400,500 (plus 20/15/10 per cent buyer’s premium).

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.

Former Sotheby’s chairman Alfred Taubman fell asleep during board meetings and was more concerned with getting his lunch than running his company, a New York jury was told last week.

Basic buyer’s premium almost doubles: On the rainswept evening of November 29 in Paris, as the tricolor fluttered proudly over the Elysée Palace and Christmas lights twinkled on the Champs-Elysées, history was made as Sotheby’s became the first foreign auctioneers ever to sell in France – exploding a monopoly dating back to 1556.

The secret memorandum that Nelson sent to all of his captains on the eve of the Battle of Trafalgar, outlining his plan to divide the fleet into three squadrons and thus be able to direct at least 24 ships against any part of the enemy’s line, has become one of the more celebrated documents in the history of naval warfare.

Manchester City Art Gallery, the underbidder at auction for the lantern which was the original model for Holman Hunt’s The Light of the World, have secured the piece after all. The gallery underbid the lantern, pictured right, when it was sold to a private collector for £46,000 (plus 15% buyer’s premium) on November 1 at Bonhams Knightsbridge.

AUCTIONEERS Sotheby’s (20/15/10% buyer’s premium) combined with New York dealers Stacks to auction the Dallas Bank collection of United States coins on October 29-30.

As fresh, quality private consignments become ever scarcer, the competition for such works must make it difficult for auctioneers nationwide to put sales together. Although Bonhams’ (15/10 buyer’s premium) 400-lot Fine Asian Art sale on November 12 had fewer top quality works to tempt buyers than at Sotheby’s and Christie’s, the modestly estimated and fresh-to-the-market tea dust-glazed moonflask, Qianlong seal mark and period, saw buyers jostling for ownership.

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.

Nothing is more certain to draw buyers in their droves than modestly estimated works from private collections. A single textile entry and two conservatively estimated porcelain collections did just that at Sotheby’s Olympia (17.5/10% buyer’s premium) inaugural Chinese Works of Art on November 16.

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.

One of the advantages of being an auction house with offices and salerooms spread around the country is that items with regional associations can be sold in the areas with the relevant local interest. This is precisely what happened on November 8 when the signed Louise Rayner (1832-1924) watercolour that had originally been consigned to Phillips Bath came up for sale 120 miles and one corporate take-over away at Bonhams Chester (15/10% buyer’s premium).

Somerset auctioneers Lawrence Fine Art will close their Taunton salerooms on December 21 and stop holding monthly sales at Crewkerne.

This 17th century wrought iron Armada chest had stood unopened in the attic of an English country house for 180 years until it was finally unsealed earlier this year and found to contain a mass of papers relating to Dr William Harvey and his brother Eliab which had been deposited there by his descendants in 1821.

Counsel highlights undisputed lies: The most dramatic episode yet in the trial of Alfred Taubman was played out in a New York court last week. The former boss of Sotheby’s was accused by his one-time protegé, Diana ‘Dede Brooks’, of forcing her into a criminal conspiracy with arch rival Christie’s. He denies any wrongdoing.

The Frederick B. Adams Jnr. library of English & American Literature was sold by Sotheby’s on November 6 and 7. The second day was devoted entirely to Adams’ magnificent Thomas Hardy collection, but among the highlights of the general sale was an inscribed presentation copy of the 1923, first English edition of T.S. Eliot’s The Waste Land, illustrated right, that sold at a higher than expected £80,000 to Peter Harrington.

Robert Somervell’s A Protest against the Extension of Railways in the Lake District, published in Windermere in 1876, contains “articles thereon reprinted from the Saturday Review etc.”, and a nine page preface by one of those who objected to the intrusion of the railways into the Lake District – John Ruskin.

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.