International

FRANCE’S auction reform has been definitively adopted by parliament after its final reading in the Senate on June 27.

Back in 1948 a Dublin auctioneer sold the contents of a local property belonging to one Dr Cremins, which included a number of antiques purchased in the early years of the 20th century.

Gavelnet.com, the San Francisco-based Internet auction specialists, have merged with Tangible Asset Galleries, Inc a California-based retailer, wholesaler and auctioneer of fine art who last year declared sales of over $20 million.

SOTHEBY’S Holdings have announced their nominees for the firm’s board of directors, with shareholders due to vote on them at the delayed Annual Meeting in New York on August 3.

FRANCE: FOLLOWING the recent agreement on a definitive text by a bicameral parliamentary commission, France’s auction reform was adopted by the Assemblée Nationale on May 23 and is slated for its final reading in the Senate on June 27.

UK: GAVELNET.COM, the San Francisco-based Internet auction specialists have denied claims that they are winding up their UK operation.

US: ONE OF the rarest chairs in the world has met with an unexpected fate at the Minneapolis Institute of Arts. A 17th century Chinese folding armchair, which had accomodated the highest dignitaries of the Imperial court, was unable to bear the weight of a weary museum visitor who had disregarded the ‘do not touch’ sign and sat down to rest his feet.

FRANCE: A Paris court has told one of the world’s leading Websites to prevent French Web-users from gaining access to auctions featuring Nazi memorabilia.

FRANCE: THE reform of France’s auction system now looks in sight following an agreement reached by a bicameral commission drawn from members of both the country’s parliamentary chambers.

US: A concerted push into the market by Phillips meant that there were three major players on the Impressionst and Modern auction scene in New York last week.

HONG KONG: Christie’s and Sotheby’s enjoyed a successful start to their Spring series of sales in Hong Kong last week, despite some local difficulties.

US & FRANCE: TWO works by Philippe de Champaigne have been withdrawn from the sale of the Karl Lagerfeld collection, in New York on May 23, and offered to the French State.

FRANCE: SEVENTEEN terracotta statuettes from Nigeria (Nok) and Niger (Bura), expected to bring prices between £250 and £5000, were withdrawn from sale at the Hôtel Drouot on April 21 after last-minute objections from Nigeria and Niger.

US: NEW York financier Saul Steinberg is to sell his collection of 61 Old Master paintings through the New York art dealer Richard Feigen. With obvious carrots dangled by the leading auction houses for such an important collection, conservatively valued at some $52m, this is a major fillip for the fine art trade.

GERMANY: New technology looks set to cause a leap forward in German retail practice.

UK & US: PHILLIPS’ traditional reputation as the permanent poor relation of Sotheby’s and Christie’s at the top end of the international art market could be turned on its head by a clutch of high value consignments soon to be offered in London and New York.

AUSTRIA: THE ENTRY of Jörg Haider's far-right Freedom Party into the Austrian government could have repercussions for the country's art market, warns Otto Hans Ressler, director of Austria's second-largest auction firm Wiener Kunst.

FRANCE: ARTEMIS, the holding company belonging to Christie’s owner François Pinault, have acquired the Paris auction group Piasa.

FRANCE: THE French auction law reform bill had its second reading in the Senate on February 23 and, according to National President Gérard Champin, “90 per cent of the text has now been approved”.

US: THE sudden resignations of Sotheby's chief executive Diana 'Dede' Brooks and chairman Alfred Taubman have come in the wake of the investigation into alleged commission fixing which has seen the company's stock plummet by 60 per cent since the start of this year.