International
About 80% of the global art market by value takes place outside the UK. The largest art market in the world is the US with China in third place (after the UK) followed by France, Germany and Switzerland.
Many more nations have a rich art and antiques heritage with active auction, dealer, fair, gallery and museum sectors even if their market size by value is smaller.
Read the top stories and latest art and antiques news from all these countries.
Summer time
20 August 2003FRANCE: ON July 4 Chayette-Cheval (17.94% buyer’s premium) devoted an entire sale to clocks, watches and related items, achieving a hammer total of €571,000 (£394,000).
No easy ride for dealers at the Dublin Horse Show
20 August 2003THE word from Ireland is that autumn could be hard work – judging by results at the antiques fair staged as part of the Royal Dublin Society Horse Show from August 6 to 10. The Horse Show is a prime event in the city’s social calendar and the idea of the antiques fair – organised in the past by veteran Irish promoter Louis O’ Sullivan but this year by the RDS itself – is to put the 25 exhibitors in a potentially profitable ambience.
Weaving towards Europe
20 August 2003NEW York’s Chinese Porcelain Company hold their autumn exhibition Recent Acquisitions, Fall 2003 from October 9 to 25 at their elegant galleries at 475 Park Avenue at 58th Street. Some highlights from the exhibition will be displayed on their stand at the International Art and Antique Dealers Show at Manhattan’s Seventh Regiment Armory from October 17 to 23.
Magnificent men hope their flying machines will take off as a sale theme
20 August 2003The Collection of Louis Vivien, a Paris bookseller who opened his shop in Rue des Ecoles in 1905, swiftly specialising in the aeronautical world after attending the inaugural Salon Aéronautique of 1908, provided Tajan (20.33% buyer’s premium) with yet another new sale theme – Aviation – on June 21.
Today, even Ireland has its struggles...
19 August 2003£36,000 private bid on cabinet shows underlying market strength: BRITISH auctioneers have long looked enviously across the Irish Sea where there still seems a wealth of high-quality furniture coming onto the market from private sources to be welcomed not merely by the trade but also by confident and well-heeled private bidders who have been the dominant force these past ten years and more.
Cows come home from Piccadilly to a £26,600 welcome in Australia
19 August 2003THE latest artistic preference among Australia’s wealthy middle classes appears to be large-scale canvases by John Kelly (b.1965). Born in Bristol, he became an Aussie in the year of his birth when his parents emigrated to Melbourne and throughout his artistic working life, he has immersed himself in Australian iconography but he is particularly celebrated for his paintings of cows.
Supply fears as strong mainland Chinese buying leaves its mark
12 August 2003HONG KONG ASIAN SALES : When SARS broke out in Asia earlier this year, Sotheby’s decided to hold their Asian auction series in Hong Kong as planned in April, but Christie’s postponed their Hong Kong sales until early July. Sotheby’s may not have registered the same levels of Western interest in their two fine Chinese sales on April 27 (the combined 281 lots totalled a premium-inclusive HK$106,481,440), but like Christie’s, they reported increased mainland Chinese buying.
Vases head for Versailles…
12 August 2003A successful sale isn’t always an instant transaction and one of the more notable features of exhibiting at a fair is follow-on business. This can often take some time to materialise but is nonetheless satisfying, especially when it produces a particularly pleasing conclusion, as was the case with this pair of 18th century Sèvres vases à compartiments, pictured right, which London dealer Robert Compton-Jones of the Woollahra Trading Co. took to the Paris Biennale last September.
A lick of paint adds a zero to the price…
12 August 2003Anyone who has studied the Americana market in any detail will know how important surfaces have become to its many folk art aficionados. Original paint is not just a bonus – it can often be the difference between $1000 and $10,000. And it can happen here, too.
Paris: Pavillon move to challenge Salon is ‘damaging’
12 August 2003THERE will be plenty of antiques activity in central Paris this autumn, centred on two major fairs each with their quota of high- profile international dealers. A feast for fairgoers, but also behind the scenes a feast for those with a taste for intrigue since, as is so often the case with the Paris trade, there is plenty of politics involved. My Paris-based colleague Simon Hewitt takes a peek behind the arras and reports:
Italian style around the home
12 August 2003ITALY: MORE than 440 lots of silver and Russian works of art were offered at Christie’s (24-18.5% buyer’s premium, excluding VAT) sale in Rome on June 12, of which slightly less than half sold.
Museum sues as $23,000 vase makes $1.55m
28 July 2003A Massachusetts auction house is being sued for breach of contract and malpractice after a Chinese vase it sold for $23,000 returned to auction six months later at Christie’s Hong Kong where it brought $1.55m.
Alcalà question export policy as sale tops season
24 July 2003SPAIN: The spring and early summer auctions in Madrid were notable for one outstanding sale held at Alcalá Subastas, which generated not only a very large total but also some controversy. Alcalá Subastas (15% buyer’s premium) counts on the considerable expertise of Richard de Willermin as their paintings expert.
Antiques are on the up and up Down Under
24 July 2003FROM August 27 to 31 The Australian Antique Dealers Association hold their third annual AADA Antiques and Fine Art Fair at what the association’s president Charles Aronson assures me is Sydney’s hottest venue, Wharf 8 of the city’s Darling Harbour Passenger Terminal.
With you, Sir!
24 July 2003Coming up in new York: A large complement of classic American posters by James Montgomery Flagg are featured among the WWI and WWII images in Swann Galleries’ annual summer sale of Vintage Posters in the Big Apple on August 6.
Ruhlmann sale survives some inconstancy in the bedroom...
24 July 2003Following the Camard auction, the most important 20th Century Decorative Arts sale of the Paris summer season, was that staged by ArtCurial (20.33/17.94/11.96% buyer’s premium) at the Hôtel Dassault on July 2.
Subastas Segre sale
24 July 2003Subastas Segre (16% buyer’s premium) held their monthly sale from May 20 to 22. In the picture catalogue, top price was the double-estimate €30,000 (£22,060) for a complete set of Goya’s Caprichos, catalogued as First Edition but not in ideal condition. A 3ft 3in (1m) square abstract oil on canvas of 1982 by Fernando Zobel (1942-1984), whose work is highly regarded in Spain, made €23,700 (£17,425).
Foreign buyers take prizes as pre-Renaissance paintings suffer in swing to high unsold rates
24 July 2003ON June 17, Finarte-Semenzato held a further sale of furniture and Old Master paintings in Milan, offering almost 540 lots of which less than half sold.
Hindman returns with Chicago auction house
21 July 2003With a five-year non-compete clause behind her, Leslie Hindman has returned to the auction world with a new 12,000-square-foot auction room in Chicago’s West Loop.
Silver dealer pleads guilty in tax evasion case
21 July 2003S.J. Shrubsole, the well-known silver dealership of New York, have pleaded guilty to failing to collect around $75,000 in city and state sales taxes on over $900,000 worth of goods. The gallery also pleaded guilty to falsifying tax returns filed with the New York State Department of Taxation and Finance. They have now paid $150,000 in fines relating to the plea.
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