International

INVESTORS and artists in Australia are in uproar at proposals to ban self-managed pensions from putting their money in art.

THE Art and Antique Dealers League of America are to launch a new antiques fair at the Park Avenue Armory on Manhattan’s Park Avenue from April 28 to May 2 next year.

IT may have been an exceptional piece that generated an equally exceptional level of presale interest but, even still, few people present at Christie's Paris for the sale of Amedeo Modigliai's (1884-1920) Tête were expecting it to become the most expensive work of art ever sold at auction in France.

THE troubled internet entrepreneur and art collector Halsey Minor, who in March was ordered to hand over $6.6m for unpaid items ‘bought’ at Sotheby’s, has won a parallel legal battle with Christie’s.

BEIJING auctioneers Poly established a new milestone for Chinese art on June 3 selling a 38ft (15m) long calligraphic hand scroll by a Song Dynasty master for RMB390m ($57.4m) plus 12 per cent buyer's premium.

WITH the retreat from Dunkirk so much in the news at the moment, Aguttes have a particularly topical offering in their June 18 sale of manuscripts, postcards and historical documents.

PRIMARY source material relating to the last days of Napoleon’s life has emerged at a charity valuation event in New Zealand and will be offered for sale on June 29. The consignment of more than 40 items includes a lock of Napoleon’s hair and a sketch of the former emperor on his deathbed drawn from life.

WHAT is thought to be a long-lost work by Caspar David Friedrich (1774-1840) is at the centre of a legal imbroglio after being offered for auction in France with an estimate of 80-100 euros.

FIVE modern paintings, thought to be worth a total of over £90m, were stolen during the night of May 19-20 from the City of Paris Modern Art Museum.

A SPECIAL addition to Christie’s mid-season Old Masters and 19th century art sale in New York on June 9 is what the auctioneers describe as “an exceptional selection of European paintings and sculpture” from the former Salander-O’Reilly Galleries in Manhattan.

SWISS-based animal philanthropist Jeanne Marchig is suing Christie's over the female portrait sold as '19th century German' at Christie's New York in 1998 for $19,500 but now called La Bella Principessa and claimed as a £100m work by Leonardo da Vinci.

IF major auctions in New York are anything to go by, then the amount of money being spent on blue-chip pieces of Modern and Contemporary art is now almost back to the level seen before the market crashed 18 months ago.

ATG’s parent company, ATG Media, has agreed to provide the technology for the first live internet bidding site in Germany.

THE return of free-spending at the very top end of the art market continued apace at last week’s Impressionist and Modern sales series in New York as boom-time levels of bidding were seen on the blockbuster lots. For the second time this year, a new record was set for any artwork ever sold at auction.

AN American collector who sued Sotheby’s, alleging they concealed a financial interest in, and inflated the price of, a painting that he bought for almost $10m, has lost his case.

EBAY users in the US are questioning the merits of the feedback system after a buyer from Florida who left negative comments for a seller has been hit by a $15,000 lawsuit for defamation.

WHAT a difference a year can make. At the start of 2009 vendors shaken by the economic climate were reticent to consign to the major houses’ Hong Kong sales. But, a series of strong international Chinese sales during the latter half of last year restored market confidence.

BONHAMS have secured a major art collection that puts them squarely at the centre of the Australian auctions scene once more.

ANTIQUITIES and other cultural property claimed by Italy as part of its heritage may soon be barred from entering the United States unless accompanied by Italian export permits. This could have a significant effect on the trade and transport of classical coins, for which the US is one of the largest markets.

THE Greek courts have agreed not to pursue dealer Malcolm Hay any further pending his appeal against his conviction for trading in stolen antiquities.