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Latest art and antiques news from Antiques Trade Gazette. Browse by topics such as art finance, auctions, insurance and recruitment.
Sweeping reforms at the Drouot after police crackdown
11 February 2010Faced with the biggest crisis in its history, the Hôtel Drouot, the central Paris auction venue, has announced sweeping changes to how it is run.
$5.2m bid smashes previous record for American silver
11 February 2010John Ward, head of Sotheby’s New York silver department, said it was the piece of American silver that had it all: “Large size, great condition, beautiful design by an idiosyncratic maker, fresh provenance, and a great story.”
Dealers stung by stolen chequebook
11 February 2010SEVERAL dealers at Sunbury Antiques Market at Kempton Park on Tuesday, January 26, were duped by a woman using a stolen chequebook.
Brett sale at Sworders as dealer revamps company
11 February 2010The Norwich dealer James Brett is to sell 300 pieces of his stock of English and Continental furniture and decorative items in a single-vendor sale at Sworders of Stansted Mountfitchet on March 9.
Slow-paying clients create cash-flow problems in downturn
11 February 2010A SURVEY of members by the British Antique Dealers Association has found that late payments as a result of the recession are causing a significant number of them cash-flow problems.
New coins auctions firm
11 February 2010INTERNATIONAL Coin Exchange, a new firm of Dublin-based auctioneers, will hold their first sale on February 19.
What makes the £58m walking man so special?
05 February 2010If the price paid for Alberto Giacometti's (1901-1966) sculpture L'Homme qui Marche I is anything to go by, then the art market is now striding out of recession. Selling for £58m (plus premium) at Sotheby's evening sale on February 3, it became the most expensive object ever sold at auction.
Bumper totals at Impressionist and Modern sales
05 February 2010SERIOUS levels of demand emerged for works at the very top end of the art market as this month’s flagship Impressionist and Modern art auction series raised a combined hammer total of £225.8m, massively up on the £108.8m for the equivalent series last year.
Museums active at Old Masters auctions in New York
01 February 2010MAJOR American museums played an active role as both buyers and sellers in the latest Old Master sales in New York.
Christie’s upbeat despite overall fall in 2009 sales
01 February 2010CHRISTIE’S have announced a 24 per cent year-on-year fall in sales for 2009 to £2.1bn.
Beckford’s waiters bring £36,000
01 February 2010A PAIR of silver-gilt waiters made by William Burwash for William Beckford, “the wealthiest commoner in England” who built the lavish Gothic Revival Fonthill Abbey in Wiltshire, sold for £36,000 at auction last week.
Stalag Luft III’s original scriptwriters
01 February 2010A PENCIL and watercolour sketch showing men at work on a celebrated escape tunnel was a major attraction in a log or record compiled in 1943-45 by a Scottish P.O.W. sold by Lyon & Turnbull of Edinburgh for £3200 on January 13.
Man charged with cheque fraud
01 February 2010A MAN arrested in connection with passing fraudulent cheques to London dealers has appeared in court.
Furniture index falls another 7%
25 January 2010HOPES of a recovery in the value of antique furniture have been dealt a blow after the Antiques Collectors’ Club’s Annual Furniture Index (AFI) saw prices fall by seven per cent during 2009.
Nice little urners at £54,000
25 January 2010THE highlight of Dreweatts' January 13 furniture sale at Donnington Priory was a pair of monumental, late 19th century Italian, sculpted alabaster, twin-handled urns.
Police return glamorous swindler’s £500,000 loot
25 January 2010POLICE are in the process of returning £500,000 worth of antiques after a serial conwoman received a confiscation order earlier this month.
Seago centenary fest for London
25 January 2010THE work of Edward Seago (1910-1974) has always been popular. Even during his own lifetime, Colnaghi’s annual exhibitions of his paintings between 1946 and 1966 on Old Bond Street drew such fierce competition that buyers, some of whom had queued overnight, were restricted to one picture each.
Auction sales drop an average of 20% in Paris
25 January 2010IN a year dominated by Christie’s blockbuster 342m euros (£308m) sale of the Bergé/St-Laurent Collection, most Paris auctioneers reported a fall in sales averaging around 20 per cent. There were, however, signs of confidence returning to the market.
Rare bust stolen from church
25 January 2010POLICE in North Yorkshire are seeking information following the theft in early January of a 17th century statue from St Andrew's Church, Newton Kyme, Tadcaster.
Drouot takes tough stand over arrests
25 January 2010DROUOT President Georges Delettrez has announced “strong measures with immediate effect” after nine members of staff at the central Paris saleroom (eight warehousemen and one auctioneer) were charged with “criminal association and organised theft” in early December.
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