UK

Sotheby’s have responded to the threat of legal action over alleged price fixing at UK auctions, playing down the claims of legal firm Class Law.

Buying art as an investment has always been a perilous business. Back in the 1920s during the so-called Etching Boom speculating collectors were prepared to pay hundreds of pounds – ie more than the price of an average London house – for single prints by ultra- fashionable artists such as Muirhead Bone, David Young Cameron and James McBey.

Rise of Winifred Nicholson goes on apace with amazing bid of £100,000 for portrait of Ben: Over the last two or three years Winifred Nicholson (1893-1981), the first wife of Ben Nicholson, has become an increasingly significant figure in the Modern British market, culminating in the record £52,000 paid last July at Phillips for one of her trademark window still lives.

Anyone looking at this small 19th century still life painting, right, for the first time could be forgiven for rubbing their eyes with disbelief to hear that East Sussex auctioneers Gorringe’s (15% buyer’s premium) had allocated it an estimate of £20,000-30,000 at their January 29-31 sale in Lewes.

The most recent of the three annual Olympia fairs, the Spring Fine Art and Antiques Fair, which runs at the West London exhibition halls from February 26 to March 3, is a mix of traditional and modern very much with the decorator in mind.

Pictured right is one of Twelve Angels, 9ft 10in (3m) high towering chairs made of dried branches that look like sinuous dancers. They are the work of Polish designer Dorota Koziara and three of these are among the more striking furniture forms to be found in CDA 2002, the 6th annual exhibition of Contemporary Decorative Arts and Design that opens at Sotheby’s Bond Street Galleries on February 20 and runs until March 1.

THIS first sale of the new year at the Staffordshire rooms Richard Winterton attracted a number of new buyers who were all in the area for the LAPADA fair at the nearby Birmingham NEC.

The Wiltshire rooms Woolley & Wallis usually hold four specialist carpet sales a year but a fifth was squeezed in before the scheduled Valentine’s Day event, and with a 77 per cent rate and £77,000 total on the 284 lots on offer, the decision by specialists June Barrett and Ian Bennett was more than justified.

A privately sourced collection of jewellery boosted this first dispersal of the year in these Hampshire rooms at George Kidner on 9 January – “the bulk of the rest of the material was just good stock pieces”, said auctioneer Andrew Reeves.

UK: Thornhill Galleries are a 120-year-old British company that specialise in architectural antique interior design. They make panelled rooms on commission in antique pine and seasoned hardwood and carry a wide stock of period fireplaces and accessories, garden statuary and other architectural features.

London’s first costume and textile sale of the year took place at Christie’s South Kensington (17.5/10% buyer’s premium) at the end of January, the 318 lots netting just over £150,000 with an 87 per cent take-up by lottage, 89 in money.

The London art market received a major lift in the salerooms last week when Sotheby’s and Christie’s attracted remarkably strong levels of international demand for their February round of Impressionist, Modern and Contemporary auctions.

LAWYERS say that Sotheby’s and Christie’s can expect to face a £100m lawsuit over price-fixing at UK auctions within the next few weeks.

IN 1954 the painter and printmaker, Philip Reeves (born 1931), being interviewed for a post as a lecturer at the Glasgow School of Art, produced a letter of reference from the artist Robert Austin (1895-1973).

THE LAST 450 or so lots of a two-day general antiques sale on 6 December at Cheffins, Cambridge comprised books, many of them multiples.

The estimate of £25-35 placed on a second impression copy of Tolkien’s The Hobbit was a reflection of its condition – “deplorable” being the cataloguer’s chosen epithet. There was no jacket and 20-30 leaves had been torn loose, one of which had been further torn into four (now three) pieces.

Exhibitions outside London: Specialist print dealer Elizabeth Harvey-Lee (1 West Cottage, Middle Aston Road, North Aston, Oxon OX25 5QB. Tel: 01869 34 7164) has built up an impressive reputation for producing informative, well-illustrated stock catalogues.

AUCTIONEER Mark Bowman is hardly the first auctioneer to be taken aback by the price achieved by a piece of Oriental porcelain, and not just at provincial rooms like his operation at the Wotton Auction Rooms (10% buyer’s premium).

THE antiques trade was hard hit last year and the Surrey auctioneers Ewbanks are finding that the current uncertain economic climate is stopping private vendors from consigning their property to sale.

New men at the rostrum bow in with aristocratic vendors and trade buyers: Short of a fine sale of antiques, a charity auction on 18 January was probably the best way that Bonhams could celebrate their takeover of Phillips’ old rooms in the capital.