News

EU: THE FATE of the UK’s flourishing Contemporary and Modern art trade hung in the balance last week after the Government had continued its steadfast opposition to the introduction of droit de suite by frustrating an attempt to push through the directive at the Internal Market Council meeting.

FRANCE: CHRISTIE’S will move into their new Paris headquarters at 9 Avenue Matignon at the centre of the art and antiques district of the 8th arrondissement on January 3.

FRANCE: THIS anonymous oil-on-paper portrait by Annibale or Agostino Carracci sold 'for around £60,000' at Virginie Pitchal’s Mirror of the Soul exhibition at her Left Bank gallery.

The international market for Impressionist and Modern art saw further consolidation last week in London when Sotheby’s and Christie’s Part I and Part II sales turned over a combined total of £86.3m, some 45 per cent up on the £47.8m achieved at the equivalent sales last year.

UK: THE Incorporated Society of Valuers and Auctioneers will be absorbed by the Royal Institution of Chartered Surveyors following an overwhelming vote in favour of the move by ISVA members.

UK: TWO-thirds of the items recommended for export licence deferrals by the Export Review Committee during 1998/9 ended up being sold abroad anyway, their annual report reveals.

UK: CHRISTIE’S have denied rumours that they plan to give notices to quit to their gallery leaseholders in Ryder and Bury Streets, St James’s, so that they can redevelop the premises.