News

Even without the worldwide crises of the last two months, the market for Islamic works of art has always been volatile, subject to price polarisation and a degree of selectiveness.

Two rather different toy sales went under the hammer early last month. October 4 saw Christie’s South Kensington (17.5/10% buyer’s premium) put some 465 lots predominantly devoted to dolls under the hammer while six days later Bonhams & Brooks (15/10% buyer’s premium) offered an even bigger, more general 630-lot mix of playthings ranging from Dinkys and lead figures to dolls, soft toys and tinplate.

FRANCE: After a long and frustrating delay, Sotheby’s and Christie’s finally got the official go-ahead late last week to conduct auctions in France. They were among the first four auction houses to receive a licence from the French Conseil des Ventes on October 25 and both houses swiftly announced details of their inaugural sales to be held later this year.

USA: STELLA Management have been forced to cancel New York’s Triple Pier Antiques Show despite moving the venue.

PICTURED right is just one of a number of rare and important artefacts whose sale to the nation has just been negotiated by Christie’s.The 14th century Norwegian carved ivory crozier head, which has been sold in lieu of inheritance tax and will go to the V&A, is an extremely rare example of late medieval Scandinavian carved ivory.

Uncertain of just how widespread a reaction they would receive on the lot, Walker Barnett & Hill of Shropshire estimated this rare pair of 19th Century Japanese Carved Wood & Ivory Figures of two young boys, one with a hobby horse, the other playing a flute, measuring 10in (25cm) high, conservatively at £500-700.

Two of the biggest art insurance companies have warned the trade to expect a 20 per cent rise in the cost of renewing policies following the terrorist attacks in America, and the Afghanistan war.