News

UK: “THAT is a heck of a lot of beverage, even for me,” said one dealer looking over the 64 lots of tea and coffee pots, some shown here, at Phillips (15/10 per cent buyer’s premium) sale in Bury St. Edmunds on December 6-7.

FINE wine is one of those areas of the auction market which is bound to catch a cold if the world economy sneezes into recession or slowdown over the coming months. Higher than usual unsold rates at recent auctions in London and New York would suggest that buyers are already taking a more selective view of the wine market.

Sotheby’s Holdings have confirmed that eight per cent of their staff worldwide – around 165 employees – are to lose their jobs as part of a cost-cutting and restructuring programme.

HOPES of clarifying ownership rights over items sold at auction on the Internet have suffered a setback with the settling out of court of a potentially precedent-setting case.

YAHOO have decided to ban sales of Nazi memorabilia and other items promoting racism from their Website from January 10.

UK: THE Export Review Committee, which assesses whether outstanding works of art should be allowed to leave the country, has helped six such pieces stay in Britain in the past year.

UK: IF you stood fuming on the cocktail party sidelines over the festive season as your wife/husband got on famously with a lecherous member of the opposite sex, then something like this oversized (18in) metal syringe and vial which appeared at Christie's South Kensington on December 12, would have come in rather useful.