Fine Art

SIGNS of recovery at the top end of the art market were seen again as greater levels of international bidding emerged at the latest contemporary art auction series in London.

If 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.

SERIOUS 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.

MAJOR American museums played an active role as both buyers and sellers in the latest Old Master sales in New York.

THE 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.

POLICE 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.

THE London Jewish Museum of Art (the Ben Uri Gallery) have announced that they have purchased a crucifixion by Marc Chagall for what they believe to be a fraction of its real value at a Paris auction.

AN agreement over the disputed Blue Period Picasso painting The Absinthe Drinker may well lead to a clearer legal definition of what constitutes art sold under Nazi duress.

THIS outstanding Louise Rayner (1832-1924) watercolour, depicting the Butter Market at Ludlow, Shropshire, posted a new house record for Louis Taylor of Stoke-on-Trent at their latest sale.

The latest Old Master sales in London underlined the importance for auctioneers of securing the best works by major names.

As buyers took the chance the chance to swipe a glitzy stocking-filler in time for Christmas, the latest Russian sales in London showed that there is still plenty of money to be made in this sector, despite the downturn.

IT wasn't just the London auction rooms that benefitted from the Russian influx last week. On November 29, Wilkinson's of Doncaster offered this 19th century Russian silver and niello work box.

THE artist may not have a famous name or any track record in the saleroom, but arguably the most intriguing lot at Rogers Jones' latest Welsh Sale in Colwyn Bay was a collection of 50 striking Art Deco watercolours by Gladys Williamson (1914-2007).

THE latest series of contemporary art auctions in New York provided some further evidence of confidence returning at the top end of the market.

HAS the top end of the art market bounced back? This was the opinion ventured by some commentators after the flagship sales of Impressionist and Modern art in New York last week.

THE dealer/collector who bought what is now widely thought to be a previously unrecognised work by Leonardo Da Vinci has given ATG details of the events leading up to the revelation.

IF you’re looking for a painting that sums up the problems suffered by the contemporary art market over the last year, then this work by Peter Doig (b.1959) is a pretty good candidate.

THE original drawings that Edward Lear made for his 1846 A Book of Nonsense are now rare, and those that exist are for the most part held in institutional collections.

IS there still life in the Irish art market? The auction record for a piece of sculpture by an Irish artist was broken at Adam's 140-lot sale of Irish art on October 14.

ATG correspondent SIMON HEWITT gains exclusive access to the evidence used to unveil what the world's leading scholars say is the first major Leonardo Da Vinci find for 100 years.