Art and antiques news from 2001

Just like the following week’s 20th Century Italian sales, Sotheby’s (20/15/10% buyer’s premium) October 18 inaugural theme sale exclusively devoted to Greek art notched up selling rates that belied the pessimism prevailing in so many other sectors of the market.

The war in Afghanistan is not good news for trade on the whole. American visits are down, insurance costs are up, consumers are staying at home, the market for rugs and carpets have taken a hammering since the airstrikes were launched, and that is just in London.

USA: As expected, US show organiser Sanford Smith has been forced to follow other New York fairs and cancel his two high-profile mid-November shows at the city’s two armory buildings.

Four of the six lots of antique silver from Her Majesty’s Treasury due to be sold by Bonhams & Brooks on October 30 were withdrawn from auction the day before the sale.

USA: Swann Galleries will hold their inaugural auction of Contemporary Art on the evening of Tuesday, November 13 at their 104 East 25th Street New York premises. The sale comprises about 170 examples of photo-based artworks, paintings, prints and drawings as well as mixed media pieces and multiples by late 20th century artists.

Early Qing imperial porcelain has long been the darling of the Hong Kong Chinese auctions so when a Qianlong (1736-95) mark and period dragon vase with a previously unpublished pattern came up at Sotheby’s (20/15/10% buyer’s premium), Hong Kong on October 29, sparks flew and an auction record was set for a piece of Qianlong porcelain.

The German-based Oetke Group are currently in negotiations to sell the Bond Street galleries of Colnaghi, one of the oldest names in the London art trade, to the London and Munich Old Master dealer Konrad Bernheimer.

Listed on eBay on October 15 with an opening bid of just $75, within seven days this gold plastic PEZ space gun dating from the late 1950s/early ’60s had attracted a final bid of $6262 (£4540). At today’s prices, that’s more than 22 times the cost of an ounce of real gold.

Christie’s are to make 23 staff redundant in Los Angeles, their second largest saleroom in America. The decision is part of an ongoing, worldwide cost-cutting programme undertaken by the company following the settlement of the $256m lawsuit over commissions and the downturn in the art market this year.

There were two horological offerings last month at Christie’s South Kensington (17.5/10% buyer’s premium). The auctioneers kicked off on October 3 with a mid-range clocks and barometer selection then followed it up on the 10th with a grander offering styled as Important Watches.

Britain’s third and fourth largest auction firms, Bonhams & Brooks and Phillips, finally merged on November 1 to create an enlarged company, called simply Bonhams.

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The show stopper at Christie’s Indian and Southeast auction on October 17 was this sublime grey schist Gandharan bodhisattva, 2/3rd century. The drapes of the robes falling about his body contrast with his powerfully carved bare chest, as he stands gazing ahead with a fixed stare.

THE last week of September saw Phillips host two offerings of toys, dolls, bears and collectables at their Edinburgh and Knowle regional salerooms. Both auctions had a healthy 75 per cent take-up with the larger 1129-lot Solihull auction totalling £116,691 against the £61,660 taken by the 345-lots offered at Edinburgh.

The comprehensive collection of French royal issues formed by Michel Bonhomme was dispersed in Paris at Christian Delorme et Vincent Fraysse (expert: Alain Weil) on October 9-10. The period covered was from Charles V (1364-80) until the fall of the French monarchy in 1792.

THE first sale by the Staffordshire-based auctioneers Wintertons to be held at Bakewell’s Agricultural Business Centre in neighbouring Derbyshire was a wide-ranging 639-lot event which attracted trade and private buyers from across the country and even some overseas interest in the telephone and on the book.

These days it is all too easy to assume that everything that passes through the London salerooms is a totally known quantity that can no longer hold any surprises for either the auctioneer or the trade. But, believe it or not, London sales can still contain significant sleepers, as was demonstrated twice in the space of five days at the main London houses’ secondary salerooms.

The most hotly contested property in Christie’s 335-lot Japanese and Korean sale on October 15 was a selection of Korean art from the Falk collection. Just over half of the reasonably estimated 55 Korean entries hailed from this New York collection, that attracted new American buyers as well as regular European privates and dealers.

FRANCE: There were some prestigious names among the 24 exhibitors at the first Salon International d’Art Asiatique, held at the Hôtel Dassault on the Champs-Elysées from October 5-8.

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