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Art and antiques news from 2007

In 2007 Christie's and Sotheby's raised their buyer's premium to the once unthinkable level of 25% for lots under £10,000.

In May contemporary art sales totalled $868 million in New York and in June £220 million in London, three times the previous year's total.

After renewed pressure from LAPADA the Department of Transport finally approved an official road sign promoting antiques as a local attraction.

Sotheby’s oppose outlawing the chandelier bid in New York

06 August 2007

Sotheby’s are strongly opposing proposed legislation in New York that aims to outlaw the ‘chandelier’ bid.

Antiquities fraudster confesses guilt

06 August 2007

A MAN has pleaded guilty to defrauding dealers, auction houses, museums, and art galleries over a 17-year period.

Cotswolds dealers among victims of July floods

06 August 2007

Majority of auctioneers and dealers breath sigh of relief, but other were not so fortunate.

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Henley sale survives deluge

06 August 2007

At any other sale the circumstances could have proved disastrous, but when the boat tent in the stewards’ enclosure in Henley-on-Thames flooded during The Henley Sale at Bonhams on July 21, things went swimmingly.

Christie’s premium hits 25%

27 July 2007

Third threshold won’t hurt South Kensington says director

London draws close to New York in total sales

23 July 2007

LONDON has gained ground in the global art market during 2007 with over $2.35bn in sales at Christie’s and Sotheby’s for the first six months of the year. In their US rooms the two leading auctioneers took $2.6bn over the same period.

Flood lastest: salerooms escape rising water

23 July 2007

DESPITE the odd flooded cellar and car park, ATG are not aware of a single UK auctioneer in affected areas who will not be going ahead with their sales in the coming week.

Artists’ Collecting Society complete first year of resale payouts

23 July 2007

THE Artists’ Collecting Society have completed their first year of collecting and paying out the Artists’ Resale Right. They have now been given the mandate to collect the resale right by 200 artists, including well known names like Lucien Freud and Anthony Caro.

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Aphrodite to return to Red House

23 July 2007

Soon after marrying his young wife Jane, William Morris commissioned his friend Philip Webb to build them a house. The end result, completed in 1859, was Red House, named after its steep red-tiled roof.

Manuscript saved

23 July 2007

HERITAGE grants have helped the British Museum acquire the 15th century illuminated manuscript known as the Wardington Hours.

Laney bows out

23 July 2007

After more than 50 years in the business, Worcestershire auctioneer Philip Laney is to close his firm and take up a consultancy post with chartered surveyors and land agents Doorbars.

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Is Leicestershire sleeper lost Titian?

23 July 2007

This summer has seen a spate of sleepers awoken in provincial salerooms, but inevitably the one that grabbed the headlines in the national press was the tale of the rediscovered ‘Titian’.

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Phillips de Pury and Saatchi Gallery form partnership

23 July 2007

PHILLIPS de Pury look to have taken another step to increase their influence as a major player in London’s contemporary art market by forming a new partnership with The Saatchi Gallery.

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Mark and period moon flasks – £760,000

23 July 2007

High drama at the Chichester auction rooms of Henry Adams on July 19 when this pair of Chinese famille rose moon flasks shot to £760,000. The price, a house record, is also the fourth highest ever achieved in a UK auction room outside of London.

Truro trust rue £36,000 clear-out

19 July 2007

IT must be every trustee’s nightmare. You dispose of vanloads of unwanted books for what you think is a realistic £36,000, but then over a period of less than a year you see the pick of them then raise around £500,000 at auction.

East London relocation

17 July 2007

TRACEY Emin, who recently launched a scathing attack on Tower Hamlets Council after it granted a licence for a controversial three-month “city beach bar” in a car park yards from her Spitalfields home, is a regular visitor to Spitalfields Antiques Market, most recently looking for a tiara to wear to charity balls.

Reading’s SAS will continue CSK toy sales

16 July 2007

Christie’s confirm new sale categories

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Internet bidding moves into the big league

16 July 2007

Thought that internet bidding was for low value items only? The five-figure sums tendered online at two country sales last week suggest the received wisdom may need a rethink.

Online map launched to find the trade around the world

16 July 2007

Antique hunters and collectors now have a way to locate fairs, centres, dealers’ shops and private sellers around the UK using a new online Collectables Map that pinpoints different locations.

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Tacca’s Pasquino is a six-figure Dorchester sleeper

16 July 2007

When the Dorchester Fine Art saleroom Duke’s sold two rediscovered panels of Dominican saints by Fra Angelico for £1.7m, it was one of the best documented events outside the London rooms accompanied by months of pre-sale media coverage.