News

As fresh, quality private consignments become ever scarcer, the competition for such works must make it difficult for auctioneers nationwide to put sales together. Although Bonhams’ (15/10 buyer’s premium) 400-lot Fine Asian Art sale on November 12 had fewer top quality works to tempt buyers than at Sotheby’s and Christie’s, the modestly estimated and fresh-to-the-market tea dust-glazed moonflask, Qianlong seal mark and period, saw buyers jostling for ownership.

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Individual entries consigned to Sotheby’s and Christie’s Chinese sales were an encouraging reminder to any jaded dealer that if you look hard enough and long enough, sleepers are still to be found.

Nothing is more certain to draw buyers in their droves than modestly estimated works from private collections. A single textile entry and two conservatively estimated porcelain collections did just that at Sotheby’s Olympia (17.5/10% buyer’s premium) inaugural Chinese Works of Art on November 16.

Chinese sales at Christie’s South Kensington (17.5/10% buyer’s premium) can always be relied on to produce some good prices during Asia week. While the morning works of art session in their Chinese Ceramics and Works of Art sale, November 8, was quiet, business picked up in the afternoon for the ceramics section.

One of the advantages of being an auction house with offices and salerooms spread around the country is that items with regional associations can be sold in the areas with the relevant local interest. This is precisely what happened on November 8 when the signed Louise Rayner (1832-1924) watercolour that had originally been consigned to Phillips Bath came up for sale 120 miles and one corporate take-over away at Bonhams Chester (15/10% buyer’s premium).

Somerset auctioneers Lawrence Fine Art will close their Taunton salerooms on December 21 and stop holding monthly sales at Crewkerne.