The auction process is a key part of the secondary art and antiques market.

Firms of auctioneers usually specialise in a number of fields such as jewellery, ceramics, paintings, Asian art or coins but many also hold general sales where the goods available are not defined by a particular genre and are usually lower in value.

Auctioneers often provide other services such as probate and insurance valuations.

Deadline for offers on Summers Place is July 26

17 July 2002

UK: KNIGHT Frank, who are overseeing negotiations for the sale of Sotheby’s Billingshurt rooms, have set a deadline for interested parties of July 26.

English bias brings very mixed results

17 July 2002

Although billed as English and Continental furniture, and Works of Art Bonhams’ (17.5/10 % buyer’s premium) sale on June 11 was very much slated towards the home market, with English fare accounting for around 100 of the 153 lots.


Rubens masterpiece joins the world record holders at £45m

17 July 2002

History was made at Sotheby’s July 10 Old Master Paintings sale when Sir Peter Paul Rubens’ long-lost masterpiece, The Massacre of the Innocents, sold in the room to the Mayfair-based book dealer Sam Fogg for £45m, the highest auction price ever achieved for a work of art in the UK.

Chippendale connection brings £16,000 bid

17 July 2002

WHILE trade buying was a feature of their capital’s main June important furniture sale, it was less evident earlier in the month at Sotheby’s (19.5/10% buyer’s premium), Bond Street, Croft Castle auction on June 6, that offered buyers a more middle range selection of English brown furniture from the Herefordshire estate of the late Lord Croft.

A peach at £78,000

17 July 2002

The oriental inspiration of this 51/2in (13cm) high Meissen teapot of c.1728 extends not only to its finely painted figural decoration by J G Horoldt but also to its peach-shaped form. At £78,000 it made the highest price in a single-owner collection of Meissen porcelain held at Christie’s on July 8.

£12,500 Nelson outranks artist

17 July 2002

In the portrait miniature market the sitter is considered less important than the painter – but sometimes even a famous artist like Henry Bone, enamellist to the Prince Regent and the author of this miniature, right, can be superseded by their subject.

Italy’s top auction houses to merge

12 July 2002

ITALY: VENICE-based auction house Semenzato is to be merged into Finarte of Milan in early August with a view to taking on Sotheby’s and Christie’s head on in Italy.

Gems for Lyon & Turnbull

12 July 2002

UK: Edinburgh auctioneers Lyon and Turnbull are expanding their business with the creation of three new jobs, two of them in silver and jewellery.“We are bucking the trend by continuing with our expansion plans as other auction rooms in Scotland reduce their workforce and close offices,” said vice-chairman Paul Roberts.

18th century blue ground imperial vase

12 July 2002

This vase may have come from relatively humble surroundings but the London trade had no doubt that it was fit for a king. The 18th century blue ground imperial vase, 133/4in (35cm) high, was offered at Bearne’s, Exeter on July 2.

Tilt-head is tennis tops

12 July 2002

The World Cup may have come to a disappointing close for English fans, but sporting enthusiasts can now look forward to a summer of Wimbledon and cricket Test matches.

Coming up in ..... Leeds

12 July 2002

Following the last minute cancellation of Bonhams’ July 8-9 sale on the premises at Moynes Park in Essex, the nearest thing to a traditional English house sale this summer is likely to be the contents of Branton Court House in Yorkshire which Bonhams are offering in three parts at their Hepper House saleroom in Leeds on July 16, July 23 and August 6.

Auction Group acquire Honiton salerooms

12 July 2002

UK: The Fine Art Auction Group have added to their network of regional salerooms with the acquisition of Taylor’s of Honiton in Devon.

Duggleby buys Whitby rooms

12 July 2002

UK: Scarborough auctioneer David Duggleby has taken over Bairstow Eves’ Whitby salerooms, effectively doubling the size of his operations in North Yorkshire.

Bonhams work hard to create a good Impression at their first attempt

12 July 2002

Stockmarket jitters may not have had any noticeable impact on the upper ranges of the Impressionist and Modern market but further down the scale things were looking less rosy. At Bonhams (19.5/10% buyer’s premium) on June 24 the 95-lot sale took £446,020 with a 52 per cent take-up by lot.

Reading between the cracks

12 July 2002

Every picture tells a story, but in the case of Théodore Chassériau’s large portrait of Comtesse de Latour-Maubourg, it was condition as much as content that revealed the artist’s state of mind at the time.

Beatlemania sustained by American interest

12 July 2002

Ever since Sotheby’s first Rock sale in 1981, Beatle material has been on a roll. Beatle memorabilia is the undisputed market leader in this field and this autographed copy of Sgt Pepper’s Lonely Hearts Club Band album sleeve, 1967, received top billing at Sotheby’s Olympia (17.5/10% buyer’s premium) 337-lot Rock/Fashion sale on June 14. This privately consigned entry was taken to £34,000 against a £6000-8000 estimate, by a private US buyer on the telephone.

A routine valuation unearths star bookcase

12 July 2002

THE success of the Regency mahogany bookcase, right, contributed a large chunk of the £86,000 hammer total taken at Hall’s (15% buyer’s premium) of Chester on May 31.

Coming up in ..... London

12 July 2002

Sotheby’s announcement of the discovery of a cache of Nelson memorabilia that has been hidden away for almost 200 years has generated huge media interest.

Collage at the college

12 July 2002

Searching for the perfect piece of passementerie or some furnishing fabric to add the finishing touch to an interior? It’s worth checking out Sotheby’s two-day sale from H.W. Keil Antiques which takes place in Cheltenham next week on July 15 and 16.

Quality gets the stamp of approval

12 July 2002

Size was certainly a feature of Christie’s South Kensington (17.5/10% buyer’s premium) mammoth gathering of furniture and works of art held on June 12, but so was variety.