Auctioneers

SOTHEBY’S have announced that they have given up trying to find a buyer for the controlling stake of disgraced former chairman A. Alfred Taubman.

PRIVATE pictures with reasonable estimates proved a recipe for success at Bonhams (17.5/10% buyer’s premium) on February 3 where 75 of the 101 lots found buyers at the £823,130 sale.

IF THERE is one objet d’art that best characterises the antiques market at present it is the curate’s egg – good in parts, but bad overall. The flawed ovum’s brighter regions encompass most low-value collectables – ceramics included.

FOLLOWING the tragic death of John Ball in an accident last year, the future of his auction firm Heathcote Ball has been secured in a deal with Tennants.

SOTHEBY’S have started a new staff review and admit that further redundancies are likely.

TIME waits for no man, the saying goes, and clients of Abraham-Louis Bréguet were certainly reminded of this fact when paying their monthly instalments to the Swiss-born watchmaker for Souscription pocket watches like this example right which featured at Woolley & Wallis’s sale on January 29.

To date this year Bonhams (17.5/10% buyer’s premium) have held five sales of furniture and carpets. These weekly sales are making a return to their Knightsbridge rooms for the first time in around 20 years after a recent peripatetic period of moving from Chelsea – their long time abode – to Bayswater and briefly back to Chelsea again.

BESWICK is one of the strongest areas of the 20th century collectable ceramics market so it was not surprising to see trade and private collectors packing these Leicestershire rooms at Gildings to bid on a large single-owner collection from a local deceased estate. What was surprising were the lengths to which bidders would go.

The first furniture sale of the year at Sotheby’s Olympia (20/12% buyer’s premium) was a 272-lot gathering on January 14 which saw two-thirds of the contents change hands.

The Bank of England Museum was the host and Spink were the auctioneers on Friday, January 24 at one of the most unusual sales seen in London. It was a sale of special number Bank of England notes sold to bolster the funds of the Commonwealth Education Fund.

Sotheby’s have dramatically scaled back their ambitious but costly Internet operation, announcing an end to all separate online auctions by early May.

It was a definite case of first the bad news, then the good news at the February round of Impressionist, Modern and Contemporary sales in London. While Impressionist and Modern works failed to sparkle, there was a significant surge in interest for the Contemporary.

CHRISTIE’S have negotiated the sale of a major collection of watercolours of Greece by Edward Lear to the nation in lieu of tax. The 32 pictures come from the estate of the late Sir Steven Runciman and are expected to go the National Galleries of Scotland.

It’s QUESTIONABLE how much influence a piece of furniture could have upon the writer using it, but certainly when the writer in question is Graham Greene, a writer of that fame can certainly influence the fate of a piece of furniture.

Twenty one lots in Bonhams’ marine sale on January 22 came from the collection of the late John Foster, celebrated yachtsman and yachting enthusiast. The bulk of these were paintings but there were also three non-pictorial entries: a pair of carved wooden Prince of Wales feathers from Edward VII’s yacht Osborne, which fetched £1100, and the two silver racing trophies pictured here, which represented significant mementoes of racing history from both sides of the Atlantic.

AS Christie’s and Bonhams followed Sotheby’s in announcing new commission structures last week, Bonhams emerged with the most attractive terms for buyers and added a new incentive for sellers at their Bond Street rooms.

Luxury goods magnate Bernard Arnault finally abandoned his attempt to compete with Christie’s and Sotheby’s at the top end of the art market last week when he sold his remaining 27.5 per cent stake in troubled auction house Phillips to its joint chief executives Simon de Pury and Daniella Luxembourg.

Gino Severini’s Les objets deviennent peinture (vase bleu et maïs) was one of the most significant lots in Christie’s 310-lot auction of Contemporary art in Rome on December 18. Dating from 1965, this picture was the last oil still life he was to paint and, indeed, one of the last works to be finished before his death.

There was little in the three series of 19th century sales held by Sotheby’s, Christie’s and Finarte-Semenzato in December to get excited about.

JUST as Phillips announce their cutbacks, Bonhams have unveiled annual sales for 2002 of $304m. This announcement completes Bonhams’ first full year of trading after the November 2001 merger in which they combined with the UK interests of Phillips Son and Neale.