Phillips

THE mighty Phillips auction house may no longer be around, but former employees are still thriving. Now some of them have decided that they would like to catch up with ex-colleagues and have formed Phillips Reunited to do just that.

LOUISE MacBain, chief executive and leading financial backer of Phillips de Pury & Luxembourg, has stepped down from her post with the company.

PHILLIPS, de Pury & Luxembourg have raised and restructured their buyer’s premiums.

Since the expected round of redundancies were announced at Bonhams in February as a result of the merger with Phillips, several senior staff have voluntarily left the company, some, if not all of whom are expected to be replaced.

PHILLIPS, de Pury & Luxembourg have closed their French and Continental Furniture department with the departure of its head, Thierry Millerand.

SOTHEBY’s lost one of their senior directors and serious innovators at the beginning of this month when Philippe Garner joined Phillips, de Pury & Luxembourg with the position of Worldwide Director of Photographs and 20th and 21st Century Design.

Phillips have released details of a bumper sale of Contemporary art to be held in New York on May 13. The announcement came as art trade rumours persist about the reasons for the auction house postponing their May 6 sale of Impressionist and Modern art until June at the earliest.

Is there a future for Phillips de Pury & Luxembourg (15/10% buyer’s premium) now that Bernard Arnault and the financial might of the LVMH group have distanced themselves from the company and the enormous guarantees it was paying to secure high-value consignments?

With less than a month until the crunch series of Impressionist and Modern Art sales in New York, it is still not clear whether Phillips will be joining Sotheby’s and Christie’s at sales which netted the company $124m last year.

Phillips-Selkirk, the St Louis, Missouri auction house owned by Phillips de Pury Luxembourg, has a new name and a new owner.

French billionaire quits battle over auction market: Backed by a dotcom businesswoman and an investment bank, two auctioneers last week bought the majority stake in Phillips de Pury Luxembourg from luxury goods group LVMH.

Whitbread archives provide Knowle with a trophy consignment: The Midlands branch of the Bonhams empire, the former Phillips salerooms at Knowle, has not previously been known for regular breweriana sales but their reputation for selling collectables saw them win a 356-lot consignment from the Whitbread archives.

Like tea caddies in furniture sales, teapots have their own following in ceramics sales like the one at Phillips Leeds, where the 51/2in (14cm) Minton majolica Japanese Actor model, above right, date-coded 1874, made a within-estimate £1100 which took into account some damage to finial and spout.

THE new football season brought fears in the sports pages that the game’s financial bubble was about to burst and auctioneers may have had worries too.

THIS 619-lot ceramic and clock sale at Phillips Chester did not boast such a high take-up as Phillips’ Bury St Edmunds auction but the 60 per cent that did manage to get away sold to the tune of £73,170.

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.

WHILE it was worrying that Phillips’ main Midlands saleroom could find only 100 furniture lots worthy of their main autumn sale, and that only five of those took more than £3000, such is the drought of quality goods in the provinces at the moment that the trade were determined to make the best of any opportunity.

THE acceptance that silver has long lost its shine does not mean that there is no active market, just that prices are lower. After this sale of 340 lots at Phillips’ Midlands operation on 19 September the familiar picture emerged of modern pieces struggling, standard material chugging along and items with appeal beyond the metal doing rather well.

The market continued to favour top-quality fresh-to-the-market works at the expense of lower-end entries at Phillips (15/10% buyer’s premium) antique and modern jewellery sale on October 10.

Like English haggis and Scotch rarebit, the idea of Welsh Whisky is somewhat dubious. A few years ago a Welsh bottling company began to market a product called Welsh Whisky, which won praise from American connoisseurs but was just Scotch whisky in disguise.The company subsequently ceased trading.