Sotheby's

WORKS by some of biggest names in the Modern and Contemporary art market drew serious levels of international competition in London last week.

SOTHEBY'S have announced that they are to make Paris their European centre for sales of 20th century decorative art and design and photographs.

THROUGHOUT this month, Sotheby’s New York are devoting an entire floor of their York Avenue headquarters to what they call “the largest and most comprehensive collection of magnificent quality European and American toys and trains ever assembled”.

DEMAND for fine wines showed no sign of abating at the latest round of auctions in Hong Kong.

AUCTION turnover figures for Paris in 2010 show the city’s three major firms – Christie’s, Sotheby’s and Artcurial – gaining market share at the expense of crisis-ridden Drouot.

AFTER just one year at the helm of Sotheby’s Australia, Tim Goodman has retired as chairman and principal shareholder.

Just days after Sotheby’s announced the sale of a 16th century ivory mask and five other works from the Kingdom of Benin, the auctioneers said they have been withdrawn.

MELANIE Clore has been appointed chairman of Sotheby’s Europe. She will share the role with Henry Wyndham, helping departments and offices across Europe to secure business and further develop Sotheby’s profile.

IN London on February 17, Sotheby's will sell a rediscovered 16th century Benin ivory mask – and five other rare works from the Kingdom of Benin in Nigeria – consigned by the family of a key participant in the controversial Punitive Expedition. The mask alone is estimated at £3.5m-4.5m.

SETTING a new auction high for English furniture, this commode of c.1770 was knocked down for £3.35m earlier this month.

LIMITED interest on the two star lots meant the best contests at this month’s Old Master series in London came for more attractively pitched works by less familiar names.

AT Sotheby's sale in New Bond Street on December 7, a copy of John James Audubon's Birds of America set a new auction record for any printed book when it sold to the London art dealer Michael Tollemache for £6.5m (plus premium).

SOTHEBY’S set a new auction record for a jewel in Geneva when a 24.78-carat fancy intense pink diamond sold to London jeweller Laurence Graff at SFr40.5m (£25.6m) plus premium.

IT measures over 11ft (3.4m) wide and stands 11ft 6in (3.5m) high, was built in Melbourne and is carved over the entire surface with figure and details emblematic of the foundation and history of the state of Victoria.

INCREASING revenues at Sotheby’s have given a further indication of the recovering art market. The company’s latest set of results shows a major turnaround for the first nine months of 2010, going from a loss of around $80m for the equivalent period in 2009 to a profit of $64.7m.

ALONGSIDE the $65.5m (£42.8m) Modigliani (see story here), the price of the week in New York was the phenomenal $32m (£20.9m) seen for The Finding of Moses by Sir Lawrence Alma-Tadema.

RECORD prices for three European artists helped lift the latest round of Impressionist and Modern art sales in New York. With the market much more selective since the downturn two years ago and most of the competition focusing on the biggest trophy lots, the new saleroom highs for Henri Matisse, Juan Gris and Amedeo Modigliani provided further evidence of recovery at the top end.

AT £5.26m hammer, Sotheby’s three-day dispersal from the attics, stables and stores of the Derbyshire seat of the Dukes of Devonshire, was the ultimate in a ‘dusting down’ sale.

THE world auction record for a Chinese ceramic of work of art toppled during Sotheby's latest week-long Asian sales series of classical, modern and contemporary Chinese art, watches, wine and jewellery in Hong Kong.

SUCH was the media coverage, and the worldwide interest, within the first three hours Sotheby's sale of the contents from the attics at Chatsworth had outstripped their modest £2.5m estimate for the entire three days.