Sotheby's

HONG KONG: Christie’s and Sotheby’s enjoyed a successful start to their Spring series of sales in Hong Kong last week, despite some local difficulties.

UK: This rare Märklin first series handpainted tinplate battleship, HMS Resolution, sold for $40,600 (£26,365) on April 12, having been offered online on sothebys.amazon.com (10 per cent buyer’s premium).

CHRISTIE'S and Sotheby's announced a substantial increase in turnover for 1999, each registering total sales in the world art market of $2.3 billion (£1.46bn).

UK: SOTHEBY'S are to sell a remarkably well-preserved and restored 18th century Spitalfields London town house and its contents, the home of the late Michael Gillingham, a well-known London art and antique dealer.

SOTHEBY’S will raise their buyer’s premium on April 1, one day after Christie’s are due to do the same.

US: THE sudden resignations of Sotheby's chief executive Diana 'Dede' Brooks and chairman Alfred Taubman have come in the wake of the investigation into alleged commission fixing which has seen the company's stock plummet by 60 per cent since the start of this year.

UK: EVERY so often a dealer will acquire an object of academic interest for relatively little money and put it into an auction to see how much it will make.

UK: A HIGHLY important painting by the early Italian master Cimabue (c.1240-1302) has been discovered by Sotheby's at Benacre Hall, near Lowestoft, Suffolk, home of the reclusive Sir John Gooch, 12th Bt., who died last year.

UK: The UK Office of Fair Trading and the European Union regulatory body for competition have begun their own investigations into alleged commission fixing by Sotheby's and Christie's.

FRANCE: THANKS in part to the Chateau de Groussay sale staged jointly with Sotheby's, Poulain-Le Fur moved ahead of Piasa in 1999 to rank second in Paris with sales of Fr285m (£27.5m).

US: SETTING a new world auction record for a decoy, this sleeping Canada Goose c.1917, by renowned carver Elmer Crowell of East Harwich, Massachusetts, was estimated at $400,000-500,000 by Sotheby's, New York in a joint sale with Guyette and Schmidt of Maine, but sold to Boston dealer Stephen B. O'Brien Jr in the room on behalf of a client at $620,000 (£375,760) plus premium on January 23.

SOTHEBY'S are counting on their brand value and guarantees of quality to help them sell high value art and antiques on the sothebys.com website which went online on January 11.

SOTHEBY'S are counting on being able to woo a whole new generation of young millionaires into buying art and antiques online at sothebys.com, their new Internet auction service. It launched last week with about half the 5000 lots drawn from Sotheby's vendors and half from 400 associate dealers.

UK: SHOWN here is a solitary ivory button, which found itself highlighting Sotheby's closing event of 1999.

THE Moor's Head Cup, a rare 17th century silver gilt sculptural marriage cup which topped Sotheby's sale of The Moritzburg Treasure from the Royal House of Saxony when it sold for £1.6m.

The international market for Impressionist and Modern art saw further consolidation last week in London when Sotheby’s and Christie’s Part I and Part II sales turned over a combined total of £86.3m, some 45 per cent up on the £47.8m achieved at the equivalent sales last year.

UK: THE Professional Football Association was the successful bidder for L.S. Lowry’s crowd scene Going to the Match at Sotheby’s London last Wednesday, setting the record for the highest auction price for a Modern British painting at £1.75m

UK: AN international mix of private collectors, dealers and institutions turned out to bid for an old and celebrated collection of European glass formed by the late Dr. Otto Dettmers of Bremen when it went under the hammer at Sotheby’s in London last week on November 23.

US: THE MARKET for Impressionist and Modern art saw further consolidation last week when Sotheby’s and Christie’s turned over a premium inclusive $466m (£289.5m) for their November sales of works by the world’s most expensive artists.

HONG KONG: There were major series of sales in Hong Kong for Sotheby’s and Christie’s last week with both rooms offering selections of Chinese ceramics and works of art, jewellery and paintings.