International

US: NEW York financier Saul Steinberg is to sell his collection of 61 Old Master paintings through the New York art dealer Richard Feigen. With obvious carrots dangled by the leading auction houses for such an important collection, conservatively valued at some $52m, this is a major fillip for the fine art trade.

GERMANY: New technology looks set to cause a leap forward in German retail practice.

UK & US: PHILLIPS’ traditional reputation as the permanent poor relation of Sotheby’s and Christie’s at the top end of the international art market could be turned on its head by a clutch of high value consignments soon to be offered in London and New York.

AUSTRIA: THE ENTRY of Jörg Haider's far-right Freedom Party into the Austrian government could have repercussions for the country's art market, warns Otto Hans Ressler, director of Austria's second-largest auction firm Wiener Kunst.

FRANCE: ARTEMIS, the holding company belonging to Christie’s owner François Pinault, have acquired the Paris auction group Piasa.

FRANCE: THE French auction law reform bill had its second reading in the Senate on February 23 and, according to National President Gérard Champin, “90 per cent of the text has now been approved”.

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.

US: FLORIDA-based organiser David Lester is negotiating for a new fair in New York City, possibly to be launched as early as October this year.

FRANCE: PHILLIPS' new owners, luxury goods group LVMH Moët Hennessy Louis Vuitton, are to acquire Tajan, the leading French auction house.

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).

FRANCE: FRENCH online auction information company Artprice.com became the first dot.com business to hit the Nouveau Marché Paris on Friday January 21. Its stock was placed at Fr125 (£11.67) per share and the 1.15m shares on offer represent 18.4 per cent of the company capital.

EIRE: ONE of a number of remarkable prices achieved at James Adam & Bonhams' Irish Art sale on December 8 was the record IR£50,000 (£41,665) given for Harry Kernoff's 1936 oil of a Dublin cab.

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.

FRANCE'S auction reform bill was given its first reading in the Assemblée Nationale (Lower House) on December 21/22.

FRANCE: CHRISTIE’S France will start the new Millennium by relocating from Rue Paul-Baudry to new premises on Avenue Matignon, just off the Champs-Elysées and some 500 yards from Sotheby’s base on Rue du Faubourg St-Honoré.

EU: BRITAIN’S opponents on the droit de suite issue were in retreat last week with the emergence of telling evidence from France and Germany (the two main champions of artists’ resale rights) that the levy is both damaging to art markets and of little benefit to living artists.

UK: THE exceptional levels of demand recently seen for American pictures impacted on the London salerooms on the evening of December 14 when Bonhams achieved a record £1.4m for Richmond Hill in the Summer of 1862 by the Hudson River School painter Jasper Francis Cropsey (1823-1900).

FRANCE: CHRISTIE’S will move into their new Paris headquarters at 9 Avenue Matignon at the centre of the art and antiques district of the 8th arrondissement on January 3.

FRANCE: THIS anonymous oil-on-paper portrait by Annibale or Agostino Carracci sold 'for around £60,000' at Virginie Pitchal’s Mirror of the Soul exhibition at her Left Bank gallery.

EU: THE FATE of the UK’s flourishing Contemporary and Modern art trade hung in the balance last week after the Government had continued its steadfast opposition to the introduction of droit de suite by frustrating an attempt to push through the directive at the Internal Market Council meeting.