News

THE next LAPADA London fair could well be in a marquee in Berkeley Square following the Royal Academy’s sale of 6 Burlington Gardens meaning it will no longer be the location of the dealers’ association’s London fair.

A HANDWRITTEN letter written by Albert Einstein in the year before he died giving his thoughts on religion drew spectacular bidding in London last week when it sold at £170,000 (plus premium) against an estimate of just £6000-8000.

THE London Business School hosts the Second 2nd annual Art Investment Conference, The Science & Passion of Art Investing on Friday May 30.

Dreweatts have secured a preview for their forthcoming Urban Art sale at Selfridges.

Partridge Fine Art are to roll out a summer programme of exhibitions and other events at their Bond Street gallery, playing host to major names in the art and antiques trade in the process.

Fears that New York’s flagship May sales might usher in a market meltdown were allayed last week as Sotheby’s and Christie’s posted solid results for Impressionist and Modern art.

One collection that Sotheby's and Christie's will not be selling this season is that of Ileana Sonnabend. In what has been described as the largest private sale of art ever, the heirs of the legendary New York dealer who died in October 2007 have recently parted with some $600m worth of paintings and sculptures (including Jeff Koons’ 1986 Rabbit valued at $80m) to cover their estate taxes.