News

The war in Afghanistan is not good news for trade on the whole. American visits are down, insurance costs are up, consumers are staying at home, the market for rugs and carpets have taken a hammering since the airstrikes were launched, and that is just in London.

USA: As expected, US show organiser Sanford Smith has been forced to follow other New York fairs and cancel his two high-profile mid-November shows at the city’s two armory buildings.

Four of the six lots of antique silver from Her Majesty’s Treasury due to be sold by Bonhams & Brooks on October 30 were withdrawn from auction the day before the sale.

USA: Swann Galleries will hold their inaugural auction of Contemporary Art on the evening of Tuesday, November 13 at their 104 East 25th Street New York premises. The sale comprises about 170 examples of photo-based artworks, paintings, prints and drawings as well as mixed media pieces and multiples by late 20th century artists.

Early Qing imperial porcelain has long been the darling of the Hong Kong Chinese auctions so when a Qianlong (1736-95) mark and period dragon vase with a previously unpublished pattern came up at Sotheby’s (20/15/10% buyer’s premium), Hong Kong on October 29, sparks flew and an auction record was set for a piece of Qianlong porcelain.

The German-based Oetke Group are currently in negotiations to sell the Bond Street galleries of Colnaghi, one of the oldest names in the London art trade, to the London and Munich Old Master dealer Konrad Bernheimer.

Listed on eBay on October 15 with an opening bid of just $75, within seven days this gold plastic PEZ space gun dating from the late 1950s/early ’60s had attracted a final bid of $6262 (£4540). At today’s prices, that’s more than 22 times the cost of an ounce of real gold.