News

DESPITE falling stocks, banks freezing and now top-end contemporary art taking a tumble, Samuel John Peploe's (1871-1935) Roses sold at £440,000 hammer to a UK private buyer at Christie's Scottish art sale in Edinburgh. With premium included, this was a record for a Scottish Colourist, although not a hammer record.

PERSONAL intervention by French President Nicolas Sarkozy has raised the stakes in the battle over extending the Artist’s Resale Right (Droit de Suite) to the heirs of dead artists.

BONHAMS announced last week that all their businesses worldwide would now be subject to external regulation by the Royal Institution of Chartered Surveyors. Chairman Robert Brooks, who has consistently called for greater transparency in the auction system, explained why they had chosen to become a firm “regulated by RICS”.

EBAY are to ban the sale of ivory products on its USA site from January.

THE balloon-like market for contemporary art lost much of its air last week as both the Frieze Art Fair and its related auctions suffered the full force of the global economic crisis.

THE contemporary art downturn had a tangible effect on the market for urban art as the sales staged in London by Bonhams in New Bond Street on October 23 and Dreweatts in Shoreditch on October 14 witnessed greater selectivity amongst buyers.

The Metropolitan Police’s new team of ArtBeat Special Constables were deployed for the first time on October 20 as part of Operation Syenite. The aim of the operation is to raise awareness among London’s art world about antiquities looted from the Afghanistan National Museum in Kabul during the 1990s.