News

Is there a future for Phillips de Pury & Luxembourg (15/10% buyer’s premium) now that Bernard Arnault and the financial might of the LVMH group have distanced themselves from the company and the enormous guarantees it was paying to secure high-value consignments?

From the time commission bids began to come in, it was plain one item would tower above everything else at the 558-lot Harrogate sale held by Morphets (15/10% buyer’s premium) on March 7 – the Archibald Knox silver wine flagon shown right.

Echoing encouraging sentiments of provincial auctioneers across the UK, Bristol Auction Rooms specialist David Rees felt “the trade were more comfortable buying for stock” at his March sale than in previous months, adding: “It was the best sale we’ve had since November.”

We reported in last week’s Antiques Trade Gazette's Art Market pages on the Ellekilde, Copenhagen sale and reflected on the popularity of Scandinavian interiors. An altogether different Danish artist to enjoy success at that sale was Gerda Wegener (1885-1940), a magazine illustrator, whose work proves especially popular with an American audience.

LONDON: THE trade are being warned about credit card cloning after several incidents in London in the past few months. In mid-January, a King’s Road gallery sold a French 19th Century bronze figure to a customer, and was paid with a credit card which, though authorised at the time, now appears to have been fraudulent.

Other auction houses may soon have to follow suit: Concern over the possibility of conflicts of interest has put Christie’s review of their policy on the use of outside consultants at the top of the company’s agenda.

SOTHEBY’S former chairman, A. Alfred Taubman, convicted in December of conspiring with rival auction house Christie’s to fix fees charged to sellers, must now wait until April 22 for sentencing.