News

If the price paid for Alberto Giacometti's (1901-1966) sculpture L'Homme qui Marche I is anything to go by, then the art market is now striding out of recession. Selling for £58m (plus premium) at Sotheby's evening sale on February 3, it became the most expensive object ever sold at auction.

SERIOUS levels of demand emerged for works at the very top end of the art market as this month’s flagship Impressionist and Modern art auction series raised a combined hammer total of £225.8m, massively up on the £108.8m for the equivalent series last year.

A GROUP of Portobello Road dealers are to lobby the Royal Borough of Kensington and Chelsea following the loss of a prominent antiques arcade to a highstreet retailer.

MAJOR American museums played an active role as both buyers and sellers in the latest Old Master sales in New York.

CHRISTIE’S have announced a 24 per cent year-on-year fall in sales for 2009 to £2.1bn.

A PAIR of silver-gilt waiters made by William Burwash for William Beckford, “the wealthiest commoner in England” who built the lavish Gothic Revival Fonthill Abbey in Wiltshire, sold for £36,000 at auction last week.

BLOOMSBURY Auctions and Dreweatts have announced an alliance with Hermann Historica, the German specialist auctioneers in arms, armour and militaria.