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Art and antiques news from 2000
In 2000 Bonhams merged with classic car auctioneer Brooks.
Sothebys.com was launched in a $40 million joint venture with Amazon.
Christie's CEO Christopher Davidge left and was replaced by Edward Dolman. News later emerges that the firm had colluded with Sotheby's to fix rates of commission between 1993 and 1999.
Turnover of $2.3bn each for Christie's and Sotheby's
20 March 2000CHRISTIE'S and Sotheby's announced a substantial increase in turnover for 1999, each registering total sales in the world art market of $2.3 billion (£1.46bn).
BADA survey shows a 25 per cent rise in turnover
20 March 2000UK: THE British Antique Dealers' Association has announced a turnover in excess of £700m ($1.1bn) for their 400 members for 1998/99, a 24 per cent rise on 1997/98's figure of £565m.
Weaving a tale
20 March 2000UK: THE Arts and Crafts movement in Scotland and England has been well documented both in commercial salerooms and academic exhibitions, and indeed the value of work designed by the likes of William Morris and Robert Lorimar has never been more popular.<b
Duke's uncover a blessing in disguise
13 March 2000UK: HAVING ascribed it to the Italian School of the 13th/14th century in their auction advertisement, Hy. Duke now believe that this 73/4 x 9in (20 x 23cm) oil on panel, right, is in fact the pinnacle – missing for 150 years – of the Madonna panel by Nardo Di Cione (1343-1366).
From a Ligurian Spring springs to £330,000
13 March 2000From a Ligurian Spring by Henry Herbert Lathangue (1859-1929) sold for £330,000 plus 15 per cent premium at Bearne’s Spring Seasonal Sale, Exeter on March 1.
Dealer turns detective to uncover crime spree
13 March 2000UK: INVESTIGATIONS by a Surrey antiques dealer have uncovered a crime spree by what appears to be a single gang right across the South East of England.
Now Pinault buys Piasa
13 March 2000FRANCE: ARTEMIS, the holding company belonging to Christie’s owner François Pinault, have acquired the Paris auction group Piasa.
Sotheby’s go for 20% top buyer’s premium rate
13 March 2000SOTHEBY’S will raise their buyer’s premium on April 1, one day after Christie’s are due to do the same.
The case of the disappearing fish
13 March 2000UK: The factors which make for a desirable cased fish are four-fold: the case (bowfronts are most popular), the label of a good taxidermist such as Cooper, condition and (as the joker in the pack) the beast itself.
Lester eyes New York
27 February 2000US: FLORIDA-based organiser David Lester is negotiating for a new fair in New York City, possibly to be launched as early as October this year.
Classic Art Deco
27 February 2000UK: This pair of 8ft 2in (2.5m) high polished steel gates inset with Lalique glass segments were bid to £13,000 at Christie's South Kensington on February 9.
Spink to join the Bloomsbury set
27 February 2000UK: Spink's move from the King Street premises the firm have occupied for over three-quarters of a century, also marks a major re-assessment of the way they do business.
Collusion probe latest
27 February 2000US: THE sudden resignations of Sotheby's chief executive Diana 'Dede' Brooks and chairman Alfred Taubman have come in the wake of the investigation into alleged commission fixing which has seen the company's stock plummet by 60 per cent since the start of this year.
Monkey puzzle
27 February 2000UK: EVERY so often a dealer will acquire an object of academic interest for relatively little money and put it into an auction to see how much it will make.
French auction reform advances
27 February 2000FRANCE: THE French auction law reform bill had its second reading in the Senate on February 23 and, according to National President Gérard Champin, “90 per cent of the text has now been approved”.
Highly important Cimabue painting discovered
21 February 2000UK: A HIGHLY important painting by the early Italian master Cimabue (c.1240-1302) has been discovered by Sotheby's at Benacre Hall, near Lowestoft, Suffolk, home of the reclusive Sir John Gooch, 12th Bt., who died last year.
Christie's detail new commissions
21 February 2000CHRISTIE'S had their best ever year in 1999, exceeding the peak of annual turnover achieved at the height of the last art boom.
View of Venice at the Entrance to the Grand Canal
21 February 2000UK: While the art market has been quieter in the provincial salerooms since the New Year, an exception was provided by this oil on canvas View of Venice at the Entrance to the Grand Canal, which appeared at Lawrence's of Crewkerne on February 17.
Thefts from antique shops across Surrey may be linked
21 February 2000UK: POLICE are investigating the possibility that the same gang is behind a number of thefts from antique shops in Greater London and Surrey over the last few months.
LVMH buy Tajan
21 February 2000FRANCE: PHILLIPS' new owners, luxury goods group LVMH Moët Hennessy Louis Vuitton, are to acquire Tajan, the leading French auction house.