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Art and antiques news from 2006
In 2006 the Artist's Resale Right came into effect in the UK. It raised £1 million during its first 12 months in operation.
ATG Media hosted the first online auction with live audio feed at Dreweatt Neate via thesaleroom.com
Sotheby's bought the gallery and stock of Dutch Old Master dealer Robert Noortman, one of the founders of the Maastricht fair.
Clarion shelve SECC fair again
31 May 2006CLARION Scotland have cancelled the Fine Art and Antiques Show Scotland scheduled for the Scottish Exhibition and Conference Centre, Glasgow from August 17 to 20. The new fair was essentially a relaunch of Fran Foster’s Antiques For Everyone Glasgow, which ran at the SECC for six years until its final staging in May 2005.
Horne merges with Sampson
31 May 2006Pottery specialist to leave landmark Kensington Church Street premises for Mount Street
Brushing off the soil, bidong brings £32,000
31 May 2006The vendor of this handsome Chinese brush pot or bidong did not hold it in high regard. An heirloom from a grandfather who had spent some time in the Far East, the 6in (15.5cm) vessel had been relegated to the potting shed as a useful receptacle for garden tools and potting compost.
Luggala: the best Irish house sale in years
27 May 2006“It is indeed a lovely spot of earth, lonely and secluded; the wood full of game, the lake full of fish, and nature full of poetry.” Luggala, as so eloquently observed by Hermann, Prince von Pückler-Muskau after a visit in 1828, is one of the most beautiful private estates in Ireland.
Hyde-bound
22 May 2006“This bureau was bought by my Great Grandfather, John Stuart, at the sale of Deacon Brodie’s stock in trade after his execution, W.M. Stuart, the Hummel, Gullane, 18.10.28.”
Partridge sale totals $12.5m – enough to meet obligations with a bit left over
22 May 2006CHRISTIE’S May 17 sale of Partridge stock in New York went according to plan, with a hammer total of $12.5m (£6.65m).
Southampton back on course
22 May 2006New degree demands a higher entry qualification in bid to win RICS backing
Bridgeman launch agency to rival DACS
22 May 2006THE launch of a new collecting agency for the artist’s resale levy has broken the monopoly of The Design and Artists Copyright Society (DACS). The Bridgeman Art Library, one of the world’s leading sources of fine art images, told ATG that they have set up a new company called Artists’ Collecting Society (ACS) to collect the levy on behalf of artists in the UK.
Condition and colour help table to €180,000
22 May 2006The ownership of this c.1760 Irish mahogany side table was traced by the late Sir Charles Brett, a prominent Ulster attorney and leading Irish historian, to his descendent Charles Brett of Belfast (1752-1829). He was a wine merchant in Belfast and Bordeaux in the 1780s and his many business concerns included interests in the Belfast Glass Works, Distillery, Chamber of Commerce and Shipping.
Australia reject resale royalty but invest A$6m in artists instead
22 May 2006AUSTRALIA have rejected Droit de Suite.
Bonhams broker deal to save steam collection
15 May 2006BONHAMS have brokered a last-minute deal to save the unrivalled Jonathan Minns Collection of Industrial Archaeological Artefacts from being split up.
Widespread support for trove code
15 May 2006A NEW code of conduct has been agreed to offer standard guidelines for locating and unearthing treasure trove.
Higher commissions help Sotheby’s to 30% revenue rise in first quarter of 2006
15 May 2006SOTHEBY’S have recorded a 30 per cent rise in first quarter revenues from 2005, with the 2006 total coming in at $96m.
Invincible at £19,000...
15 May 2006“This was the earliest Cup Final programme I’ve ever seen,” said Graham Budd (15% buyer’s premium), referring to lot 747 in his sale on May 9-10 in association with Sotheby’s Olympia.
New recruits and a London launch for L&T
15 May 2006Edinburgh auctioneers Lyon & Turnbull unveiled two new appointments at the official opening of their new London office on Tuesday, March 9.
Antiques sold for scrap as silver price rockets
15 May 2006ATG have learnt that the strong prices for precious metals on the commodities market has meant some dealers have started selling silver and gold antiques as scrap.
€5bn scandal rocks trade in stamps
15 May 2006THE world stamp market is reeling this week after what could prove to be a €5bn pyramid selling scheme was unmasked in Spain.
If there is a bubble, it’s not set to burst yet
15 May 2006Hedge funds continue to stake a claim on big-ticket names
$85m portrait helps Picasso eclipse Van Gogh as art’s biggest name
08 May 2006Pablo Picasso has become the ultimate luxury brand. On May 3 at Sotheby’s New York Picasso’s rare and iconic 1941 portrait, Dora Maar au chat, became the world’s second most expensive painting when it sold for $85m (£48.3m) to a mystery buyer in the room, widely presumed to be representing a Russian oligarch.
Antique exports to Hong Kong treble in 2005 as trade outside EU expands
08 May 2006THE value of UK exports of antiques to Hong Kong almost trebled in 2005 according to the latest Customs figures.