News

LONDON: AXA Art Insurance, sponsors of Asian Art in London, have announced the winners of the two AXA Art Awards, one for two-dimensional and the other for three-dimensional works.

Antiquities dealers could find their trade in legally exported artefacts threatened despite due diligence if the Egyptian government succeeds in reversing Sotheby’s sale of a granite bust of Ramses II.

The importance of clear due diligence in dealings has been highlighted by an Irish court overruling the country’s statute of limitations on stolen goods in a civil case.

UK: AUCTIONEER Rupert Toovey is to open a huge new saleroom at Washington, just off the A24 outside Storrington in West Sussex. The move, which he has been working on for more than a year, will bring him a purpose-built auction space that is two and a half times the size of his current Partridge Green rooms.

The Impressionist and Modern sales were not the only New York sales last week to smash auction records. Christie’s November 5-6 sale of 19th and 20th century prints brought an extraordinary record price for a single print by Henri de Toulouse Lautrec. La Grande Loge, an 1897 lithograph in colours on wove paper, was an extremely rare and previously unrecorded colour trial proof produced before an edition of 12.

The patent dispute pitching a Virginia inventor against eBay appears to be heading to trial. US District Court Judge Jerome Friedman issued a series of rulings in late October that, while firming up aspects of eBay’s defence, rejected the company’s attempts to have the claims – made by MercExchange, a Virginia technology company – thrown out.

UK: SOTHEBY’S have denied reported claims by a gang caught in possession of stolen antiques that they had an insider working at the auction house. The theft was highlighted after the arrests of four Romanians and one Kosovan last week during a police sting to uncover an alleged plot to kidnap the celebrity Victoria Beckham.