News

EC fine Sotheby’s £13m – Christie’s escape penalty: THE US courts have given the go-ahead for compensation settlements to be paid in Sotheby’s and Christie’s $512m price fixing case. The green light came last week after the 90-day appeal period set by the US Supreme Court expired with no challenge to the ruling.

Seen here are two black ink silhouettes of Teeterree and Thomas Tooi that sold for £2500 as part of the book and ephemera section of an antiques sale held on October 5 by Finan & Co. of Mere.

THE next British Antiques and Collectables Awards ceremony will be held at the Dorchester Hotel in London on June 24 next year. Unveiling details of the scheme last week, the organisers revealed a number of changes in the award categories – a process they promised to continue last year as they assessed how each category worked.

Few historic characters are guaranteed to generate more interest than the one-armed, one-eyed figure of Britain’s most celebrated admiral, Lord Nelson. Sotheby’s (19.5/10% buyer’s premium), Bond Street, 93-lot auction of Nelson memorabilia from the Alexander Davison collection sold on Trafalgar Day (October 21) to a room so packed that buyers had to spill over into an adjacent gallery.

The fastest growing area of the jewellery market, mourning apparel has become “hot property in the past 12 months”, says Jethro Marles of Bearne’s. Pointedly excepting the sort of heavy black jewellery produced in large quantities during the post-Albert period, he says that the material that has doubled in value over the past year is the earlier, more delicate mourning jewellery of the sort shown right.

The COINEX week of sales was kicked off by Dix Noonan Webb with a 1928-lot sale on a long October 8. This marathon took ten hours to disperse, making a total of £483,639; this, exults Chris Webb, was their best ever sale.

The second-eleven sale that followed on from Christie’s main Islamic auction, was held in their South Kensington rooms on October 18, with 324 of its 417 lots changing hands, and saw the highest take-up of all the sales in this autumn’s series.