News

Insurance giants AXA and Barclays Private Equity have withdrawn their offers to buy Drouot. In a statement issued on May 13, AXA said that their €82m offer, tabled on March 21, was to be “considered null and void, given the difficulty in obtaining the support of a majority of commissaires-priseurs”.

SOTHEBY’S results for the first quarter of 2002 show a 20 per cent drop in revenues – no great surprise following September 11 and smaller London Impressionist and Contemporary sales.

The defence and relief of Mafeking (1899) in the Boer War has a particular resonance in British history, and three Victoria Crosses were awarded for valour during the action. As a result, medals from this action generate more than usual interest.

CHRISTIE’S established 15 new auction records at their Rockefeller Centre saleroom on the evening of May 14 with a $42.1m (£29.9m) sale of Post-War and Contemporary Art.

More Renaissance items came up at Arsantiqva (15% buyer’s premium) at the Westbury Hotel on April 19 with the first of three tranches of material relating to the serene city of Venice.

Pennyfarthing Fairs cancelled their antiques fair at The Wyllyotts Centre, Potters Bar on Sunday, May 12 following the train crash in the town on Friday May 10 in which seven people died.

BONHAMS have unveiled a network of representatives across Europe whose job will be to bring in new business and ensure continuity of service for clients.