Auctioneers

Pending appeals leave compensation in limbo: With the conviction of Sotheby’s chief shareholder, Alfred Taubman, on price-fixing charges, attention now turns to the outstanding matters concerning compensation.

Whitbread archives provide Knowle with a trophy consignment: The Midlands branch of the Bonhams empire, the former Phillips salerooms at Knowle, has not previously been known for regular breweriana sales but their reputation for selling collectables saw them win a 356-lot consignment from the Whitbread archives.

Collectors from Lancashire arrived at the Edinburgh sale of Decorative Arts held by Lyon and Turnbull (15/10% buyer’s premium) on November 7, excited by this silhouette, right, of their favourite ceramic factory.

“There was a certain amount of watching. People were there to see what was happening, which was why it was slightly less active than last year, particularly for the nice, but less fashionable 19th century watercolours.”

Two weeks after Christie’s and Bonhams’ Knightsbridge sales, Bonhams’ (15/10% buyer’s premium) offered a small 110-lot selection of antiquities along with a dozen lots of icons in their Bond Street rooms on November 27.

When Sotheby’s sold Joan Stephens’ collection of samplers and needlework in New York in 1997, the second most expensive lot, at $90,000, was an English needlework picture initialled EP, and dated 1746.

A new world auction record for Sir Joshua Reynolds was achieved at Sotheby’s on November 29 when the oil on canvas Portrait of Omai sold for £9,400,500 (plus 20/15/10 per cent buyer’s premium).

Former Sotheby’s chairman Alfred Taubman fell asleep during board meetings and was more concerned with getting his lunch than running his company, a New York jury was told last week.

This codified sequence of columns, dots and captions is what the superstitious folk of 16th century Italy consulted with more zealotry than a tabloid-reading lottery pundit in search of Mystic Meg.

Basic buyer’s premium almost doubles: On the rainswept evening of November 29 in Paris, as the tricolor fluttered proudly over the Elysée Palace and Christmas lights twinkled on the Champs-Elysées, history was made as Sotheby’s became the first foreign auctioneers ever to sell in France – exploding a monopoly dating back to 1556.

The secret memorandum that Nelson sent to all of his captains on the eve of the Battle of Trafalgar, outlining his plan to divide the fleet into three squadrons and thus be able to direct at least 24 ships against any part of the enemy’s line, has become one of the more celebrated documents in the history of naval warfare.

Chinese sales at Christie’s South Kensington (17.5/10% buyer’s premium) can always be relied on to produce some good prices during Asia week. While the morning works of art session in their Chinese Ceramics and Works of Art sale, November 8, was quiet, business picked up in the afternoon for the ceramics section.

As fresh, quality private consignments become ever scarcer, the competition for such works must make it difficult for auctioneers nationwide to put sales together. Although Bonhams’ (15/10 buyer’s premium) 400-lot Fine Asian Art sale on November 12 had fewer top quality works to tempt buyers than at Sotheby’s and Christie’s, the modestly estimated and fresh-to-the-market tea dust-glazed moonflask, Qianlong seal mark and period, saw buyers jostling for ownership.

One of the advantages of being an auction house with offices and salerooms spread around the country is that items with regional associations can be sold in the areas with the relevant local interest. This is precisely what happened on November 8 when the signed Louise Rayner (1832-1924) watercolour that had originally been consigned to Phillips Bath came up for sale 120 miles and one corporate take-over away at Bonhams Chester (15/10% buyer’s premium).

This 17th century wrought iron Armada chest had stood unopened in the attic of an English country house for 180 years until it was finally unsealed earlier this year and found to contain a mass of papers relating to Dr William Harvey and his brother Eliab which had been deposited there by his descendants in 1821.

Nothing is more certain to draw buyers in their droves than modestly estimated works from private collections. A single textile entry and two conservatively estimated porcelain collections did just that at Sotheby’s Olympia (17.5/10% buyer’s premium) inaugural Chinese Works of Art on November 16.

AUCTIONEERS Sotheby’s (20/15/10% buyer’s premium) combined with New York dealers Stacks to auction the Dallas Bank collection of United States coins on October 29-30.

Somerset auctioneers Lawrence Fine Art will close their Taunton salerooms on December 21 and stop holding monthly sales at Crewkerne.

Manchester City Art Gallery, the underbidder at auction for the lantern which was the original model for Holman Hunt’s The Light of the World, have secured the piece after all. The gallery underbid the lantern, pictured right, when it was sold to a private collector for £46,000 (plus 15% buyer’s premium) on November 1 at Bonhams Knightsbridge.

Individual entries consigned to Sotheby’s and Christie’s Chinese sales were an encouraging reminder to any jaded dealer that if you look hard enough and long enough, sleepers are still to be found.