Sotheby's
Sotheby’s have been holding auctions since 1744. Founded in London, where they moved into salerooms on Bond Street in 1917, Sotheby’s expanded to New York in 1955 and now have salerooms and offices around the world.
Sotheby’s offer specialist sales in over 70 different categories though four major salerooms, six smaller ones and through their online bidding platform BIDnow.
Sotheby’s name new France head
10 November 2003Sotheby’s have appointed their current German chief, Philipp Wurttemberg, to succeed Laure de Beauvau Craon as head of Sotheby’s France. M. Wurttemberg will start in the job in January 2004, while continuing as managing director of Sotheby’s Germany, a post he has held since 1999.
Class action specialists return
03 November 2003THE Chicago Clearing Corporation, the US traders in class action certificates, are to visit London again to buy and sell the vouchers issued following the Christie’s/Sotheby’s collusion case settlement.
Hercules’ rare show of strength in the garden
29 October 2003The lacklustre results posted at Sotheby’s (20/10% buyer’s premium) summer garden statuary sale were not bettered in early autumn, the September 23 catalogue seeing only 365 of the 666 lots sold.
Loophonium to be auctioned by Sotheby's
23 October 2003Included amongst the more venerable 18th century flutes, 19th century hurdy gurdies and 17th century harpsicords and spinets that make up the l03-lot sale of early musical instruments to be held at Sotheby’s Bond Street on November 25, is this unusual piece of more recent vintage.
Ceramics charge ahead of silver with rare pieces
16 October 2003An early autumn mixed hors d’oeuvres of silver and European ceramics went under the hammer at Sotheby’s Olympia (20/12% buyer’s premium) on October 2. Roughly two-thirds of the 375 lots were devoted to silver and vertu, and the remaining third to ceramics, but it was the latter that provided half of the ten highest prices, including what proved to be very much the top lot of the day.
Sotheby’s former online auctions boss has another go at high-end web sales
14 October 2003A NEW company aiming to capture a market that even the top firms have failed to corner – selling high end art and antiques online – are trying a fresh approach. iGavel are headed by Vancouver-based Lark E. Mason, Jr, a 24-year veteran employee of Sotheby’s whose last role was director of online auctions for sothebys.com.
Another Turner who proved himself the master of light and shade…
09 October 2003September was football time for two of the London rooms, Sotheby’s Olympia (20/10% buyer’s premium) fielded a 437-lot sale on September 11 and Christie’s South Kensington (17.5/10% buyer’s premium), who followed on two weeks later with their 302-lot offering on September 23.
Bread-and-butter tea sets find their place at the table once more
30 September 2003Greater levels of trade and private interest in what were fairly routine silver outings at Christie’s South Kensington and Bonhams Knightsbridge on September 9 gave specialists at both houses cause for optimism.
18th century rococo chair estimated at £150,000-200,000
23 September 2003Sotheby’s will sell the contents of Fawley House, Fawley, near Henley-on-Thames, Oxfordshire on October 14-15. Their vendor, David McAlpine of the construction dynasty, has collected for 30 years.
Adding fuel to the fire of enthusiasm
23 September 2003Modern British’s reputation as the market of the moment was underlined at Sotheby’s Olympia (20/12% buyer’s premium) on September 10 when the trade had their last major opportunity to buy stock before the 20/21 British Art Fair.
Preview of velvet suit coming up at Sotheby's
16 September 2003Fashionably-clad women queuing to try on the new season’s must-haves is a common enough sight in any high street clothes shop, but in the late 18th century men gave as much thought to their appearance as the fairer sex.
France chief to step down
15 September 2003Laure de Beauvau-Craon has announced that she will step down as chief executive of Sotheby’s France at the end of the year. She has held the post since 1991 and will be remembered for successfully lobbying the European Commission to bring about the abolition of the domestic auction monopoly of France’s commissaires-priseurs.
Class action trading company to visit UK
08 September 2003Representatives of a US company trading in class action certificates are coming to London to meet UK recipients of vouchers relating to the Sotheby’s/Christie’s price-fixing settlement in the USA.
Rock and film memorabilia sale preview
05 September 2003The Stuart Sutcliffe archive received a lukewarm reception at Bonhams Knightsbridge, but Sotheby’s Olympia (20/12% buyer’s premium) are hoping a stamp design by his famous art college friend, John Lennon, will generate more frenzied bidding in their 201-lot Rock ’n’ Roll and Film Memorabilia sale on September 24.
Sotheby’s buy H.P. Kraus inventory for $9-12m sale
01 September 2003Sotheby’s have acquired the inventory and reference library of H.P. Kraus, the venerable New York dealers in books and manuscripts, which they will sell in a series of auctions this autumn.
Apology issued over compensation error
01 September 2003THE company appointed to administer the Sotheby’s/Christie’s price fixing settlement in Europe have apologised for the error on the compensation claim forms which has delayed the process. The Garden City Group, who sent out the forms last month, transcribed the compensation amounts in dollars rather than pounds sterling. The amounts were listed in the section of the form titled Pre-Printed Transactions Supplied by Christie’s and Sotheby’s.
Currency error delays collusion compensation
26 August 2003A BASIC clerical error seems certain to delay compensation payments linked to the Sotheby’s/Christie’s price fixing settlement, it has emerged. At least in some cases, the figures quoted in forms sent out notifying claimants of their entitlements have been transcribed in dollars rather than in sterling.
The Hobbit reaches £40,000 at Sotheby's.
20 August 2003Last summer Sotheby’s took a bid of £36,000 on a copy of the 1937 first edition of The Hobbit inscribed in October of that year to Tolkien’s Aunt Jane; this summer they raised £40,000 for a copy that he had inscribed at the time of publication.
Is rediscovered Russolo a speculative sleeper?
12 August 2003Dealers are always complaining that, thanks to the Internet and the trade Press, there are no sleepers any more. But a seriously interesting group of pictures appears to have slipped through the trawl nets of specialist London dealers, leaving a local West Country trader with what may turn out to be a canny buy.
Philip Smith’s Lord of the Rings book wall, a new type of art object, sells for £130,000
12 August 2003A small selection of striking and dramatic bookbindings by Philip Smith offered at Sotheby’s as part of their July 10 English Literature & History sale was not a complete success. In fact, five of the six lots failed to sell, but the most important of them, catalogued as “the greatest and most celebrated postwar English bookbinding” brought a bid of £130,000 from a collector.
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