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.
Supply fears as strong mainland Chinese buying leaves its mark
12 August 2003HONG KONG ASIAN SALES : When SARS broke out in Asia earlier this year, Sotheby’s decided to hold their Asian auction series in Hong Kong as planned in April, but Christie’s postponed their Hong Kong sales until early July. Sotheby’s may not have registered the same levels of Western interest in their two fine Chinese sales on April 27 (the combined 281 lots totalled a premium-inclusive HK$106,481,440), but like Christie’s, they reported increased mainland Chinese buying.
Contents updated–at £1m
12 August 2003Decorator’s home supplies the demands of today now good looks outrank authentic age: WITH a hammer total of well over £1 million and a 98 per cent selling rate, the on-the-premises contents sale at Wormington Manor, Worcestershire, notched up the sort of figures in the grand tradition of such Sotheby’s events, but in fact it was in many ways much more representative of current trends than past glories.
Sotheby’s ride out events and look to the autumn
11 August 2003THE Iraq war and the SARS epidemic hit Sotheby’s consignments and sales in the second quarter of this year, with total revenues down $8m on the same period last year.
Breuget gem heads watches
31 July 2003Although it was the clock section that provided the lion’s share of the money generated by Sotheby’s Olympia’s June 19 horological sale (largely thanks to their £800,000 Tompion), the bulk of the content was provided by wrist and pocket watches. Offered in a separate afternoon session, they accounted for 264 of the 395 lots.
The East fulfils its promise in the West
15 July 2003The resurgence of interest from Asian buyers in quality transitional blue and white sleeve vases was seen at Sotheby’s (22% buyer’s premium) in Amsterdam, when this finely painted example, right, illustrating boys presenting gifts to a number of scholars, topped the 243-lot Asian sale on May 21.
Digby items spark dealers’ duel
09 July 2003Totalling £533,120, the Wingfield Digby collection of Chinese and Japanese porcelain offered at Sotheby’s Olympia (20/12% buyer’s premium) on June 12 may not have been the highest grossing sale of the London Asian series but it fielded the fewest casualties and was full of the type of fresh-to-the-market provenanced material at low estimates which the trade crave.
Wormington: Rowley’s legacy for sale
30 June 2003On July 21 and 22, Sotheby’s will be holding a house contents sale at Wormington Manor near Broadway. This was the Worcestershire home of interior decorator, Christopher Rowley whose shop in Lower Sloane Street, Belgravia was a familiar meeting point for his large circle of friends and clients until his death in April this year.
Master of Disguise
24 June 2003Coming up in London: Hidden for over 300 years behind the work of a pupil, this image of one of the world’s most celebrated painters at the age of 28 has only recently emerged from beneath layers of overpaint. This newly discovered Rembrandt self-portrait promises to be the highlight of this summer’s auction season in London and will be offered for sale at Sotheby’s on July 10.
...and still to come
24 June 2003One of the highlights of the English porcelain section of Sotheby’s Olympia’s ceramics sale on July 3 will be a group of pieces from the celebrated Duke of Gloucester Service produced by the Worcester factory c.1775. The service is said to have been made for William Henry, Duke of Gloucester and Edinburgh and Earl of Connaught (1743-1805), younger brother of George III.
Uttoxeter office for Sotheby’s
24 June 2003In August Sotheby’s will open a new regional office near Uttoxeter, Staffordshire, headed by Mark Newstead. The Staffordshire office will serve clients in Cheshire, Derbyshire, Staffordshire, Shropshire, Nottinghamshire and Leicestershire, as well as North Wales.
Incomplete – but scarcity triumphs
17 June 2003The combination of a single-owner collection in a specialist niche corner of the market with a not over-large and mostly market-fresh selection of realistically estimated material were the keys to the warm reception that greeted Sotheby’s (20/12% buyer’s premium) sale of Scientific instruments in their Olympia rooms on May 28. All bar 15 of the 155 lots, just short of 90 per cent (92 per cent by value) changed hands for a total of £262,350.
Constant bidding for record Belgian Expressionist
11 June 2003Miety Heiden, Sotheby’s Amsterdam (22% buyer’s premium) picture specialist had a sneaking suspicion that Schelde Roeier, an oil on canvas by Belgian Expressionist Constant Permeke (1886-1952), would do well when it was offered in the 170-lot May 27 sale of Modern and Contemporary Art in the Dutch capital. But no-one was prepared for the record breaking sum.
Roses blooming at Sussex
11 June 2003Included among the fountains, wellheads and lead figures at Sotheby’s Sussex on 20-21 May were 18 watering cans from the collection built up over 15 years by John Massey, a senior director of the famous Haws Watering Can Company for over 25 years.
How long will the House and Gardens slump last?
11 June 2003Sotheby’s wait for a change of climate to see prices grow after statuary sale falters: Sotheby's specialist-in-charge of the Sussex garden statuary sales, Rupert van der Werff, believes the most reliable barometer for this area is the housing market. Certainly the well-publicised recession in that overheated area has had a hugely detrimental effect on statuary.
Magic mushrooms bring bidding madness and a £480,000 bill…
21 May 2003Illustrated with 117 detailed watercolours, an account of the different species of Agaric mushrooms growing in the Vienna region, complete with notes on their suitability for eating, was one of two mycological manuscripts in the natural history section of the Sotheby’s sale of May 7 (19.5/10% buyer's premium).
Hungarian silver, Italian marble and Fabergé gold stars of ‘English Country House’
21 May 2003AN ARRAY of elegant objects sold mostly within estimates at the Celebration of the English Country House auction at Sotheby’s New York (20/12% buyer’s premium) on April 30 and May 1.
Sales and costs up in first quarter
20 May 2003IN the week that former chairman Alfred Taubman was finally released from jail, Sotheby’s announced first quarter total revenues of $47.6m, 4.8 per cent up on the same period last year.
Some French things are still popular in New York
13 May 2003THERE was a collective sigh of relief in the New York salerooms last week when, after a long period of uncertainty following the war in Iraq and turmoil in the stockmarkets, both Sotheby’s and Christie’s held impressive Part I Impressionist and Modern sales. Any fears that anti-French feeling would spill over in the salerooms proved unfounded after French artists took the top honours at both houses.
Gubbio vase adds lustre to ceramics sale
02 May 2003Getting Sotheby’s Olympia’s (20/12% buyer’s premium) 288-lot April 2 sale of British and European Ceramics off to a brisk start was a well received section devoted to early Italian maiolica, Dutch Delft and other tin-glazed earthenwares.
Claim form queries
29 April 2003A NUMBER of dealers and collectors have contacted the Antiques Trade Gazette about notifications they have received concerning the settlement of claims relating to the Sotheby’s and Christie’s collusion case.
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