Sotheby's

Luxury goods magnate Bernard Arnault finally abandoned his attempt to compete with Christie’s and Sotheby’s at the top end of the art market last week when he sold his remaining 27.5 per cent stake in troubled auction house Phillips to its joint chief executives Simon de Pury and Daniella Luxembourg.

There was little in the three series of 19th century sales held by Sotheby’s, Christie’s and Finarte-Semenzato in December to get excited about.

FILLED with nearly 200 dazzling images of battles, knights, damsels in distress, tournaments, and castles that represent the finest work of the Rouen illuminators of the early Renaissance and captures all the pageantry and drama of the Hundred Years’ War, the extraordinarily fresh illuminated manuscript of Froissart’s Chronicles that sold for £2.75m at Sotheby’s on December 3 must have been the finest and most profusely illustrated manuscript of that famous work ever made.

A 1467 second edition of the second part of Thomas Aquinas’ Summa theologiae, a massive treatise on moral rather than dogmatic theology that stands as an independent work, was one of the earlier printed highlights of a $4.69m (£2.97m) sale held by Sotheby’s New York on December 13, and once again it was one of a number of lots making a rapid return to the rooms.

Contemporary Decorative Arts, Sotheby’s annual showcase for new craft and design, gets underway for its seventh successive showing next month. For a week from February 13-21, the Bond Street rooms will be given over to the latest in furniture, lighting, ceramics, jewellery, glass, silver and textiles by over 50 designers from round the world, all for sale.

One of the most unusual and interesting pieces in Sotheby’s December 11 sale of Continental furniture was the 19th century English boulle cabinet shown right set with a rare 17th century Dutch mother-of-pearl and hardstone inlaid panel depicting a Vanitas subject.

Peter Waldron, senior silver expert and senior director of Sotheby’s Europe, retired at the end of last year after a 36-year career with the company and 29 years at the rostrum.

Another instalment from the holdings of well-known collector Stanley J. Seeger went under the hammer at Sotheby’s Olympia rooms on December 13. This 352-lot offering, subtitled Out Takes, was a particularly eclectic selection, ranging from contemporary Venetian glass and tribal art to Middle Eastern pottery and Victorian chaises longues.

The Gart der Gesundheit is one of the giants in the field. The most important herbal of the 15th century, it contained the finest illustrations of the incunable period and was unsurpassed until the appearance of the first edition of the Brunfels herbal in 1530.

19th century cameo glass was the strong suit in Sotheby’s sale of European glass from the Hida Takayama Museum of Art in Japan, held in their Bond Street rooms on December 19. Amongst a number of pieces that were particularly keenly contested by the room and the telephones was this 16in (41cm) high Thomas Webb vase which sold to a private buyer for £95,000 (plus 19.5/10% premium) after bidding first from the room then a battle between two telephones.

Sotheby’s claimed a world record price for a printed French book on December 5 when a 1931 edition of Balzac’s Le Chef d’Oeuvre Inconnu, illustrated by Picasso, sold just short of estimate for €550,000 (£353,000).

European Works of Art: There was no real surprise about the star lot in Sotheby’s December 10 works of art sale. The piece that attracted plenty of attention at the pre-sale viewing and made far and away the highest price in the 177-lot gathering was this c.1520-25 terracotta bust of the Virgin and Child by Il Riccio, which, at £3m, singlehandedly accounted for two thirds of the auction’s entire £4.47m total.

Deal clears way for leaseback of building: Sotheby's will be able to clear up to $100m of debt – including their recent $20m European Commission fine – by selling their York Avenue headquarters in New York.

Rubens’ Massacre of the Innocents is to go on public display at the Art Gallery of Ontario in Toronto. Lord Thomson of Fleet, who set a record for an Old Master painting at auction when he paid £45m for the work at Sotheby’s in London in July, announced that the painting would join nearly 2000 other works in his collection at the gallery after it completes a $315m renovation and expansion.

Russian Works of Art: ALTHOUGH like the silver sale that preceded it, the buying mood was selective for the 343 lots of Russian works of art offered by Sotheby’s Olympia on November 21, it still totalled a respectable £684,000 for the 215 lots that changed hands.

The name Stanley J. Seeger will be familiar to many art collectors and auction goers for there have already been no fewer than five auctions of his works of art and pictures since 1993, ranging from 88 works by Picasso sold in New York to Contemporary art in Milan and 18th-20th century British pictures in London.

The market for high-value Victorian pictures took a downturn last week when Christie’s and Sotheby’s Important British Picture sales posted some worryingly high levels of bought-ins.

The upside of Asian art in London is that the volume of sales pulls in all the Asian and international buyers. The downside of this concentration is that scheduling without overlap is difficult and buyers inevitably pick their way through all those goods selectively. Christie’s South Kensington, who fielded a marathon 600-plus lot Chinese auction on November 14, felt both effects.

A private collection of Wood family Staffordshire pearlware figures was the main focus of a sale of British ceramics held by Sotheby’s Olympia on November 19.

Korean Art: IT was the half dozen pieces of Korean works of art that rounded off the Japanese sale at Sotheby’s Olympia rooms on November 11 that provided the auctioneers with their sale highpoint in the form of this painting by Park Sookeun (1914-65), one the country’s most sought-after artists.