Auctioneers

DESPITE falling stocks, banks freezing and now top-end contemporary art taking a tumble, Samuel John Peploe's (1871-1935) Roses sold at £440,000 hammer to a UK private buyer at Christie's Scottish art sale in Edinburgh. With premium included, this was a record for a Scottish Colourist, although not a hammer record.

BONHAMS announced last week that all their businesses worldwide would now be subject to external regulation by the Royal Institution of Chartered Surveyors. Chairman Robert Brooks, who has consistently called for greater transparency in the auction system, explained why they had chosen to become a firm “regulated by RICS”.

THE balloon-like market for contemporary art lost much of its air last week as both the Frieze Art Fair and its related auctions suffered the full force of the global economic crisis.

THE contemporary art downturn had a tangible effect on the market for urban art as the sales staged in London by Bonhams in New Bond Street on October 23 and Dreweatts in Shoreditch on October 14 witnessed greater selectivity amongst buyers.

Edinburgh-based auctioneers Lyon & Turnbull have taken the decision to restructure their operation in the South of England. While the London office will continue as before, they have parted company with three members of staff.

An American collector has filed two lawsuits against Sotheby's, alleging they concealed a financial interest in and inflated the price for an Edward Hicks' Peaceable Kingdom that he bought in May for almost $10m.

Offered at Lawrences of Crewkerne on October 16, this Ming dynasty blue and white brushwasher has Xuande (1425-1435) character marks and is of the period.

Reports of the vast sums of money lost by some Russian oligarchs in the recent financial crisis did not appear to hamper enthusiasm for a collection of Russian cloisonné sold at Freeman’s in Philadelphia on October 8.

Staffordshire auctioneers Cuttlestones have announced that they will not be selling any lots consigned by troubled West Midlands auctioneers Walker Barnett & Hill until further notice.

A Bank of England £1m Treasury note sold at Spink on October 1 for £68,000.

Sotheby’s have announced that they are to open an office in Doha and are planning a series of auctions in the Qatari capital in early 2009.

As the US and European governments infused billions into their banking systems, Christie’s have changed their approach to credit. Dealers who were previously allowed several weeks to pay for items after collection have now been informed they must pay before receipt of their goods.

The Moscow-based luxury retail giant Mercury Group have bought a majority stake in the London-based international auctioneers Phillips de Pury & Company. Phillips de Pury said that Mercury initially offered a possible partnership in July last year, but the deal developed into an effective takeover last week.

WHETHER or not the art market will be able to steer its way through the current financial storm remains an open question. But providing some relief from the constant talk of falling stocks and the global credit crunch, a pair of Dutch marine pictures saw some strong bidding at the latest picture sale held by Woolley and Wallis on October 8.

It proved, as predicted, to be the highest priced item in London Islamic week sales, but the Fatimid rock crystal ewer did not generate quite the fireworks that were expected before it came up for sale at Christie's on October 7.

Royal Worcester porcelain is one of those collecting areas which is plentiful enough in its many different ornamental styles to support a wide collecting base. There are buyers for all the different forms, from George Owen’s scarce reticulated vases to Doris Lindner’s equestrian models.

BOOKS being used in their physical form alone to disguise an entirely different function are nothing new – money boxes are a perennial favourite – but the book as Thunderbox?

THIS extremely rare 18th Century Khyber knife was the highlight of the London sale conducted by Norfolk-based sporting gun specialist Holts, where it sold for a surprise £38,000.

THE question of authenticity remains high on the agenda in the Banksy market after a last-minute intervention by the self-styled guerrilla artist had a devastating effect on Lyon & Turnbull’s latest attempt to break into the London contemporary art market.

J.P. Humbert opened their new saleroom in Towcester on September 25. After five years at a site on Burcote Road site they can now be found in a 4000 sq ft premises on the Silverstone Business Park situated off the A43.