Europe

THE French government are so concerned about their dwindling share of the global art market that they have come up with a four-point plan to rescue it. They include a measure that effectively calls for the scrapping of due diligence for auctioneers.

A delegation of 17 members of the Syndicat National des Maison de Ventes Voluntaires (SyMEV, the main body representing French auctioneers) was in England last week for a three-day study tour investigating different aspects of the UK market.

Antiquorum, the world’s leading watch auctioneers, insist it will be “business as usual” following the shock departure this August of the Geneva firm’s charismatic founder, Osvaldo Patrizzi, after a row with Japanese owners Artist House Holdings, who acquired Antiquorum for a reported $30m in 2006.

DUBLIN auctioneers James Adam have negotiated a €3.5m (£2.4m) sale of remarkable papers setting a record for a single transaction of documents relating to the 1916 Easter Rising.

Half-yearly Paris figures to August showed Christie’s consolidating their lead with sales of €100.3m (£67.3m), nearly twice as much as their nearest rivals, ArtCurial.

France’s share of the global auction market fell by 5.8 per cent in 2006, warns the Conseil des Ventes, the national auction watchdog, in its annual report published on June 25. Worldwide auction activity, it says, rose 34 per cent over the same period.

THIRTY-six stallholders from Portobello Road made their way to Madrid at the end of June where the London street market was recreated for a day in the Spanish capital.

Munich auctioneers Hermann Historica are known internationally as experts for arms and armour, medals and historical collectibles rather than tribal art, so they were on unfamiliar territory with lot 3324 in their latest blockbuster sale held from May 2 to 11.

Sotheby’s have opened an office in Moscow and appointed Mikhail Kamensky, a former director and presidential advisor to the Bank of Moscow, as managing director.

Bonhams have become the latest saleroom to open an office in Moscow, a further indication of the growing importance of Russian buyers in the international auction market.

Dublin fine art auctioneers James Adam’s are to join forces with premier bloodstock sales company, Goffs, to host Ireland’s first specialist sporting sale in October.

The Birmingham industrialist and designer Matthew Boulton was the toast of the Paris salerooms last week when this impressive ormolu-mounted fluorspar vase was sold at Drouot Richelieu for €170,000 (£121,430) plus premium.

Sotheby’s – who were outsold by Christie’s in Paris last year three to one – have announced a series of moves designed to reposition their Paris branch as “one of the pillars of the group’s global strategy”.

Scandinavian auction house Bukowskis have a new owner.

There are signs that many other member states are waking up to Britain’s warning of the threat of droit de suite, or the artists’ resale right, to the European art market.

A spectacular sleeper was awoken in Sweden on December 5 when an oil sketch catalogued as in the manner of Peter Paul Rubens sold to a British buyer at SEK16.6m (£1,298,000) amidst speculation it was by the artist himself.

Christie’s confirmed their Paris dominance in 2006 by posting sales of €200.8m (£135m), up 74 per cent on the previous year.

LONDON-based specialist book auctioneers Bloomsbury Auctions enjoyed a successful inaugural sale in Rome on December 6 where a total of €801,000 (£545,000) was realised.

THE British art trade has paid out over £1m since Droit de Suite came into force at the start of the year. Despite some initial bureaucratic difficulties, the Artists’ Resale Right appears to have been implemented more smoothly in Britain than in other European countries.

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