UK

Christie’s have announced a number of changes to their South Kensington operation – the first tangible evidence that the London salerooms are reviewing strategy following the downturn witnessed in recent sales.

The 17th century Wittelsbach diamond was bought for £14.6m (plus premium) by dealer Laurence Graff at Christie’s on December 10, beating the previous auction record – the $16.5m paid for a 100 carat rock at Sotheby’s Geneva in 1995.

BY the time sale day came around, Holloways of Banbury knew they had something special on their hands.

THE premises of two London dealers were targeted by thieves over the same weekend at the end of last month.

Shrewsbury auctioneers Halls will have a new format for their weekly sales in the new year.

SO-CALLED castle-top boxes represent a fascinating moment in British social history. Fashioned by the silver ‘toy’ makers of Birmingham, these vinaigrettes and card cases engraved or die-stamped with British landmarks were seemingly marketed as tourist souvenirs.

Recently sold at auction, three examples of the well-known Nelson memorial vinaigrette made by Matthew Linwood of Birmingham in 1805 sold for markedly different prices – and for good reason.

Old Masters provided some solace for the London auction rooms last week, posting the solid totals and some eye-catching prices to suggest this most established of markets will ride the downturn better than its modern counterparts.

In a week that saw the London salerooms offering their traditional December round of Old Master pictures, continental furniture and works of art, one of the strongest prices proved to be the £1m (plus premium) paid for this lively and intriguing 3ft (90cm) high bacchic bronze at Sotheby's on December 2.

BONHAMS have created a department for modern and contemporary South Asian and Middle Eastern art.

Colnaghi-Bernheimer of London and Salomon Lilian of Amsterdam have unveiled a rare religious painting by the Dutch 17th century master Frans Hals.

TRIBAL Art seems to one area bucking the credit crunch at present. Witness this superbly-patinated Shona hardwood headrest that was unearthed by South Down Auctioneers of Midhurst, West Sussex in a local home.

THE discerning collection of Chinese jades, rhinoceros horn, furniture, textiles and paintings assembled 200 years ago by John Reeves has now gone under the hammer.

with buy-in rates exceeding 60 per cent at many sales, Russian Week in London proved this hitherto burgeoning market to be as vulnerable to the economic crisis as any other.

DEALERS in West London were relieved at the decision by Mayor Boris Johnson to abolish the western extension zone of the congestion charge introduced last year by his predecessor Ken Livingstone.

A VOLUNTEER at the Royal Signals Regiment Museum in Blandford, Dorset, has been jailed for 12 months for stealing £33,000 of medals and selling them on eBay.

The collection of national treasure, writer and poet, jazz musician and eco-warrior, but most memorably of all, the Goon and tormented comic genius that was Spike Milligan, brought strong bidding at Bonhams on November 25.

AT the close of this month's Winter Fine Art & Antiques Fair at Olympia there was no doubt that the worldwide banking crisis and now the recession had taken their toll.

TWO of the West Country’s foremost fine art auctioneers, Bearne’s and Hampton & Littlewood, are to merge to become the biggest business of its kind in the South West.

THIS imposing but relatively plain 5ft 6in (1.69m) wide mahogany centre pedestal desk c.1760 was a last-minute entry to Addison's of Barnards Castle fine art and antiques sale on November 15.