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    Monday, May 24th, 2010

    This mid 18th century Irish parcel gilt library armchair estimated at 25,000-35,000 dollars failed to sell.

    UPDATED

    THIS Irish brass banded mahogany peat bucket made 25,000 at Sotheby’s two-day auction of The Collection of Patricia Kluge at  Albemarle House, Charlottesville, Virginia on Tuesday June 8.  It had been estimated at 10,000-15,000 US dollars.

    An Irish parcel gilt library armchair failed to sell, an Irish mahogany billiard table which had been estimated at 15,000-20,000 made 27,500 dollars and an 18th century inlaid oak octagonal centre table catalogued as possibly Irish made 17,500.

    The first on-site house sale conducted by Sotheby’s in North America in over 20 years drew collectors, interior designers, and dealers from all over the globe. It brought in $15,158,227, exceeding pre-sale expectations of $9/14 million.

    The top selling lot was this Imperial Chinese table clock, Guangzhou Workshops, Qing Dynasty, Qianlong Period, which made $3,778,500, more than three times the high estimate of $1 million and the third highest price achieved for a clock of its type .

    IRISH GLASS AT Althorp Sale

    Saturday, May 22nd, 2010

    A set of four Irish glass table display centrepieces commissioned by the Fifth Earl Spencer when he was Viceroy of Ireland are destined to help pay for the current re-roofing and renovation project at Althorp Estate in Northamptonshire, England.

    The attics, basements and stables of Althorp, ancestral home of the late Princess Diana, are currently being catalogued for three sales of art and antiques this summer. The proceeds will pay for the current re-roofing and renovation project at Althorp Estate.

    The antique Irish glass pieces, which are among a number of Irish lots to have emerged due to the family’s long association with this country, are estimated at 15,000-25,000 pounds sterling.  The sales are expected to make £20 million, of which half will come from the sale of two old masters, a Rubens and a Guernico.

    The Althorp attic sale will take place at Christie’s South Kensington on July 7-8 and is on show from July 3-7.

    The Spencer House sale will take place at Christie’s King Street on July 8. There will be a public exhibition from July 2-8. The old masters and 19th century art evening sale will take place on July 6.

    ART HEIST IN PARIS

    Thursday, May 20th, 2010

    THERE is no open market for the art works by Picasso, Matisse, Braque, Modigliani and Leger  stolen in Paris.  Valued at 100 million euro they are all very well known. They may be ransomed or traded by organised criminals for prices far lower than their market value.

    The paintings were reported missing on May 20 after workers noticed a smashed window as they were opening up the Musee d’Art Moderne located at 11 Avenue du President Wilson in the 16th district. A single masked intruder was caught on a video surveillance camera entering the museum by a window.

    The missing works are Pablo Picasso’s Dove with Green Peas , Henri Matisse’s Pastorale, Georges Braque’s Olive tree near l’Estaque , Amedeo Modigliani’s Woman on the range and Fernand Leger’s Still life with candlesticks.

    CONTEMPORARY ART LATEST

    Thursday, May 13th, 2010

    In New York Sotheby’s evening sale of contemporary art on Wednesday May 12 brought in a total of $189,969,000, well over the pre-sale estimate of $114/162 million. Five new artist records were set and the sale was 94.3% sold by lot. Highlights of the evening were Andy Warhol’s Self Portrait from 1986, which more than doubled the high estimate to sell for $32,562,500 and an Untitled Mark Rothko painting from 1961 which made $31,442,500. Jackson Pollock’s Number 12A, 1948: Yellow, Gray, Black, made $8,762,500.

    At Christie’s in New York on Tuesday evening the collection of late author Michael Crichton realized $93,323,500 (£63,459,980/€ 73,725,565) and sold 100% by lot and by value.  Jasper Johns’ Flag, 1960-1966 made $28,642,500 million (£19,476,900/€ 22,627,575) (estimate: $10 million-$15 million), the highest price ever achieved for a work by Johns at auction.

    The revival in the contemporary art market is demonstrated by the fact that the series of May auctions in New York brought in $592 million, more than 175 per cent higher than the $213 million achieved in May 2009.


    Wednesday, May 12th, 2010

    JEWELS IN GENEVA

    This cushion shaped blue diamond made a world record price in Geneva

    A cushion-shaped fancy intense blue diamond ring weighing 7.64-carats established a new world auction record price per carat for a fancy intense blue diamond at Sotheby’s in Geneva on May 11.

    It made $8 million (6.31 million euro) in a series of three May sales in Geneva which brought in a total of over 42 million euro.

    The total of Sotheby’s worldwide sales of jewels this Spring amounted to $147.7 million or 116.5 million euro. Sotheby’s said there was lively and competitive bidding across the board for top-quality jewels at all price levels – coloured stones, white diamonds, glamorous signed pieces or jewels with historic and noble provenance.

    Collectors and jewellery lovers from all corners of the world were out in force, bringing overall sell through rates of 88% by lot and 97% by value. In addition more than 74% of the lots sold, achieved prices in excess of their high estimate.

    ANTIQUE FURNITURE IN CORK

    This antique side table in the manner of Williams and Gibton failed to sell at Lynes and Lynes in Cork on May 22. It had been estimated at 4,000-6,000

    THE feature lot, an Irish mahogany side table, in the manner of Williams and Gibton of Dublin, failed to sell at the Lynes and Lynes sale on May 22.

    The top lot was a three piece French giltwood suite which made 2,500.

    A pair of Edwardian drawingroom cabinets in mahogany and satinwood, probably made in Dublin, sold for 2,200.

    A Georgian chest of drawers made 700, A butlers tray and base made 340, a cast iron and timber garden seat sold for 260, a two door Georgian wardrobe made 900 and a distinctive set of six Georgian chairs sold for 680.

    The sale of 125 lots was around 65 per cent sold.  Several of the more expensively estimated lots, like a pair of antique giltwood mirrors, failed to find buyers in a market which proved to be tough.


    MIXED BAG AT SOTHEBY’S

    Thursday, May 6th, 2010

    The Gold Turban, Sir John Lavery’s portrait of his wife Hazel sold for 481,250 pounds sterling or just over 566,000 euro at the annual Sotheby’s Irish Sale in London on May 6.

    It was a mixed day for Sotheby’s as just 44 of the 108 lots on offer found buyers.  The highest grossing sale of Irish art so far this year brought in 1.826 million sterling (2,150,950 euros). The sale was 59.3 per cent sold by value. The most expensively estimated pieces sold better than paintings of lower value.

    The biggest problem currently besetting the Irish art market is the difficulty in finding top quality works to sell. Potential sellers are still holding off. There is little problem in finding buyers for museum quality works.

    There was some surprise that a large abstract by Sean Scully, Eriskay, failed to sell but Sotheby’s are confident that they will get this one away very soon. It was estimated at 200,000-300,000. The real problem is at the middle of the market. Sotheby’s had too many mid market pictures on offer this year.

    Louis le Brocquy’s Spanish Shawl, a study in white made 361,250, James Christopher Timbrell’s Carolan, the Irish Bard, exhibited at the Royal Academy in 1844, made 39,000, Roderic O’Conor’s Paysage Ensoleillé made 181,250, A garden in a city at night by Jack B. Yeats made 121,250, The Morning Exercise by Basil Blackshaw made 103,250, White House at the Last Stop by John Shinnors made 37,250 and a watercolour by Harry Kernoff, At the Railway Station, made 54,050. A number of other lots by Kernoff failed to find buyers.

    A view of part of Dublin Bay by Richard Brydges Beechey (1810-1895), exhibited at the Royal Hibernian Academy in 1869, made 43,250 and a pencil drawing of a young girl by Frederic William Burton (1816-1900) made 17,500. Two works by Aloysius O’Kelly made 15,000 and 12,500 respectively but a number of others by the same artist failed to find buyers. Sotheby’s reckoned that they would have readily sold two or three years ago.

    An arresting self portrait in a bear skin by Sean Keating, estimated at 70,000-100,000, failed to sell, as did works by Gerard Dillon and Colin Middleton. At the Pump, an atmospheric oil on canvas by William Conor, made 23,750.  Four bronzes by Edward Delaney failed to sell, as did a photo realist work by John Doherty. Patrick Swift’s Trees with curved roof in background made 20,000 and Course of the Driver I by Hughie O’Donoghue made 31,250.  (Prices in pounds sterling)

    UPDATE:  SEAN SCULLY’S WORK ERISKAY SOLD FOR £193,250 AT SOTHEBY’S CONTEMPORARY ART DAY AUCTION  ON JUNE 30, 2011.  FOR THIS SALE IT WAS ESTIMATED AT £150,000-£200,000.

    NEW WORLD AUCTION RECORD

    Wednesday, May 5th, 2010

    PICASSO'S Nude, Green Leaves and Bust made a new world record for a work of art when it sold at auction in New York on May 4, 2010

    Picasso’s “Nude, Green Leaves and Bust” made $106,482,500 million at Christie’s in New York on Tuesday evening May 4, a new world record for a work of art sold at auction.

    The large-scale painting of Picasso’s mistress Marie-Thérèse Walter was the highlight of a world-class collection assembled by the late Los Angeles art patrons Frances and Sidney Brody.

    The sale is a strong indicator of growing confidence in a recovering art market. Nude, Green Leaves and Bust was estimated at between $70 million and $90 million. The previous record of $104.3 million was set in February by Giacometti’s “Walking Man I” at Sotheby’s in London.

    There were 69 works on offer in this sale and 56 of them found buyers.  The sale total was  $335,548,000  or 258,317,960 euros.

    Some fund managers who specialise in alternative assets have predicted that art prices will rise by about 40 per cent in the next two years.

    Tuesday, May 4th, 2010

    WEBB AT WOODWARDS IN MAY

    THIS landscape by Kenneth Webb is among the lots at Woodwards on May 12 (click on image to enlarge)

    GOOD quality art and furniture features at the Woodwards sale in Cork on Wednesday May 12 at 6 p.m.
    The top art lots are a landscape by Kenneth Webb estimated at
    6,000-7,000 and an archetypal image by Arthur Armstrong estimated at 3,000-4,000.

    The main furniture lots are a pair of Sheraton inlaid demi-lune side
    tables,  a Georgian bureau bookcase, a twin pillar mahogany dining
    table, a Georgian rosewood library table and a Georgian chest on chest all estimated at 2,000-3,000.

    The sale includes 220 lots from five residences in Cork city and west
    Cork. Among the furniture is an Irish Georgian Sheraton inlaid bowfronted sideboard (700 – 1,000), a Georgian inlaid corner display  cabinet (1,500 – 2,000),  a Sheraton secretaire (1,000-2,000),  a Georgian teapoy (700-1,000), a Regency rosewood card table (1,000-1,600), a Georgian kneehole desk (1,000 – 1,500), a Georgian side cabinet (700 – 1,000), a William IV dwarf bookcase (200-300), a Georgian walnut lowboy (500-800), a Georgian linen press (500 -1,000), a pair of Victorian hall chairs (300-500), an inlaid Georgian cellarette (300-500), a Georgian bowfront chest of drawers (600-900) and a rosewood circular dining table (1,000-2,000).

    There is a William Harrington drawing of Cornmarket St., Cork
    (1,000-2,000), as well as works by Robert Ballagh, George Campbell, John Morris and others.

    Viewing is from 2 p.m. to 5 p.m. on Saturday and Sunday May 8 and 9 and  from 10 a.m. to 5 p.m. on Monday, Tuesday and Wednesday, May 10, 11 and 12.

    WHAT PRICE ROMANTIC HIDDEN KERRY?

    Romantic Hidden Kerry by Thomas F. O'Sullivan, published by The Kerryman in 1931

    THE top lot at the Tralee Book Sale on May Bank Holiday Monday was  Romantic Hidden Kerry, by Thomas F. O Sullivan.

    The first edition hardcover published by the Kerryman  in 1931 made a hammer price of  550.

    A leather bound volume entitled “Killarney Legends” edited by T. Crofton Croker Esq. 1831  made 120 plus buyers premium.
    The sale also included some modern signed first editions and Irish language books, postcards, ephemera, medals and militaria.

    The book sale was a new departure for auctioneer Tom O’Connell.  He reports that though the crowds were much smaller than at his regular general auctions there was a good deal of interest over the internet, with internet bidders from all over the country.

    Depending on availability of suitable items he is planning to do this sort of sale, including Irish language books, about three times a year from now on.

    Tuesday, May 4th, 2010

    The first Wednesday of May spring evening sale of Impressionist and Modern Art at Sotheby’s New York brought a total of $195,697,000.

    Forty-three works achieved prices over $1 million, ten works exceeded $5 million, four works brought prices over $10 million, and two works sold for over $15 million. The sale was 87.7% sold by lot and 92.4% sold by value.  Asian buyers took four of the top ten lots.

    Two artist records were set: Isamu Noguchi’s Undine (Nadja) made $4,226,500 and Salvador Dalí’s Spectre du soir sur la plage made $5,682,500.

    The evening’s top price was achieved by Henri Matisse’s spectacular Bouquet pour le quatorze juillet, the artist’s emotional celebration of the first Bastille Day following World War I, which made $28,642,500.

    Wednesday, April 28th, 2010

    SOTHEBY’S IRISH SALE ON MAY 6

    AN important portrait by Sir John Lavery (1856-1941) and undoubtedly the most important early masterpiece by Louis le Brocquy (b. 1916) will headline Sotheby’s annual Irish Sale in London on Thursday, 6 May 2010. Altogether there are 108 lots on offer.

    The Gold Turban by Sir John Lavery (lot 30) is considered one of the finest portraits by the artist of his wife Hazel (1880-1935). Painted in 1929, it is estimated at £400,000-600,000 (€441,000-665,000). The picture showcases the artist’s skilful handling of paint in the sitter’s headwear, luminescent skin and red lipstick.

    TREASURE TROVE ON OFFER IN JUNE

    A landscape by French artist Andre Derain (click on image to enlarge)

    IN 1939, a group of works that belonged to the recently-deceased legendary art dealer Ambroise Vollard was deposited in a bank vault in Paris.

    Forgotten during the war and its aftermath, they remained in the vault for decades. They will finally make their first ever appearance on the market at Sotheby’s in June.   more….

    UPDATE:  André Derain’s Arbres à Collioure sold to an anonymous telephone bidder for £16,281,250, (€19,521,241) having attracted strong bids from a number of potential buyers. This price establishes a new record for this artist as well as a record price for a Fauve painting at auction.

    The remaining 139 Works from the trove achieved €3,554,301 at Sotheby’s Paris on June 29.  There was a record for an etching by Picasso sold in France – €720,750  and a record for an etching by Renoir -€252,750