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    WORLD AUCTION RECORD FOR MING PORCELAIN SET IN HONG KONG

    Wednesday, October 5th, 2011

    This Ming Vase set a world record for any Ming porcelain at auction in Hong Kong. (Click on image to enlarge).

    THERE was a world auction record for Ming Porcelain at Sotheby’s in Hong Kong today.  This outstanding blue and white Imperial Vase, Ming Dynasty, Yongle Period – just less than 15 inches high – sold for HK$168,660,000 / £14,032,792/ US$21,623,077 after a ten minute bidding battle on the telephone.  It was won  by Nicolas Chow, Sotheby’s International Head of Chinese Ceramics and Works of Art, against a Sotheby’s Ceramics Specialist based in Beijing.

    Chinese buyers from around the world competed for 32 important pieces from Sotheby’s sale of Part II of Imperial Chinese Porcelains from the Meiyintang Collection which brought HK$560 million /£46.6 million / US$71.8 million in just over an hour.  Ming porcelain (1368-1644) has been less sought after in latter times than Qing (1644-1911) wares, though it is older. Ming can be less decorative than Qing, and has not quite matched the taste of new buyers from mainland China.

    BOY’S HEAD BY LUCIAN FREUD AT SOTHEBY’S IN OCTOBER

    Monday, September 12th, 2011

    Boy's Head by Lucien Freud. It made £3,177,250.

    Boy’s Head dating from 1952 by Lucian Freud (1922-2011) will headline Sotheby’s Contempoary Art evening auction in London on October 13.  The work, from a seminal early period of the artist’s oeuvre, depicts Charlie Lumley, one of Freud’s most immediately recognisable subjects.

    An oil on canvas, it transmits a remarkable psychological intensity.  From a private collection it is estimated to make £3-4 million.

    UPDATE:  It made £3,177,250.

    GOLCONDA PINK DIAMOND LEADS SOTHEBY’S HONG KONG SALE

    Monday, September 12th, 2011

    Golconda Fancy Vivid Pink Diamond.Jadeite Cabochon and Diamond Necklace (est. $1.1 - 1.5 million)

    A rare Fancy Vivid Pink diamond from Golconda, the earliest known source of diamonds in the world, will lead Sotheby’s sale of Magnificent Jewels and Jadeite in Hong Kong on October 5.  Diamonds from the ancient mine of Golconda include the emerald cut 9.27 carat Golconda Pink, estimated at $13-19 million US dollars. The  Type IIa classification of this stone ranks it among the less than 2% of the world’s gem diamonds virtually free of nitrogen in their chemical composition.

    The 359 lot auction includes rare jewellery associated with the Mogul Kingdom.  It includes diamonds, natural pearls and jadeite of superb quality and is expected to realise around $85 US dollars.

     

    The Golconda Pink went unsold.

    BEST QUARTER RESULTS EVER AT SOTHEBY’S THIS YEAR

    Thursday, August 4th, 2011

    Venetian Guardi achieved an Old Master record. (click on image to enlarge)

    SOTHEBY’S in New York has just announced their best quarter in the company’s history.  Sotheby’s consolidated sales reached a record $3.4 billion in the first half of 2011. For the three and six months to June 30, 2011 net income increased by 48% and  54% to $127.2 million and $129.7 million, respectively, when compared to the prior year. This improvement is principally due to significantly higher auction and private sale commission.

    Competitive pressure to win high value consignments resulted in lower commission margins.  General and administrative expenses increased $7.9 million, or 24%, in  the second quarter and $9.8 million, or 15%, in the first half, largely due to increased consulting fees to develop Sotheby’s strategic initiatives and unfavorable movements in foreign currency exchange rates.

    “This is the best quarter in Sotheby’s history,” said Bill Ruprecht, President and Chief Executive  Officer.  “Great works of art are enormously desirable to collectors from every corner of the world right now….As I look back on these extraordinary six months for our business, the global appeal of art was one of the few constants in a period of  continued economic uncertainty”.  He said that an exciting fall season is already taking shape: “Clients around the world can expect a number of wonderful sales and objects at Sotheby’s this autumn”.
    London sales included tremendous successes.  Contemporary art surpassed the high estimates. Egon Schiele’s Hauser mit bunter Waesche (Vorstadt II) made $40 million, almost double the previous auction record for the artist and  Guardi’s Venice, a View of the Rialto Bridge, Looking North, from the Fondamenta del Carbon, made $42.9 million, the second highest price ever achieved for an Old Master Painting.  (See antiquesandartireland.com post for July 6)

    MAGNIFICENT PIECES FROM THE SAFRA COLLECTIONS

    Friday, July 29th, 2011
    The French commode and Russian vases pictured below will feature at the four day sale of  the Lily and Edmond J. Safra Collections  at Sotheby’s in New York in October.  Of interest to connoisseurs worldwide the sale offers lots that Sotheby’s say are at the pinnacle of their respective collecting categories.
    The six dedicated sales of the collection from October 18-21 are expected to realise more than $40 million.  A two day sale of the Safra collections at Sotheby’s in 2005 brought in $49 million.
    UPDATE:  The group of French 18th century lacquer furniture headed by the lacquer commode pictured which made $6,914,500 brought in a total of $12.5 million.  The four day sale realised $45,900,064.
    (See antiquesandartireland.com post for July 10, 2011.)

    A pair of Imperial Porcelain Vases, decorated with portraits of Alexandra Fedorovna and her father, King Friedrich Wilhelm III of Prussia, after the portrait by Franz Krüger now in the 1812 Gallery of the Hermitage (est. $1.5/2.5 million). (Click on image to enlarge). UPDATE: THESE WERE UNSOLD.

    A Louis XVI Ormolu-Mounted Japanese lacquer commode with secretaire en suite, attributed to Adam Weisweiler (est. $5/7 million). (Click on image to enlarge).  UPDATE: THIS SOLD FOR $6,914,500


    RARE STAMPS FROM STEINBERG COLLECTION AT SOTHEBY’S

    Wednesday, July 27th, 2011

    Australia Kangaroo issue, 1913-14. (est. £15,000-20,000)(click on image to enlarge)

    RARE stamps of distinction will come under the hammer at Sotheby’s next September. The Philatelic Collection of the Northern Irish peer Lord Steinberg is unique as it contains only mint blocks of four or larger multiples from 74 countries of the British Empire. Highlights include Australia with many rare Kangeroo blocks; the British Solomon Islands block; classic Ceylon; Falkland Islands with the 1933 Centenary set in marginal blocks of four; Hong Kong; India; Newfoundland with the unique 1927 De Pinedo airmail block of four and the 1932 DO-X airmail block of four with the surcharge inverted, and a selection of Rhodesian Double Head issues.

    They will be offered in a series of sales on September 6-8 and on September 21.  The three day sale is of British Empire multiples, the sale on September 21 will feature Great Britain exclusively.  Altogether 2,068 blocks will be offered in a sale expected to realise £4 million.

    Lord Steinberg was the grandson of immigrants who turned a single unlicensed betting shop at the back of his father’s Belfast milk counter into the Stanley Leisure Group, a chain of 640 betting outlets and 45 casinos which employed 7,000 people. He became a peer, deputy treasurer of the Conservative Party and president of Lancashire County Cricket Club.  The business was founded in Belfast in 1958, but Steinberg moved to Liverpool in 1977 when he refused to pay protection money to either republican or loyalist paramilitaries. He was shot in 1977 by the Provisional IRA.  Proceeds are for causes and charities associated with Lord Steinberg, who died in 2009. This includes the fund he started with the aim of helping to rebuild Old Trafford, home of Lancashire County Cricket Club.
    UPDATE:  The four day sale brought in £2,648,652, the one day auction comprised of Great Britain Mint Multiples realised £1,134,924.

    Hong Kong 1863-71 at 30 cents. (est. £10,000-12,000) (Click on image to enlarge)

     

     

     

     

     

     

    1840 1d. black. (est. £150,000-250,000)  (click on image to enlarge)  UPDATE: This sold for 

    £180,000

     


    ALDOURIE CASTLE WINS RESTORATION AWARD

    Sunday, July 24th, 2011

    Aldourie Castle. (Click on image to enlarge).

    Aldourie Castle, on the southern shore of Loch Ness, near Inverness is the winner of the Historic Houses Association (HHA) and Sotheby’s Restoration Award for 2011. The restoration work has included the remodelling of 57 rooms, furnished with over 2000 works of art, and the replacement and repair of 172 windows. The aim of the restoration was to ensure its revival as an important historic Grade A Listed building.  The restoration included the castle, the formal gardens and the mature woodlands at this Scottish baronial castle and estate.

    Aldourie Castle was bought by Roger Tempest in 2004 and the restoration work began in 2007.  The interiors, which were allowed to develop as the project progressed, are ornamented with recently-acquired Old Master and British paintings, a specially-commissioned chandelier from Murano in Italy and curtains of Rubelli Silk.
    The HHA/Sotheby’s Restoration Award was launched in 2008.  Projects are judged on the way they respect the historic quality of the building and must have been completed within the last two years.  They must be must also be readily accessible to the public for at least 25 days a year or to groups by appointment.

    The Red Drawing Room before restoration. (Click to enlarge)

    The Red Drawing Room after restoration. (Click to enlarge).

    Lady Gray Bedroom before restoration.

    Lady Gray Bedroom after restoration.

    ZAMBIAN EMERALDS FOR ASIAN ELEPHANTS

    Thursday, July 21st, 2011

    SAWANSUKHA JEWELLERS ZAMBIAN EMERALD NECKLACE. (Click on image to enlarge). Copyright Sotheby's.

    A collection of bespoke Zambian emerald jewellery is to be auctioned to protect the Asian elephant.  Sotheby’s will conduct the sale on October 14, 2011 at the Taj Mahal Hotel in Mumbai.  Sponsors are the World Land Trust and ethical coloured gemstones mining company, Gemfields, together with Jaguar Land Rover and the Gemological Institute of America (GIA India).  Gemfields has picked ten leading jewellers from around India to create a one-of-a-kind piece or set of jewellery, incorporating Zambian emeralds.  The jewellers are Abaran Jewellers (Bangalore), Anmol Jewellers (Mumbai), Gem Palace (Jaipur), Khanna Jewellers (New Delhi), Meena Jewellers(Hyderabad), Narayan Jewellers (Baroda), Nirav Modi (Mumbai), Sawansukha Jewellers (Kolkata), Talwarsons Jewellers (Chandigarh) and Vummidi Bangaru Jewellers (Chennai).

    The aim of the charity auction is to create awareness and raise crucial funds for the conservation initiatives of Wildlife Trust of India (WTI) for the Asian Elephant in India. Auctioneer Lord Poltimore, deputy chairman of Sotheby’s Europe, said: “Sotheby’s is delighted to be supporting ‘Emeralds for Elephants’ charity auction in Mumbai this coming October, which will generate much-needed funds for the protection of the Asian Elephant. The combination of jewellers and gemstones has resulted in some truly magnificent jewellery pieces of outstanding workmanship, inspired by the very cause they will be sold to benefit. We very much look forward to playing a modest role in raising funds for this worthy cause.”
    The sale follows the success of ‘Emeralds for Elephants’ in London in the summer of 2010.

    KLIMT MASTERPIECE AT SOTHEBY’S, NEW YORK

    Friday, July 15th, 2011

    Klimt masterpiece Litzlberg am Attersee (Litzlberg on the Attersee) at Sotheby's in New York. (Click on image to enlarge) UPDATE: IT MADE $40.4 MILLION.

    Gustav Klimt’s masterpiece Litzlberg am Attersee (Litzlberg on the Attersee) promises to be an important highlight of Sotheby’s Impressionist and Modern evening sale in New York next November 2.  It is a dramatic view of the lush environs of Lake Attersee in western Austria.  Painted with Klimt’s sumptuous palette and jewel-like surface it is estimated to make more than $25 million.

    Klimt’s Kirche in Cassone (Landschaft mit Zypressen) (Church in Cassone – Landscape with Cypresses) made an auction record for a landscape by the artist when it sold for  £26.9 million ($43.2 million) at Sotheby’s London in February 2010.
    Both paintings were originally in the collection of Austrian iron magnate Viktor Zuckerkandl and his wife Paula.  They were stolen after the annexation of Austria in 1938. Each has been restituted to Georges Jorisch, great-nephew of Viktor, after intensive research revealed that his memory of the works hanging in the family’s home in Purkersdorf was correct. Litzlberg am Attersee was returned to Mr. Jorisch late last week from the Museum der Moderne Salzburg. A portion of the proceeds from its sale will be donated to that museum for the building of a new extension.

    SAFRA SALE AT SOTHEBY’S OFFERS REMARKABLE OPPORTUNITIES

    Sunday, July 10th, 2011

    This masterpiece of English Rococo, the Burghley Epergne, was created for the 9th Earl of Exeter. It is estimated at $800,000/1.2 million. (Click on image to enlarge) UPDATE: THIS SOLD FOR $950,500.

    The four day sale of  the Lily and Edmond J. Safra Collections  at Sotheby’s in New York in October offers remarkable opportunities to collectors around the world.  Sotheby’s say that the six dedicated sales from October 18-21 represent the pinnacle of their respective collecting categories.

    The sales are as follows: Magnificent European Furniture & Works of Art, led by an extraordinary group of French 18th-century lacquer, arguably is the most important at auction since the 1882 sale of the Collection of the 12th Duke of Hamilton from Hamilton Palace, Scotland; Important Russian Works of Art comprised of over 100 lots of fine and important Russian porcelains, silver, enamels and other objects; Highly Important Silver, including a stunning assemblage of primarily English and French creations from the mid-18th to the early-19th centuries; Important Cosway Bindings, comprised of a magnificent group of approximately 180 Cosway bindings, the finest collection to be sold at auction in nearly 90 years; Interiors: Fine 19th Century Watercolors, presenting a collection of over 100 interior paintings, many of which document the great estates of wealthy patrons and sumptuous palaces of royalty;  European Furniture, Fine & Decorative Arts, led by a large group of 18th-century Meissen porcelain figures of birds, as well as a significant collection of extremely fine and rare ‘tour de force’ turned ivory carvings.

    Cosway binding by Riviere & Sons Concerning the True Portraiture of Mary Queen of Scots by Joshua James Foster. The cover is inset with 13 miniature portraits of Mary Stuart and François II, almost certainly painted by Miss C. B. Currie ($40/60,000). (Click to enlarge) UPDATE: THIS SOLD FOR $50,000.

    Mr. and Mrs. Safra’s collections offer unparalleled opportunities for connoisseurs worldwide. The full sale, which is estimated in excess of $40 million, will be on exhibition throughout Sotheby’s York Avenue headquarters beginning 14 October.   A two day sale of the Safra Collections at Sotheby’s in 2005 realised  $49 million.
    Born in Beirut to a family that started in banking at the time of the Ottoman Empire Edmond Safra built a business that spanned more than thirty countries across the globe. A victim of arson at his home in Monaco, he died in 1999.  He was an extraordinary philanthropist who supported tens of thousands of students, underwrote medical research, built and restored schools and synagogues, endowed professorships, and contributed to countless humanitarian, religious, educational, and cultural causes worldwide. Since 1999 Lily Safra has chaired the Edmond J. Safra Philanthropic Foundation. Both personally and through the Foundation, she supports research into neurodegenerative diseases, particularly Alzheimer’s and Parkinson’s, at dozens of hospitals and universities worldwide