The BVLGARI Blue diamond sets a World Record price
Amongst the notable lots was a pair of imperial topaz, ruby and diamond ear pendants, by JAR, which had previously been the property of actress Ellen Barkin. Listed at $300,000-$500,000they left the stage for $650,500. They were surpassed, however, by three Harry Winston works and a remarkable blue diamond. The three pieces by 'The King of Diamonds' Harry Winston all matched or exceeded expectations: The 1962 Diamond "Holly Wreath" Necklace, sold for $1,202,500 to a US trader, squeaking past its $800,000-1,200,000 estimate. Two Harry Winston diamond rings: a pear-shaped D colour, VS1 diamond ring of 17.86 carats and a rectangular-cut D color, potentially flawless diamond ring had been estimated at $1.5m-$2m each. They sold for an impressive $1,818,500 (to a private US bidder) and $2,154,500 (to a private Asian bidder) respectively. The top lot, however, was The BVLGARI Blue, a two-stone ring featuring a rare Fancy Vivid Blue diamond of 10.95 carats. It is the largest triangular-shaped Fancy Vivid blue diamond ever to appear at auction, and sold for $15,762,500 (£10,039,808 or €11,339,928) - making it the top jewel sold at auction thus far in 2010. The ring sold at the grand finale of the 450-lot sale, at a staggering $1.4 million per carat - setting a new world record price per carat for a blue diamond at auction. A delighted Rahul Kadakia, Head of Jewelry for Christie's Americas commented: "A world record price was achieved on October 20 for The BVLGARI Blue, a much-celebrated stone that came up for sale at Christie's for the first time in almost 40 years. " It had been purchased at the BVLGARI boutique in Rome in 1972 for just $1 million - the equivalent of about $5 million today. With a sold price of $15.7 million, the stone tripled its value in that time, demonstrating the incredible resilience of diamonds in today's volatile economic environment and the true, lasting value of fine jewelry." Source: Paul Fraser Collectibles
World auction record broken for 1966 world cup winner’s medal
THE 1966 World Cup medal belonging to Nobby Stiles has broken the world auction record selling for a staggering £184,000 – helping him net almost half a million pounds in sales. The actual hammer price for Nobby’s prized World Cup medal was £160,000 but increases to £184,000 with the auctioneer’s fee and a staggering £188,200 by the time VAT is added onto the final bill. This meant that it broke the previous record of £164,000 which Alan Ball’s went for in 2006. The medal was sold in Edinburgh yesterday (wed) along with other memorabilia from the 68-year-old’s career including his 1968 European Cup medal while the sports legend was out shopping for footwear. The total for all 45 lots tipped the scale at £424,438 – above the estimated £350,000. Ten lots, including the sought-after World Cup medal, were bought by the Manchester United Football Club museum. Some of Nobby’s family were at the Convery auction house to see the precious items go under the hammer. One of his sons, John Stiles, 46, ran outside to phone his dad as soon as the lots were finished. He said: “My mum and dad aren’t in the house – they are away shopping for shoes. “I think that we are pleased. “We didn’t know what to expect but we knew that we had a decent bit of interest in the World Cup medal. “It is tinged with a little bit of sadness but at some stage it was inevitable. “In a perfect world we wouldn’t have sold them but my Dad had a little turn in the summer. “He has got the memories. He enjoyed his career and played with great players. “He still sees some that he used to play with including Bobby Charlton and you can’t take that away.” Mr Stiles admitted that his dad isn’t one for showing off which is one of the reasons for selling the items. He said:”He never had any of the medals or football tops on show. “My dad doesn’t even like to ask for tickets to go to Old Trafford. “We have kept a few bits and bobs but nothing of major significance.” The auction played host to a number of other sporting collectables but when it was time for the Nobby Stiles collection the whole room sat up. Interest in the lots stretched far and wide including Australia and Chile. Nobby is one of only three Englishmen to have won both the World Cup and European Cup in his career, along with Bobby Charlton and Ian Callaghan which is what sparked a lot of interest. The hammer fell at £48,300 for the 1968 European Cup medal which also went to the Manchester United club museum. Mark Wylie, the museum’s curator, said: “Manchester United decided to buy the items because he is officially a club legend. “He is part of the club legends section that we have within the museum along with George Best and Bobby Charlton. “We wanted to make sure that he was represented. “He is one of those iconic players.” The museum narrowly missed out on a few of the lots including Nobby’s European Cup final shirt which sold for £29,900 but Mr Wylie said that they had a few figures in mind that they had to stick to. He added: “I would have liked to have got the two championship medals. “I hope the fans will be pleased. “We will get all of the items on display as soon as possible.” A raging phone bid war started over Alan Ball’s 1966 World Cup Final shirt which was gained by Nobby Stiles as a swap after the match. The European Cup shirt with fees and VAT sold for £49,402 and the famous World Cup jersey cost the winning bidder £51,755. Source: Deadline Scotland Find sporting memorabilia at UK auctions on www.ukauctioneers.com
First edition of Jane Austen’s Pride and Prejudice fetches £140,000 at auction
A first edition of Jane Austen’s Pride and Prejudice has fetched a record £139,250 at auction, more than 150,000 times its original price. When it was first published in three volumes in 1813, it cost 18 shillings – just 90 pence in today’s money. The romantic masterpiece, whose heroine Elizabeth Bennet falls for the dashing Mr Darcy, has since sold more than 20million copies worldwide. The book was among 149 volumes sold by Sotheby’s in London for an anonymous 75-year-old collector, raising more than £3.1million. The top lot was a signed first edition of A Christmas Carol by Charles Dickens, which went for £181,250. An 1847 first edition of Emily Bronte’s Wuthering Heights fetched £163,250, more than double its pre-sale estimate. A collection of poems by William Shakespeare published in 1640 sold for £135,250 and Charles Darwin’s On The Origin Of The Species fetched £127,250. A 1922 edition of Ulysses by James Joyce went for £121,250 and Mary Shelley’s Frankenstein from 1818 fetched £115,250. Sotheby’s Peter Selley said it took the wealthy collector 45 years to amass his ‘extraordinary library’. He said: ‘The quality drew bids from around the world.’ See antique books for auction on www.ukauctioneers.com Source: Daily Mail
Best’s legacy is sold for £250,000
It represented the pinnacle of his playing career and symbolised one of football’s most cherished moments. But George Best’s European Cup winner’s medal from the glory days of 1968 went under the hammer with a treasure trove of memorabilia yesterday for a total of just £250,000 – precisely the same as Wayne Rooney could rake in for a week. The obscene gulf between Best’s legacy and the salary his 21st century Manchester United successor is currently demanding was underlined yesterday at an auction of some of his prized possessions. Chief among them was the medal that recalled United’s 4-1 defeat of Benfica at Wembley, Best scoring one of the goals that made them the first English team to win the cup. It fetched £156,000, by far the most expensive of the main 11 items sold, and was bought by an anonymous bidder. The items – together with others in separate lots – effectively chronicled the story of the teenager from an Ulster council estate who rose to become the most gifted player the British Isles has produced. But despite earning millions, his lifetime income – even taking inflation into account – will never match Rooney’s. Best, whose glittering career was ruined by drink, was nicknamed the fifth Beatle for his Swinging Sixties lifestyle and pop-star good looks. ‘I spent a lot of money on booze, birds and fast cars,’ he said. ‘The rest I just squandered.’ When he died five years ago at 59, his £525,000 estate was all but wiped out by debt. Yesterday’s sale by Bonhams in Chester was held to raise cash to pay creditors. Best’s brother-in-law Norman McNarry said he and his wife Barbara were ‘devastated’ the memorabilia had to be sold. Source: Daily Mail Find more sporting memorabilia at UK auctions on www.ukauctioneers.com
Buyers are flocking to art and antiques auctions as they search for good returns on their investments
Nearly two-thirds of surveyors reported a rise in the number of people going to auctions in the last three months. Consumers saw art as a tangible asset which performed better than other forms of investment, the Royal Institution of Chartered Surveyors (Rics) said. But this popularity has pushed up prices, especially of precious metals. Rics surveyed 54 members who specialise in the art market. Some 26% more surveyors reported a rise in art and antique prices in the third quarter of the year than said prices were falling. That compared to a positive balance of 24% during the previous three months, the Rics survey showed. "The UK art and antiques market is buoyant at the moment as buyers continue to invest in material assets during uncertain economic times," said Rics chief economist Simon Rubinsohn. The survey showed that prices of artwork have been rising for seven quarters in a row. Earlier this month a work by Damien Hirst - I am Become Death, Shatterer of Worlds - created entirely from thousands of butterfly wings fetched £2.2m at an auction in London. However, it is artwork in the £1,000 to £5,000 bracket that has seen the fastest price rises. Silver and jewellery remains among the most sought after items among investors. Art is clearly being seen by some as a good hedge against the unknown” In general, surveyors have predicted that demand will outstrip supply in the next 12 months. Low interest rates for savers, and a plateau in the housing market has led to many investors looking elsewhere for a successful slot for their nest-egg. A spokesman for Bonhams auction house said it was having a "phenomenal year" with strength across the market including more affordable works. He added that they had not predicted this demand, which had been inflated by buyers from emerging economies across the world. "In a period of flat growth with uncertainty over whether we will see inflation or indeed deflation, and continued fluctuations in currencies, art is clearly being seen by some as a good hedge against the unknown," said a recent report by Bonhams on the art market. "In essence, however, collectors' motives for buying art remain unchanged - a heady mix of speculation and passion." Visitor numbers have also been rising in recent years at the Affordable Art Fair in London, according to a spokesman. The event, which runs until Sunday, has contemporary work on sale that costs less than £3,000. However, the Rics survey suggests that contemporary art is the worst-performing sector. Source: BBC News There are plenty of antiques to invest in at UK auctions on www.ukauctioneers.com
ADAM PARTRIDGE TO SELL ‘LOWRY’ AT CENTRE OF £1 MILLION LORD WINDSOR ART FRAUD
£330,000 Delaney street scene now valued at £5,000-10,000 in October 28 sale The fake Lowry at the centre of a £1 million art fraud that landed Maurice “Lord Windsor” Taylor in jail has been seized by police and is heading to auction to help pay his victims compensation. Once sold for £330,000, it is now valued at just £5,000-10,000. Cheshire fine art and antiques auctioneer Adam Partridge will sell the painting on Thursday October 28, together with two genuine Lowrys and other art works, taken from Taylor’s sprawling mansion, Brownlow Hall, near Congleton. The seized property, to be sold without reserve, is expected to raise around £50,000-70,000, some way short of the £1.2 million Taylor needs to raise to save himself from being sent back to prison to serve a 10-year sentence. In March 2009, Chester Crown Court was told that Taylor, 62, dubbed “Lord Fraud”, had tricked an art dealer into buying the “Lowry” for £330,000 in a meeting at his room at London’s Ritz Hotel. Taylor had persuaded Bonhams auctioneers that the picture had come from a Manchester industrialist’s collection and was genuine. They had given Taylor a £600,000 insurance valuation on the painting, which he used to dupe David Smith, managing director of Lowry specialist dealers Neptune Fine Arts in Belper, Derbyshire, into buying it. Mr Smith, who never took possession of the painting, learned it was a fake in late 2007, after he had already made a down payment of £230,000. The picture, which is signed and dated “L S Lowry, 1964” was, in fact, by the Manchester artist Arthur Delaney (1927-1987) a follower of Lowry, painted in homage to his friend and mentor and not intended to deceive. Taylor purchased it, knowing it was a fake, in 2004 for £7,500. Despite being signed and bearing an inscription on the reverse which reads: "People and Mills - LS Lowry Purchased From The Artist 1909”, experts said Mill Street Scene, an oil on board of a snowy cityscape with Lowry’s trademark matchstick figures, lacked fluidity, while its muddy skies and its lampposts picked out in red were wrong. Taylor was sentenced to three years’ imprisonment after denying six counts of fraud and one of forging an invoice to cover his tracks. He was subsequently ordered to pay back £1,157,300, which included the £230,000 to Mr Smith and £8,000 prosecution costs. If he fails to do so, he faces a further 10 years in prison. Arthur McEvoy Delaney (1927-1987) was born in the All Saints district of Manchester into a theatrical family, his mother being a dancer and his father the famous comedian Frank Randle, a contemporary of George Formby and Gracie Fields. Randle appeared at many local music halls and he had a notorious reputation. The police were sometimes required to ban his bawdy act and he had a habit of throwing his false teeth into the audience. Young Arthur was born out of wedlock and the boy had a difficult childhood. After very little schooling, he started work aged of 13 in a Manchester textile design studio and remained there all his working life, retiring after 32 years. He married his childhood sweetheart and the couple had four children. He started to paint as a hobby with no desire to turn professional. However, he held a highly successful one-man show at the Tib Lane Gallery in Manchester in 1974, when all his pictures sold within an hour of the preview opening. He and Lowry were great friends and Lowry was Delaney’s mentor. Delaney went on to exhibit at the Royal Academy and his works continued to sell well, many as limited edition prints. The genuine Lowrys are pencil drawings with unquestionable provenance. "St Luke's Church", was previously accompanied by a letter from Lindsay Brooks, head of galleries at The Lowry Centre, dated 13th March 2006 stating that in her opinion and in the opinion of Mike Leber (former director of Salford Museum and Art Gallery), Judith Sandling (former curator of The Lowry Collection, Salford Art Gallery) and David Alston (former director of galleries at The Lowry), the picture is by LS Lowry. It is estimated at £5,000-7,000, while a study of a male nude, signed with initials and dated 1916, is estimated at £2,000-3,000. The drawing was previously sold at Phillips North West on March 26, 1992, and prior to that at Sotheby's in Chester in March 1991, where it was listed in a group lot with provenance from Emmanuel Levy. Both works were previously with Manchester dealers Grove Fine Art. Also from Taylor’s collection are two oils by Robert Oscar Lenkiewicz: “The Painter with Karen Ciambriello, Project 18", estimate £3,000 to £5,000 and "Elaine Armstrong, three-quarter length, naked", estimate £2,000-4,000. The latter, an oil on board, was in the Lenkiewicz Studio Sale conducted by Bearne's of Exeter on October 23, 2004. Taylor, a self-styled lord of the manor, purchased the title “Lord Taylor Windsor” on the internet for £1,000 alongside an estate in Devon – which covers just eight square inches. An assessment of his wealth revealed that for many years he had led an extravagant lifestyle, fuelled by the profits of fraud. He had purchased lavish Cheshire homes worth over £3 million, drove top-of-the range Bentley and Range Rover cars, and regularly placed large cash deposits into his accounts. The court heard that more than £6 million had passed through his accounts, which he could not explain. Most if his assets had been spent and those remaining may only just cover the repayment. Detective Inspector Terry Tinsley of the police Economic Crime Unit said: “The audacity of Maurice Taylor is staggering. He led a life of luxury, borne out of the exploitation of others by dealing in fake paintings. Now he is faced with the harsh reality that he must repay over £1 million and literally pay the price for his criminality and life of luxury.” Click here for the complete sale catalogue
Rhinos Raise thousands at charity auction
The rhinos really made a stir at Chester Racecourse last week, pictured above are the six rhinos that raised the most cash for charity and have now gone to new homes! Clockwise from top left: Elvis - the rhinestone rhino.£6,200 Regal Rhino – the king of the trail £2,600 Maximus Rhinoceros – A real Roman rhino £4,800 Rhino Romano – the most photographed on the trail £3,500 Hally –the blackest of the rhinos £2,600 Rhino Mosaica – a glimmering head turner £3,200 For full sale results, visit our Sales Results page
Exquisite pink diamond expected to make £24 million
The beautiful pink diamond Sotheby’s has announced that it is preparing to sell what it calls “one of the most important and beautiful gemstones ever to come up for auction”. At a sale in Geneva, Sotheby’s will present a rare emerald-cut 24.78ct fancy intense pink diamond that once belonged to Harry Winston. The diamond, which has been set into a ring, is a member of the rare and coveted type IIa classification that applies to less than 2 percent of all of the world’s gem diamonds. The Gemmological Institute of America has graded the stone and found it to be VVS2 clarity, and said that the stone may well be internally flawless after repolishing. David Bennett, chairman of Sotheby’s international jewellery department in Europe and the Middle East, said: "During my 35-year career at Sotheby’s I have had the opportunity to examine many magnificent and rare gemstones and, put simply, this stone is one of the most desirable diamonds I have ever seen.What makes it so immensely rare is the combination of its exceptional colour and purity with the classic emerald-cut; a style of cutting normally associated with white diamonds and one that is so highly sought-after when found in rare colours such as pink and blue. The stone’s character is further enhanced by the gently rounded corners which impart a unique softness and charm to this truly outstanding gemstone.” Sotheby’s has given the pink diamond a pre-sale estimate of CHF27 million to CHF38 million (£17.5 million to £24.7 million). Its appearance at auction, courtesy of a private collection, will be the first time the stone has been on the open market since it was purchased 60 years ago from renowned jeweller Harry Winston. The diamond will be shown at exhibitions in Hong Kong, the Middle East, London, New York and Geneva in the weeks leading up to the sale, which will take place in Geneva on November 16. Find more affordable diamonds at uk auction on www.ukauctioneers.com Source: www.professionaljeweller.com
Henri Matisse Bronze could fetch $35 million
A life-size bronze sculpture by Henri Matisse could fetch up to $35m (£22m) when it goes up for auction next month. The work, titled Back IV (Nu de Dos, 4eme etat), will be on offer at Christie's in New York on 3 November. Owned by an anonymous private collector, it has never been sold at auction before. Conor Jordan, head of impressionist and modern art at Christie's America, said it was a "milestone in the evolution of modernist style". "Conceived on an epic scale, Back IV is a powerfully reductive expression of the human form," he added. Picasso record The sculpture is from a series of four that Jordan described as the artist's most ambitious project. "We expect tremendous enthusiasm from collectors around the world who will recognise this superb bronze as one of the most important sculptural achievements of the 20th century," said Jordan. There were 12 bronzes produced of each piece in the series. Among the 12 Back IV works created, all but two are in museum collections including London's Tate Modern, the Pompidou Centre in Paris and the Museum of Modern Art in New York. Earlier this year, Christie's sold the most expensive work ever auctioned, Pablo Picasso's Nude, Green Leaves and Bust, which made $106.5m (£70m). Source; Daily Mail
Tiny Chinese jade treasures packed away in hallway cupboard auctioned off for a staggering £1.5 MILLION at UK auction
A menagerie of tiny animal ornaments kept in a cardboard box in a hall cupboard for years created a bidding frenzy when they went for auction and sold for a staggering £1.5 million. And a small wooden carving stored in the the same box went for £380,000 as it was proved to once belong to Chinese emperor Qianlong 240 years ago. In all the sale of more than 1,500 items from the home of antique enthusiasts Tim and Fran Lewis fetched more than £4 million. But it was their collection of about 50 pieces of jade amassed over decades and stored in two boxes in a hallway cupboard for the last ten years that set the auction alight. The tiny jade and wood ornament once owned by Chinese emperor Quianlong that was found in a dusty box and fetched £380,000 Mrs Lewis recently emigrated following the death of her husband earlier this year and she instructed that a whole host of antiques be sold off. The jade items were unearthed by their housekeeper who showed them to an auctioneer during a valuation visit at the property in Dorset. They were found to date back to between 250 to 800 years and were from Imperial China. As a result the country auctioneers were besieged by millionaire bidders from the Far East, both over the phone and in the room. The estimates for the objects varied between £500 to £2,000 but the fierce competition for them saw the prices rocket to five and six figure sums. A tiny Ming dynasty carved jade horse, left, sold for 260 times its estimate of £500, fetching a staggering £132,000, while a jade mythical animal, also valued at £500, sold for £60,000 A three-inch yellow jade lion dating back to the 16th century Ming dynasty sold for £216,000 - more than 100 times its estimate of £2,000. And a three-inch horse valued at £500 made £132,000 - 264 times its estimate- and a black jade elephant from the early Ming period fetched £72,000. A white jade dog measuring two inches sold for £ 60,000 as it was 500 years old, while a little yellow jade bird dating back to the 13th century fetched £32,000. In all, the combined value of hidden treasures sold for more than £4 million at the auction at Dukes of Dorchester, with the jade items selling for £1.5 million. Auctioneer Guy Schwinge said: 'The house was just an Aladdin's Cave of antiques, art work and other collectable items. 'There were impressive paintings all around the property including an oil painting above the fireplace that was the work of Renaissance artist Abel Grimmer. 'There were a lot of items on display but the jade pieces were kept in two cardboard boxes in the hallway cupboard. 'I don't think they were there because the couple didn't like them, I think they had just put them in safe storage. Fran Lewis and late husband Tim: They came to the UK in the Eighties and started to amass their collection 'The housekeeper just showed me the box and said "what do you think of these?" I was amazed by both the quantity and quality of the items. 'Jade is very hard to value and we brought in an eminent scholar to help us with the estimates but ultimately the market decided the prices. 'The market for Chinese antiques is buoyant at the moment as newly-rich Chinese collectors are buying back their heritage and are pushing the prices up. 'But even we didn't expect some of the jade items to sell for so much. Mrs Lewis is the daughter of Harold Scanlon Foley, a member of the highly successful Foley family who ran the Powell River Company and built 25,000 miles of railroads across America and Canada. The Lewises emigrated to the UK in the Eighties and lived at the grade II listed, 17th century Melplash Court, near Bridport. Mr Lewis died earlier this year aged 67. Mr Schwinge said: 'Tim and Fran Lewis moved here from Canada in the early Eighties and collected some incredible items. The sale involved about 1,500 lots in all.' Source; Dail Mail




