‘Freddie Mercury: A world of his own’ auction

Posted on September 19, 2023October 21, 2024 by Stephanie Connell

Over the last few days auctioneers Sotheby’s held what could be described as “the sale of the century” – the collection of the late British rock music icon Freddie Mercury.

Rarely has auction captured the public imagination so powerfully. Sotheby’s dedicated their entire New Bond Street galleries to a month-long preview of the sale, aptly titled ‘Freddie Mercury: A World of His Own’.

The demand has been unprecedented. Almost 150,000 people of all ages and nationalities visited the saleroom to attend the preview, often patiently queuing for over two hours. For many the viewing appeared to be a pilgrimage to pay tribute to Freddie and his career, for others a chance to see a blockbuster event at the intersection of art and celebrity. Freddie’s influence goes far beyond the boundaries of music, he has become a cultural cornerstone, style idol, and one of the definitive figures in British music history.

Freddie left his entire collection (as well as his home Garden Lodge) to his dear friend Mary Austin. Mary has carefully preserved these pieces since Freddie’s untimely death in 1991.

Mary has described having taken the “difficult decision” to sell the collection this year. Due to Freddie’s appreciation for Sotheby’s, the company was chosen as the sale venue. Freddie famously said (as quoted in the book accompanying the sale) “The one thing I would really miss if I left Britain would be Sotheby’s”. Those who knew him speak of Freddie continuing to visit Sotheby’s until a few days prior to his tragic passing.

The sale offered a genuinely unique insight into the private life of the star. The auction of over 1,400 lots was held over six separate sale days. The sessions were arranged to reflect both Freddie’s public career and private collection. Freddie was an avid collector with a keen eye, the different sale days aimed to reveal this. Freddie’s love of Japan, his devotion to his cats, flamboyant wardrobe, appreciation for antiques, dedication to his craft of song writing and success as a member of Queen were all apparent.

The work of instantly recognisable artists and manufacturers were included throughout: Cartier, Tiffany, Lalique, Faberge, Dali, Picasso, Miro to name but a few. Those pieces closely associated with Queen and Freddie Mercury’s career as a singer and songwriter generated some of the strongest prices.

Bidding was fierce during every day and across all areas of the sale – with buyers from across the globe clamouring to own a piece of the Freddie “magic”. Almost all the pre-sale estimates were far exceeded and on some occasions by over a hundred-fold!

I will now take the opportunity to give an overview of each sale day and its highlights.

Day One: The Evening Sale

The Evening Sale was a microcosm of the collection – some fifty-nine lots including major highlights in art, design, jewellery, lyrics, instruments, and stage costume. The atmosphere unlike a typical Sotheby’s evening sale – the packed saleroom crowd seemed there to celebrate Freddie’s life.

The auction started as it meant to go on – Lot 1, the door to Freddie Mercury’s home the Garden Lodge took almost 25 minutes to sell. The green painted door was a London landmark – the exterior entrance to Freddie’s private residence. Now more like a piece of contemporary art having been heavily graffitied by visiting fans. The reverse in contrast was cleanly painted in jade green. The pre-sale estimate of £15,000 – 25,000 was quickly surpassed. The hammer eventually fell at £325,000 (including buyer’s premium £412,750).

Several important pieces reflecting Freddie’s appreciation of Art Nouveau were offered. One of the most striking was the Tiffany Studios seven-light Lily table lamp. Designed circa 1910, it showcased the skill of Louis Comfort Tiffany in producing beautiful products using relatively new technology. The piece was offered with a pre-sale estimate of £8,000 – 12,000 – the final sale price including buyers premium £60,960.

Another Art Nouveau piece of note was lot 6, a gold and jewel mounted agate vesta case created by Faberge. The vesta had been purchased by Freddie from an auction held at Sotheby’s Geneva in May 1991. It sold for a total of £95,250 (including BP, estimate £6,000 – 8,000).

Freddie’s appreciation for Japanese art and design is well known and Sotheby’s dedicated an entire day to this element of the collection. The key piece of Japanese art within the Evening Sale was a woodblock print ‘Sudden Shower over Shin-Ohasi Bridge and Atake’ by Utagawa Hiroshige. The catalogue detailed how Freddie and Mary Austin had sourced the woodblock during a visit to Japan in the 1970s. The estimate of £30,000 – 50,000 indicated the importance of the work, it sold for a total of £292,100 (inc BP).

Jewellery from Freddie’s personal collection generated some of the strongest bidding of the evening. The German silver snake bangle, notably worn by Freddie in the Bohemian Rhapsody music video (as well as numerous other appearances in the 1970s) was estimated at £7,000 – 9,000. Arguably one of the most iconic lots offered in the sale, the hammer eventually fell at £500,000 (£698,500 inc. BP). Another piece of note was Lot 32 an onyx and diamond ring by Cartier. The jewel, reputedly a gift from Elton John to his close friend Freddie, was sold with an estimate of £4,000 – 6,000. The total selling price (inc BP) was £273,050 with 100% of the hammer price being donated to the Elton John Aids Foundation.

Many of Freddie’s biggest fans and most passionate collectors awaited the lots closely associated with his craft as a song writer. Lot 42 was the extremely important signed eight-page manuscript lyrics for ‘Bohemian Rhapsody’. Queen’s most ground-breaking and recognisable song is now a standard of popular music. The manuscript offers a deep insight into Freddie’s process in writing it. The importance of the work was indicated by the pre-sale estimate of £800,000 – 1,200,000. The total selling price was £1,379,000. Lot 44 Freddie’s Yamaha grand piano had been acquired by the star in 1975. The treasured instrument was used to composed many of Queen’s most famous songs and entertain guests at his home. With an estimate of £2m – 3m, prior to the auction Sotheby’s announced it would be offered without reserve. It eventually sold for slightly below the low estimate at £1,742,000.

Lot 57 was perhaps the most recognisable of the stage costumes available. Freddie’s crown and cloak worn on the ‘Magic’ tour during June – August 1986. The outfit had featured in much of the advertising and publicity for the auction. This regalia fit for a king achieved £635,000 (inc. BP – est. £60,000 – 80,000).

The final evening sale total was over £12 million.

Day Two: ‘On Stage’

The second day of the auction concentrated on Freddie Mercury’s professional career as a performer and musician. Costumes, awards (including Gold Discs), rare vinyl and lyrics were all on offer. This area of the sale had been a clear draw with fans during the sale viewing.

Lot 240 a military style jacket created for Freddie and worn at his 39th birthday party in September 1985 (and again worn later the same year at the finale of Fashion Aid) garnered much advanced bidding online. Against an estimate of £12,000 – 16,000 the final total selling price was £457,200.

Gold Discs Sales Awards are always in high demand with collectors, especially when the recipient is the composor. Freddie’s disc collection was a major feature of the auction viewing layout and all sold well. The RIAA Gold Disc presented to Freddie for sales of ‘Bohemian Rhapsody’ sold for £114,300 (est £4,000 – 6,000).

Lot 110 was one of the most important lots in Queen’s iconography – a collection of Freddie’s pen and ink designs for the band’s logo. The group of drawings included the final version of the iconic insignia. The lot achieved £190,500 (est £8,000 – 12,000).

The total realised for the second day was over £9.4m

Day Three: ‘At Home’

The third day of the sale was comprised of over 250 lots. ‘At Home’ offered the clearest indicated as to Freddie’s interior design style and passion as a collector. The auction resulted in a World Record price for the work of artist Rudi Patterson (British-Jamaican, 1933-2013). Whilst German porcelain, French glass, Chinoiserie inspired objects and furniture, works by Erte, and Icart all featured in number.

Lot 501 was probably one of the most surprising. A 20th century Chinese armchair carved with a dragon motif was estimated at an affordable £300 – 500. The piece was one of Freddie’s first acquisitions – it eventually sold for an astonishing £44,450.

One of the most stylish musical instruments offered during the six days was lot 524 Freddie’s grand piano (and matching stool) by John Broadwood & Sons. The piano in elegant Chinoiserie case was manufactured circa 1934 and purchased by Freddie during the 1970s. Considering the price realised for Yamaha piano sold during the Evening Sale, the estimate of £40,000 – 60,000 for the Broadwood appeared rather modest. Bidders agreed and the final sale total here was £444,500.

Within the Lalique collection, lot 571 the stunning blue Perruches vase, was a highpoint. Designed in 1919 it sold for £34,290 (est £4,000 – 6,000).

The humble auction catalogue was also highly prized. Lot 665 being one such example -the collection of annotated Sotheby’s, Christies and Bonhams 1991 sale catalogues (with invoices) sold for £12,700 (estimate £200 – 300).

Several items of furniture designed by Robin Moore Ede, who worked closely Freddie on the interior of Garden Lodge, were highly desirable. Indicative of Freddie Mercury as host, lot 650 Freddie’s D-shaped bar sold for £120,650 (est. £6,000 – 9,000).

Finally for feline fans lot 642, a silver model of a cat by Sarah Jones, dated 1987 had a pre-sale estimate of just £100 – 150. The lot sold for £21,590.

The eventual total for the third day was just over £5.3 million.

Day Four: ‘In Love with Japan’

The fourth day focused entirely on Freddie’s Japanese collection. His love affair with the Japan began in 1975 and continued throughout his life. The sale of 200 lots, included 37 lots of woodblock prints, 56 lots of kimonos, as well as decorative ceramics, silver, lacquer work and cloisonne.

Within the woodblocks Lot 1029 Ito Shinsui’s ‘Woman Wearing an Undersash’ reflected both Freddie’s love of kimono and Japanese prints. The beautiful scene sold for £38,100 (est. £1,000 – 1,500).

Several decorative boxes were included, part of the collection of traditional crafts or kôgei that Freddie treasured. The highest priced piece here was for lot 1056, a Taisho period document box by Wajim Keizuka selling for £76,200 (the estimate £4,000 – 6,000).

Lot 1063 an Ando style vase was one of the most desirable pieces of cloisonne. Decorated with koi carp and produced during the Meiji / Taisho period it was estimated at £1,500 – 2,000 but eventually sold for £57,100.

Freddie wore kimono at home and on stage and they served as presents for friends. The leading kimono in the collection (lot 1162) had been displayed prominently in the galleries. This decorative garment was offered at £1,200 – 1,800 with the final sales price reaching £27,940.

The Japanese collection final total was over £2.6 million.

Day Five & Six: Crazy Little Things 1 & 2

Potentially the most affordable lots of the sale were the offered during two online auctions titled ‘Crazy Little Things’. Bidding was available for over a month allowing interested spectators to see prices creep higher and higher.

Almost 700 lots were sold during these two auctions. Several items were estimated at levels almost unheard of for Sotheby’s since the 1980s. However, Freddie fever had now taken hold and bidding was not for the faint hearted.

Part 1 contained additional property from Freddie’s home. Cats featured heavily. Lot 1502 was described humorously as ‘a motley group of feline ornaments’. The clowder included twenty-nine in total and appeared to have been amassed by Freddie over several years.

They had been estimated at £300 – 500, a low estimate of a little over £10 each. The collection sold for £30,480! Similarly, lot 1513 a dish in the form of a cat was estimated at a meagre £40 – 60. Manufactured by Americn company N.S. Gustin the online bidding ended at £12,065 (inc. BP).

Lot 1782 Freddie’s 1982 BT red plastic rotary phone my well have been a world record price. Against an estimate of £1,000 – 2,000 it achieved £8,890.

Freddie’s decorative shower door, emblazoned with his initials was sold as lot 1794. The striking bathroom accessory reached £12,700 (est. £500 – 700).

Part 2 focussed on Freddie as a performer, with most of the lots being awards, ephemera and clothing.

Again, awards relating to ‘Bohemian Rhapsody’ were amongst the most esteemed. Lot 2039 the British BPI Award for sales of over 500,000 copies sold for £152,400 (est. £3,000 – 5,000).

Freddie’s aviator sunglasses had been offered with a guide of £2,000 – 3,000. However, such a recognisable piece would always be prized. The selling price here was £40,040.

Finally, to (possibly) the most talked about lot of the auction – the penultimate item in the sale lot 2348 Freddie Mercury’s silver Tiffany & Co. moustache comb. A replica or Freddie’s famous moustache had hung above the entrance way to Sotheby’s London headquarters for over a month – a symbol of the star. With an estimate of only £400 – 600 the virtual hammer fell at £152,400.

The combined total for ‘Crazy Little Things’ was over £10.3million bringing the total for the entire event (including buyer’s premium) to just under £40 million.

Rachel Doerr spoke with Mike Moran, English musician, songwriter, composer and record producer, following the auction who said ‘Wonderful but strange experience to see many of these treasures somewhere other than beautiful Garden Lodge. Spotted a couple of presents I’d given Freddie as Christmas and birthday presents plus some of my scribbled music and lyrics for the Barcelona lots which went for a bit over £157,500.(wish I’d kept a couple!)’- Mike Moran Sept 15, 2023

Mike Moran studied at the Royal College of Music in London prior to becoming a session musician and a composer and arranger. Moran has worked with many musicians, including Ozzy Osbourne, George Harrison and various members of Queen. He was co-producer, arranger, keyboards performer and co-author of all the tracks on the album Barcelona, the classical crossover collaboration between Freddie Mercury and opera singer Montserrat Caballé, released in 1988.

Decoding Bencharong Porcelain

Posted on September 12, 2023January 3, 2025 by Ashley Innes

During the eighteenth and nineteenth centuries, Bencharong porcelain was considered Thailand’s most valuable ceramic ware and is still widely celebrated in Thai culture today.

First commissioned by the royal Thai court from the late Ayutthaya period (1351-1767), Bencharong wares were produced in a variety of shapes, colours, and sizes, featuring both religious and secular motifs.

Three Bencharong wares on display at the newly reopened Humboldt Forum.

These pieces are instantly recognizable for their bright palette, geometric patterns, and frequent appearance of Thai Buddhist scenes. The name “Bencharong” means “five colours” in Thai; however, most Bencharong palettes range from three to eight colours.

The Bencharong palette first included yellow, black, white, red, and turquoise. Later, blue, orange, purple, and pink increasingly appeared.There is more than meets the eye, however, as this quintessentially “Thai” form was crafted entirely in China at Jingdezhen!

The most common theory for Bencharong’s name cites a literal translation from Bencharong’s Chinese Ming predecessor, wucai (“five colours” in Chinese). Another theory links the name to bencharongse, a Thai cotton dyeing technique with a similar five-colour palette, dating to the Sukhothai period (1238-1438).

Techniques

Bencharong techniques closely resemble those of Ming and Qing wucai (sometimes called yingcai in the Qing Dynasty or famille verte, noire, or jaune). Like Bencharong, wucai was also glazed, double fired, and decorated with three-to-eight polychrome enamels.

The primary differences between domestic wuai and Bencharong are Bencharong’s different colour palette (particularly turquoise), which catered to Thai tastes, its lack of underglaze blue, and its enamel, which was more thickly applied.Bencharong enamels also cover the entire surface of the body, displaying no white porcelain, unlike many of their domestic Chinese counterparts.

Bencharong’s production history is difficult to reconstruct, as no commission records remain. However, recent excavations at Jingdezhen have revealed decorated Bencharong sherds, suggesting that Bencharong wares were both fired and decorated at Jingdezhen, during a period when some export wares were only fired at Jingdezhen and decorated after export.

Closeup of a wucai famille verte dish on display at the Holburne Museum. Both familie verte and Bencharong emply the same porcelain techniques.

Dating and Uses

One useful technique to date Bencharong objects is by palette. Objects such as the one below (currently on display at the Humboldt Forum in Berlin) can be dated to the eighteenth century because nineteenth- century pieces often heavily feature pink or gold, a technique called Lai Nam Thong.

This piece also minimizes use of purple and blue, meaning that it was unlikely produced after 1800. When examining an object, don’t forget to examine the interior, which can provide useful clues! For example, turquoise interiors are only found in earlier Bencharong wares. Precise dating is typically unreliable, as Bencharong styles did not always align with Thai reigns.

18th century Bencharong lidded bowl on display at the Humboldt Forum, featuring a Thai Buddhist figure called a thephanom.

Bencharong was often used as a dining ware, and therefore often came in matching sets.

Early Bencharong court wares also sometimes served as containers for cosmetics or medicine.

Initially, Bencharong was only produced for the Thai court, but high nineteenth-century demand necessitated expanded production for Thai nobility and merchants.

In the nineteenth century, King Rama II so admired Bencharong that he attempted to produce copies himself, as he was an amateur artist!

Visual Characteristics

Bencharong decorations often reflect traditional artistic tastes across Thai media. Bencharong’s most common motifs include geometric patterns, Buddhist or Hindu iconography, mythic or literary creatures, and Thai flora and fauna.

The entire surface of the Buddhist lidded bowl at the Humboldt Forum is covered with polychrome enamels in red, navy, turquoise, white, yellow, and green, with floral bands and motifs surrounding Buddhist figures. These bands typically frame primary motifs and are either plain or subtly decorated.

The various floral patterns, particularly the yellow stem pattern at the top of the bowl, are commonly found in Buddhist Bencharong wares. The red band near the bottom of the bowl and repeated throughout the lid is a lai kruay cherng pattern (a funnel motif) depicting repeating tri-lobed flowers.

Given Buddhism’s predominance in Thailand, many Bencharong wares depict scenes specific to Thai Theravada Buddhism. This scene takes place in the Himaphan forest, a lower Buddhist heaven. At the center of the primary scene sits a thephanom on a red medallion shaped like a lotus petal, with his hands in anjali mudra.

The thephanom is a minor celestial being in Thai Theravada Buddhism, often mistaken by contemporary viewers for a Buddha. He wears jewellery and an ornate Thai headdress.

Although he is featured alone here, he is often surrounded by norasinghs, Thai Buddhist semi-deities who flank the thephanom and can be identified by their human upper body and lion/ deer mixture lower body.

Collecting Bencharong

Bencharong remains a popular form in museums and in private collections throughout the world, with a demand for a contemporary reproduction market in Thailand. Taking your Bencharong wares to a valuer may help you determine whether your objects are antiques or are contemporary reproductions.

Bencharong reveals a rich history of trade, religious activity at Thailand’s royal court, and upper-class desires to emulate royal tastes.

Further academic examination of the history of Bencharong may result in a better understanding of China’s historical relationship with Thailand, religious and secular imagery in Early-Bangkok Period art, merchant trade culture, and the upper class’ relationship with the royal Thai court.

Meanwhile, there is plenty Bencharong for us to enjoy in public collections, such as the Humboldt Forum, the V&A, and the British Museum!

Andy Warhol’s Birthday

Posted on August 8, 2023August 9, 2024 by Jonathan Horwich

Andy Warhol, born Andrew Warhola, was born on August 6, 1928, in Pittsburgh, Pennsylvania, to Slovakian immigrant parents. Andy was the fourth of five children, his father worked as a construction worker, and his mother was a homemaker and they lived in a working-class neighbourhood in Pittsburgh.

Andy was ‘dogged’ by illness, at the age of eight, he contracted a rare and severe illness called Sydenham’s chorea. This left him bedridden for several months, during which time his mother helped fill his days by giving him drawing lessons, which ignited his passion for art. Andy attended Schenley High School in Pittsburgh, where he demonstrated early artistic talent and where he was recognised and encouraged in these abilities. After graduating in 1945, he went on to study at the Carnegie Institute of Technology (now Carnegie Mellon University) in Pittsburgh.

After completing his studies in 1949, Andy moved to New York City, where he began his career as a commercial artist and illustrator. He worked for magazines, advertising agencies, and retail stores, quickly gaining recognition for his unique and imaginative art style.

By the late 1950s, he had started experimenting with Fine Art and had begun producing paintings, drawings, and prints. He found his inspiration in everyday objects and popular culture, leading him to create many of the works that would become iconic representations of the Pop Art movement and synonymous with Andy Warhol.

In the 1960s, he established his now famous studio space called “The Factory.” It was a hub for creative collaborations, attracting artists, musicians, writers, and celebrities, alike and it rapidly became a centre for the avant-garde in New York City.

Warhol’s fascination with celebrity culture led him to create portraits of many famous personalities, including Marilyn Monroe, Elvis Presley, and Elizabeth Taylor.

Andy Warhol’s creativity extended way beyond painting and drawing and he ventured into film, creating the experimental movies “Chelsea Girls” (1966) and “Empire” (1964), a slow-motion film of the Empire State Building.

Andy Warhol, well known for his contributions to the Pop Art movement and his choice of subjects for his art, was heavily influenced not only by celebrity and popular culture but also brand names, crime and for some reason car crashes. Some of his most famous paintings include the following:

The market for Warhol’s work has existed from day one and interest from buyers is truly international, with his work being sold across the world, where it is both a highlight and a mainstay of all the major and minor auction houses and galleries across the world. His major works continue to change hands for multi-million pound sums and the second and third most expensive Warhol works sold at auction to date are as follows:

Behind the scenes Andy Warhol is just as fascinating, here are a few little known facts about him.

Time Capsules:
Warhol was an avid collector and archivist. He had a fascination with preserving everyday items and created what he called “Time Capsules.” These Time Capsules were essentially cardboard boxes in which he stored various objects such as newspapers, correspondence, photographs, art supplies, and random items from his daily life. Over the years, he filled over 600 of these Time Capsules, which provide a unique insight into his life and the culture of the time.

Religious Devotion:
Despite his flamboyant and controversial public persona, Warhol was a devout Byzantine Catholic. He attended church regularly, and his religious beliefs played a significant role in his life. He even commissioned religious-themed artworks, including several portraits of Jesus Christ.

Art Collector:
Warhol was an enthusiastic art collector and he had his own extensive collection of art, including works by fellow contemporary artists and art pieces from various periods and styles. Following his death, Sotheby’s auction house held a nine-day auction in 1988 where they sold off more than 10,000 items from Warhol’s personal collection, which fetched tens of millions of dollars.

Underground Filmmaker:
As mentioned earlier in this piece Warhol is well-known for his contributions to the visual arts and he was also a pioneer in underground filmmaking. In the 1960s, he produced a series of experimental films that challenged traditional cinematic conventions. One of his most famous films is “Sleep” (1963), which depicts his friend John Giorno sleeping for over five hours. Warhol’s films often explored themes of monotony, voyeurism, and the passage of time.

Wig-Wearing Icon:
Andy Warhol’s signature silver-white wig became an essential part of his public image. He began wearing wigs in the 1960s to create a distinctive look, and it quickly became one of his trademarks. The wig allowed him to transform his appearance and present himself as an enigmatic figure in the art world and popular culture

Cookbook Author:
In 1959, Warhol and his friend Suzie Frankfurt co-authored a quirky and amusing cookbook titled “Wild Raspberries.” The book, which was never intended to be a practical guide to cooking, featured illustrations and handwritten recipes for dishes like “Omelet Greta Garbo” and “Piglet a la Cubist.” This limited edition book is now a highly sought-after collector’s item.

These lesser known facts highlight the diverse and eccentric aspects of Andy Warhol’s life and artistic pursuits. His impact on various forms of art and culture continues to be influential and celebrated to this day.

Throughout his life, Andy Warhol continued to push the boundaries of art, leaving a lasting impact on the art world and popular culture. His early experiences and upbringing shaped his artistic style and many of the themes he explored in his work.

Read more about investing in Warhol art here.

To get in touch about a valuation, visit our Contact Us page.

A review of the December Old Master Sales in London

Posted on January 17, 2023January 15, 2025 by David Dallas

December is an exciting month, not just because Christmas is coming, it is also the last hurrah for the Old Master Painting season in London. Sotheby’s had the better pictures and therefore, the better of the results. Their Day Sale (lesser fry) at a total of £3.34M was roughly three times the value of Christie’s at £1.185M. Furthermore, Christie’s had a large total of lots unsold on the day, 40 out of 104 lots.

The Evening Sale (the top lots) followed a similar pattern with Sotheby’s sale to talling £32.72M, with Christie’s coming in at a more modest £13.14M. In fact, Sotheby’s top lot, Titian’s ‘Venus and Adonis’, at £11.1M made almost as much, on its own, as Christie’s whole sale.

They had a beautiful still life by the Haarlem painter Floris van Dijck, very similar in composition to the painting in the Rijksmuseum and one of my favourite pictures in that collection. This made £2.09M against a pre-sale estimate of £600,000-£800,000.

Also estimated at £600,000 – £800,000 was a dramatic seascape by Ivan Konstantinov Aivazovsky titled ‘The Wrath of the Seas’. I was particularly interested to see what happened to this painting, by a 19th Century Russian artist, bearing in mind what is going on in Ukraine. On the day it made a very healthy £1.729M, proving that Aivazovsky has an international reputation and is not just for local consumption!

During the view at Christie’s, I was intrigued to speculate what would happen to two portraits, in particular. The first was a portrait of Erasmus by Hans Holbein the Younger, court painter to Henry VIII and the second was, to my mind, a very beautiful portrait of Henrietta Maria, by Sir Anthony van Dyck, court painter to Charles I.

In the event, they both disappointed with the Holbein making £1.12M against an estimate of £1-1.5M and the Van Dyck limping away at £2.44M against an estimate of £2-4M. The highest price was £2.92M (estimate £2-3M) for ‘Reading Party’ by the French Rococo artist Jean Francois de Troy.

These sales told us nothing new about taste for Old Masters, but they did reinforce what I said in July and that is that there is keen interest in paintings by good hands, fresh to the market and in good state. Selling lesser things, which have been seen before, is a struggle.

How Art Galleries & Auction Houses Have Adapted During COVID

Posted on April 12, 2021March 17, 2025 by Jonathan Horwich

‘Never waste a crisis’ they say in the art business. The various lockdowns, and Covid itself, has forced the art market to adapt quickly to the new challenges we all face in our lives and businesses. When you think of the art business, it’s about people and face to face meetings, parties and major auction gala openings etc. So how, in the face of the pandemic, are they going to manage, when indeed the very people they need to see and sell to are no longer allowed to travel or even mingle in any way shape or form!

Brilliantly and swiftly auction houses reacted almost overnight. Having worked in the auction industry myself for over 30 years, I’m well aware of how many great ideas were sitting on the shelves in auction houses just waiting for the right moment to be put into practice, now suddenly, that ‘right moment’ is now and all the ideas are in play. Realising that it would now be impossible for people to view in person, they switched to remote live and timed online auctions. The latter, prior to Covid, had only been mildly successful, but now, with no other option and with bidders locked up at home, they found tens of thousands of new bidders. We were about to witness the reality of presenting auctions live to the public- with nobody at all sitting in the saleroom! Those of you who have attended auctions will recognise the buzzing atmosphere with people here, there and everywhere all bidding and crammed shoulder to shoulder. Well, none of that was going to be possible now.

Christie’s mounted what they called a ‘global auction’ which was an extraordinary feat of logistics and engineering. There was an auctioneer in Hong Kong passing on to the auctioneer in Paris, passing on to an auctioneer in New York, so literally back-to-back auctions spanning almost 15 hours! What was truly remarkable was the numbers. Over 160,000 people were either watching or bidding around the world, whereas normally they might expect 30,000 online viewers and the prices achieved were every bit as strong. In some cases, even stronger than pre-pandemic, mainly because new people were involved so bidder numbers were significantly higher than would have been seen before. In fact, there were so many people attempting to log on to watch, me included, that it was impossible for the system to cope! They reacted quickly though and adapted things. So much so that one year on 160,000 + people watching an auction in various locations around the world is normal and they no longer run out of bandwidth.

To further develop the online offering, new visual aids have appeared. You can now gauge the size of the picture you were thinking about buying on a virtual wall. To be able to gauge the size of the piece is genius, as sometimes in our heads it’s bigger or smaller than it really is.

Auctioneers around the world are still adapting to the new norm. However, not all of them are doing auctions in exactly the same way, which is rather refreshing. Some are conducting live auctions with an auctioneer, sometimes in his own living room, with images and bidding increments being presented on your screen so everything is there for you, while the actual pieces are safely in the warehouse.

Condition reports for multi million dollar lots are essential so that at a distance you can be comfortable with what you’re buying, Covid rules allow for independent restorers to visit the rooms to do reports on behalf of the vendors and are flat out doing just that!

We’re only a year on, however it seems like five years’ worth of ideas and development have been squeezed into less than a year of real time when it comes to auctions. You can now bid on either a live auction in one session with an auctioneer and nobody except staff in the room, or on a timed online auction which is spread over a week or so. Everyone is doing it in their own slightly differing ways and yet all are instinctively seeming to get it right.

Major auctions now appear on YouTube so you can search Christie’s auction and watch a recorded New York auction from beginning to end, followed by a second session in London if you have the energy! The 160,000 people worldwide watching in 2020 has now grown to nearer a million in some cases with auction houses using multiple cameras and angles just like a football match.
For art dealers, international art fairs are the lifeblood to their businesses as it’s where they meet new clients, re-engage with existing clients and show exciting new pieces and discoveries for the first time. The buzz of fairs, such as Masterpiece, the London Art Fair and the Armoury and Frieze fairs are all suspended. The galleries are no longer able to use their physical shop space to garner interest, so to reach out they are turning increasingly to newsletters, updates and new stock reports, knowing that we’re all locked down so much more likely to read what they are sending us. While it’s not possible to go into the galleries themselves, new virtual portals have opened, run by those dealers usually involved with art fairs. This allows them to showcase on other platforms such as Love Antiques, The Bruno Effect and 1st dibs and 2covet – all of whom are benefitting from added interest in this lockdown world.

It’s fair to say that pretty much everything is virtual in the art world now. The upshot I think is that for many people buying at auction and galleries has been totally demystified so encouraging new buyers. When lockdown ends and we get back to something near normal, I think that the art world will bounce back with a vengeance. People will still want to buy at auctions but will accept and enjoy attending virtually too, and there will be an equal number of people who have been introduced to buying art via virtual fairs and exhibitions.

Virtual Auctions

Live auction at Christie’s London on March 1st 2021, here we see the hammer about to come down on the only wartime painting completed by Winston Churchill ‘ called the Tower of the Koutoubia Mosque. it was completed by Churchill in 1943 after the allied conference in Morocco and given to President Franklin D Roosevelt and much later bought by Brad Pitt for his then wife Angelina Joli and sold in this auction on her behalf for nearly 6 times its pre-sale estimate of £1.5 million for a record breaking £8.3 million. The auctioneer is the only one not wearing a mask, see below

Staff bidders at the March 1st auction, not black tie anymore for gala auctions, it’s now matching black masks for everyone. You can’t see but there are no members of the public in the saleroom at all, they are either on these phones or online, only these masked phone bidding staff , the auctioneer plus a few masked art handlers showing the works are the only people in the room. The room would normally be packed yet despite everything this sale and all the others have been rip roaring successes. The sale was filmed using multiple cameras and angles and is therefore fun to watch it is on you tube, just search Christie’s auction where it can be viewed in full, on the night the auction was viewed by over 100,000 people. It appears that watching auctions under lockdown has gone viral !

A rare early picture by Vincent van Gogh, Rue Montmatre , estimate £5-8 million for sale at Sothebys on March 25th 2021 ,this is the image from the online catalogue, it has a ‘zoom in’ facility and condition report, lot essay etc see below

Same Van Gogh picture shown on a virtual wall, next to a virtual window, to give you a sense of its scale

Arg-Ala by Damien Hirst,
Estimate £150-200,000
In a Sothebys online timed auction 26th March, 2021, bidding is over a week usually and progress is shown 24/7 like e bay, bidding ends at a specific time and day with a delay if bidding is still active and will continue until bidding stops , at the time of writing it was £150,000, the picture is 50 x 50 cms and is seen here with an art handler nearby to give scale. These online timed sales were mainly used for lower value lots or collection sales pre- covid , however they have now fully proved their ability to sell very high value lots well.

The latest big news in the auction world is digital art , known as NFT’s ( Non Fungible Tokens) this is a brand new development as of March 2021. This image shows a work with multiple images titled ‘The First 5,000 days ‘ created over 5,000 days by Mike Winkelmann, aka ‘Beeple’ sold for $69,000,000 in Christie’s New York . Again this was not a live traditional auction it was a timed sale as for the Hirst in fig 6. Amazingly the starting estimate was only $100 and there was no reserve , bidding only began actively a few minutes before the auction was due to close, bids rose from $100 to $69,000,000 in a matter of minutes ! It was bought by Vignesh Sundarasen a Singapore based investor. The work doesn’t exist in a tangible form, so you can’t hang it up anywhere nor have you bought the copyright which stays with Beeple the artist. However you can trade it via the unique access code you receive with the work.

Another digital work made up of multiple individual images again by Beeple, called ‘The Next Chapter’ Beeple first began making his ‘Everydays’ (one image per day) in 2007, however lockdown and its full embrace of live online auctions seems to have provided the catalyst to go global with offering digital works at auction online.

Virtual Art Dealing

Unlike the auction houses Art Dealers don’t have the monkey of back to back auction calendar to manage, however they do rely on major Art fairs and events such as Frieze, The London Art Fair and Masterpiece to showcase new works and meet new clients and make sales. Many of the events have been postponed, however The London Art Fair went digital, showcasing individual galleries such as Alan Wheatley in this image. The image and details will have been shared with all registered attendees of previous year’s fairs and is teamed up with experts and other curators to present a series of lectures, webinars and virtual events to drive sales.

More London Art fair 2021 images, featuring works for sale by Bridget Riley, Ian Davenport and others

Welcome page for 2covet a new online dealer platform enabling dealers to continue to have access to sales and new clients while their shops remain closed.

2 covet dealer page showing more traditional pictures from a dealer in late 19th and early 20th century
Pictures.

2 Covet website showing the range of categories available to buy.

A new site, ‘The Bruno Effect, due to open June 2021 focussing on antiques vintage and 20c design.

Bruno Effect’s dealer focus page

1st Dibs is an established online dealer platform, they have a full range of art and antique dealers who pay commission on sales along with a monthly subscription so it’s quite an investment , if you also have a closed shop, lockdown will have encouraged many more dealers to move online to this site. They hold online dealer and object focus events plus editors picks so many more dealers are moving online

A current ‘Editor’s Picks’ event page on 1st Dibs featuring items from different disciplines chosen by the Editor.

End of Year Old Master London Sale Review

Posted on January 22, 2021March 17, 2025 by David Dallas

Although the pandemic has had a negative impact on the way the auction rooms in London gather consignment, prices were strong and the sell-through rate was very acceptable. Traditionally, the majority of lots tend to journey in from Continental Europe but with specialists unable to travel, all inspections have had to be done on-line. There is only so much you can determine from a jpeg and unfortunately an accurate or definitive idea of condition is almost impossible to establish.

Jan Davidsz. De Heem. A banquet still life. Oil on canvas. 5’1” x 6’11”
Lot 10, Christie’s, 15th December 2020
Price Realized: £5,766,000 with premium

As numbers of lots are down, turnover is too. Christie’s offered 44 lots in their evening sale and Sotheby’s a meagre 27, compared to a normal year when 50+ would have been offered. The total for Christie’s, Sotheby’s and Bonhams in December was £39.2, just over 1/3 of the total for 2018.

Domenico Ghirlandaio, Salvator Mundi. Tempera and oil on panel. 13 1/8” x 9 3/8”
Lot 21, Christie’s, 15th December 2020
Price Realized: £2,182,500 with premium

However, prices were strong and the sell-through rate was very acceptable. The top lots at Christie’s was a sumptuous banquet still-life by Jan Davidsz. de Heem, which sold for £4.8M (hammer), a record for the artist and a record for any still-life by an Old Master. Another record price was the £1.8m (hammer) paid for a beautiful Salvator Mundi painted by Michelangelo’s master Domenico Ghirlandaio, which was in pristine condition. Sotheby’s sold a massive canvas measuring 4’ 8” x 8’ 9” of a wine harvest by David Teniers the Younger for £3M (hammer). This picture had not been seen in public for 140 years and proves that freshness to the market adds a premium of its own.

David Teniers. The Wine Harvest. Oil on canvas. 56 x 105”
Lot 12, Sotheby’s, 10th December 2020
Price Realized: £3,645,000 with premium

This year has got off to a challenging start in the art auction world, with Old Master specialists suffering from travelling restrictions, but if 2020 is anything to go by, there will be a healthy appetite for whatever they can glean and garner.

My Favourite…

Posted on November 25, 2020October 18, 2024 by Jonathan Horwich

The Cunha Braga Cup. By Jonathan Horwich, Modern Art Specialist

Knowing that I am a picture specialist, it may come as a surprise that I have chosen this 14 cm long, ceremonial drinking vessel. It is a rock crystal masterpiece of renaissance craftmanship, carving and decoration and is my favourite piece of all time. I am not sure if I know myself why I love it so much – maybe it is because it is so tactile, almost warm to the touch, and just oozes history. It fits neatly in the palm of your hand and is beautifully made – and nearly 400 years before Carl Faberge turns up and makes anything nearly as good.

The Cunha Braga Cup

I first saw the cup in October 2006 on its preview in New York. I was previewing pictures alongside my colleague from the works of art team who was accompanying the cup. My colleague gave me some of the background to its discovery. Amazingly, he spotted it among a bunch of Polaroid shots sent over from Portugal by a client just in case there was anything of interest. Even more remarkable is that the photographs were general room shots of a room full of display cabinets all rammed with various pieces and the cup was spotted tucked in a cabinet full of undistinguished objects. He was on a plane to Lisbon the next day to see it and the rest is history. I remember he told me that at first it was thought to be a copy or later version of a similar cup in a Munich museum. However, once the two were put together side by side in the museum the curators were delighted to discover that our one was made by the same craftsman as theirs – making these two the definitive pieces and ours the only other example in the world available to buy.

It had belonged to Alfredo Baptista Cunha Braga (1869-1932) from Lisbon. He acquired it circa 1920 and then by direct descent to the owners in the auction. The piece was offered in London on 30/11/2006, the pre-sale estimate was £200,000-300,000 but it sold for an astounding £1,968,000

Modern British Sculpture Sleeper

Posted on November 11, 2020August 21, 2024 by Jonathan Horwich

Known in the Art business as a ‘sleeper’ this 19 cm high, charming, and unique marble carving sold for 150 times its low estimate at Mellors and Kirk’s auction last month.

Very temptingly priced at a ‘come and buy me ‘estimate of £40-60 and intriguingly catalogued as ‘Modern British School’, this sculpture of a fawn grooming was finally hammered down at £6,000.

The Fawn is often depicted as a mythical creature and this piece certainly bears the hallmarks of early 20th century British carving. The attribution to Modern British School, although somewhat broad, is I believe, largely accurate as the piece could be attributed to the ill-fated and short-lived artist, Henri Gaudier Brzeska, (1891-1915), who although 100% French, somehow became an honorary ‘Brit’ and an integral part of the early dawn of the Modern British Art Movement at the beginning of the 20th century. He exhibited alongside greats such as Walter Sickert and Augustus John and is now very highly regarded as a sculptor and original work by him rarely if ever appears at auction. If this piece is by Gaudier then it’s a particularly good buy for someone as it could be worth 10-15 times the purchase price.

Another possibility is the sculptor and first husband of Barbara Hepworth, John Skeaping (1901-1980). If by him then it is still worth more (but not hugely more – value may increase by 2 or 3 times). I do not think it is by any of the big guns of Modern British sculpture such as Henry Moore or Barbara Hepworth, at least neither of them sculpted fawns. However it is an intriguing, good quality and well carved piece and so well worth a punt at £6,000…..

Watch this space for an update in case I hear anything more about its final attribution!

Rafael Valls at Sotheby’s

Posted on July 3, 2020August 19, 2024 by David Dallas

You may have read that Rafael Valls, the well-respected St James’s stalwart, is to offer 100 paintings form his eclectic stock at Sotheby’s in London, online, between the 1st – 8th of April. The viewing is terrestrial, but the auction is not.

This is not the first time a sole trader’s stock has come up for auction and single owner sales date back centuries. Sotheby’s has an enviable record in this regard. In October 1991 they had their first sale of the works of a living artist, when David Oxtoby consigned 100 works on paper of musicians of the 1950s to be sold in aid of Nordoff Robbins Music therapy. Next up, in September 2008, was the Damien Hirst sale, which grossed over $200m. Subsequently, most of the top London Antique Furniture dealers consigned their stock to auction, notably Hotspur, Mallet, Phillips and Harris and Pelham Galleries, but this was because their market had almost evaporated.

There are two things that set this sale apart from the above and from the Moretti Mannerlist sale of 2015 and the Otto Naumann retirement sale of 2018. The first is that this is just a small, perhaps toe-in-the-water, tranche of what Rafael Valls holds and the second is that it is online. This must appeal to a younger audience unfamiliar with Old Masters. Furthermore, as we find ourselves in a climate where gatherings are banned, viewing and auctioning a sale in cyber-space helps in maintaining motion within the art world.

Nordoff Robbins Music therapy: www.nordoff-robbins.org.uk

Does Your Current Insurance Reflect Art Market Increases?

Posted on June 26, 2020November 11, 2024 by Ben Hanly

Yayoi Kusama –
KOKORO (Heart), 1988

We asked our Head of Contemporary Art, Ben Hanly, to look at how values have changed over the past few years to illustrate just how important it is to have the value of your collection updated regularly. We think you will be shocked by the results!

David Hockney (British, 1937)
Pool Made with Paper and Blue Ink for Book, 1988
Lithograph, edition of 1,000
26.5cm x 22.5cm