Auction house Christie’s has annouced plans to hold auctions in China’s largest city, Shanghai, from fall 2013, after having recieved a license to operate independently on the mainland.
“This development makes Christie’s the first international auction house able to directly conduct auctions in China under its own brand,” said Christie’s CEO Steven Murphy. “The art market continues to grow at a tremendous rate due to the burgeoning interest in art particularly in Asia and China.”
Fellow auction house Sotheby’s had gained access to Chinese art lovers by partnering with Beijing GeHua Art Co in September 2012, while Bonhams maintains an office in Beijing and, like Sotheby’s and Christie’s, operates a saleroom in Hong Kong.
A rare and complete sub-fossilized Elephant bird egg that is more than 100 times the size of an ordinary chicken egg is up for auction in London.
Elephant birds became extinct sometime between the 13th and 17th centuries. Resembling a heavily-built ostrich, it would have stood up to 11 feet high. It is thought the bird was hunted to extinction.
The complete, sub-fossilized egg is 12 inches high and 8 ¾ inches wide. It is expected to fetch roughly £30,000 ($45,000) when it is sold April 24.
Auction house Christie’s on Wednesday said it would put up for auction “one of the world’s most perfect diamonds” — a new colourless, pear-shaped gem weighing 101.73 carats.
In the rough, the diamond was 236 carats when it was extracted from the Jwaneng mine in Botswana, before it was meticulously sculpted for 21 months, Christie’s said.
The diamond “has literally been sculpted like a work of art,” Rahul Kadakia, who heads Christie’s jewellery division in Switzerland and the Americas, said in a statement, describing the gem as “one of the most beautiful ‘white’ diamonds Christie’s has ever had the honour of offering for sale.”
The May 15 auction in Geneva will mark the first time the rock goes on sale, and the buyer will have the privilege of naming it. Before going on sale, the diamond will go on tour to New York and Hong Kong.
The American Institute of Gemology has handed the gemstone the top colourless grade “D” and the best clarity grade, “flawless,” Christie’s said, also hailing the diamond’s “absolute symmetry”.
In this category, the reigning world champion is the Cullinan Diamond, a gem weighing 530.2 carats that is part of the British crown jewels.
Christie’s auction house will put 125 works of art by the American pop icon Andy Warhol under the hammer in an online-only sale starting next week.
The auction, which will start Tuesday and run through March 25, will be the first time that Warhol’s art is sold strictly online, Christie’s said Thursday.
Sales “will feature works representing a wide array of media spanning the artist’s career,” the auction house said in a statement.
Estimates range from $600 to $70,000, Christie’s said, offering buyers “extraordinary global access to Warhol’s work. “The timed online format allows clients to browse, bid, receive instant updates by email or phone if another bid exceeds theirs, organize shipping, and pay from anywhere in the world.”
The online sale “will greatly expand access to Andy Warhol’s work, in a fundamentally democratic manner that is entirely consistent with his art,” said Joel Wachs, president of The Andy Warhol Foundation for the Visual Arts.
The proceeds will benefit the Foundation, which in turn offers financial support to artists and non-profit artist associations. The Foundation, created in accordance with Warhol’s will following his death in 1987, is dedicated to advancing the visual arts.
A renovation at Paris’s Ritz hotel has resulted in the discovery of a painting thought to be the work of 17th century artist Charles Le Brun that nobody knew was there.
Now, the giant tableau is to be sold by Christie’s auctioneers and could raise up to 500,000 euros ($665,000) for the foundation established by owner Mohamed Al Fayed in memory of his son Dodi, the late boyfriend of Princess Diana.
The oil painting has been identified by experts as an early work by Le Brun (1619-1690), completed before he became the official painter at the court of Louis XIV and established his reputation as one of the dominant figures of 17th century French art.
It adorned one of the suites in which Coco Chanel lived for more than 30 years but when exactly it was installed in the hotel remains a mystery.
The man who first spotted the painting was Olivier Lefeuvre, a Christie’s France specialist in the period, who came across it in July, a month before the Ritz closed its doors for a two-year renovation.
The painting depicts the killing of Trojan princess Polyxena after she was implicated in the death of Achilles. In the absence of any historical records, Christie’s have named the painting as “The Sacrifice of Polyxena.”
According to Lefeuvre, Le Brun most likely painted the scene after a three-year stay in Rome where he studied the work of Raphael and became close to Poussin.
Famous brands including Louis Vuitton, Prada, Burberry, and Tom Ford have sprinkled some of their design magic on the humble stuffed animal, rebranding the famous ‘Pudsey’ teddy bear for a charity auction run by Christie’s of London.
Eric Clapton is selling one of the finest of his watches, an ultra rare platinum-cased Patek Philippe (reference 2499/100P) Perpetual Calendar Chronograph.
On the occasion of the 69th Venice Film Festival, Jaeger-LeCoultre is pursuing its partnership with “Emergency”, by supporting a maternity hospital in Afghanistan.
Actress Cristiana Capotondi and other celebrities have lent their support to this highly worthwhile, holding a rose and wearing a Reverso watch engraved with a rose – the flower chosen to symbolise this initiative.
Seven suits belonging to former British Prime Minister Margaret Thatcher, including the one worn on the day she was confirmed as Conservative party leader, fetched £73,000 at a London sale on Monday.
Auction house Christie’s is launching its first online-exclusive wine sale that’s expected to attract bids as high as $35,000 for rare fine wines that include names like a 1982 Château Lafite-Rothschild, Château Latour and Montrachet.
A bottle of French wine dating back to 1774 and dubbed “the wine of kings and the king of wines” fetched $49,200 at auction in Geneva on Tuesday.
Mark Rothko’s 1961 oil painting, ‘Orange, Red, Yellow’, set a new auction record for post-war art on Tuesday at an “unprecedented” Christie’s sale.
The large-scale work soared to $86.9 million, eclipsing the $86.3 million paid for Francis Bacon’s Triptych in 2008 as the most expensive post-war artwork at auction.
A huge pearl once worn by European royalty and last owned by Elizabeth Taylor sold for a record $11.84 million at a blockbuster auction in New York on Tuesday.
“La Peregrina,” depicted in art works over the centuries and coveted by kings and queens, was bought for Taylor by her actor husband Richard Burton in 1969.
The pear-shaped white pearl was a highlight of Christie’s sale of the legendary jewelry and fashion collections amassed by Taylor, the “Crown Jewels of Hollywood.”
The auction house Christie’s auctioned in Geneva on Monday a very special Rolex watch worn by Roger Moore, aka James Bond in the film “Live and Let Die”.
The James Bond Rolex watch comes complete with a buzz saw and a hyper-intensified magnetic field to deflect bullets.
“The watch is unique. It is the watch that Syd Cain — the famous engineer… had modified for the film, said the international director of Christie’s watches.
Christie’s has revealed the main lots of the jewelry collection of Oscar-winning actress Elizabeth Taylor to be auctioned in New York this December.
Select highlights from the 269-piece collection went on an eight-city tour including London, Los Angeles, Dubai, Geneva, Paris and Hong Kong, beginning in Moscow.
A 300-bottle collection of Chateau Lafite Rothschild has sold for almost $540,000 in Hong Kong, setting a world record price for a single wine lot auctioned this year.
The collection spanning 1981 to 2005 was knocked down for HK$4.2 million ($539,250) at Christie’s two-day Autumn wine sale.
The record price, below a HK$4.5 million pre-sale estimate, was “the highest value lot achieved at any wine auction worldwide this year,” Christie’s said.
Among the hundreds of lots on offer at Christie’s September wine auction in Hong Kong, there’s one in particular that will appeal to more than just wine lovers.
The winning bid for Lot No. 519 will receive a lunch date with Scarlett Johansson and six bottles of 100-year-old Moët et Chandon champagne packed in a special Louis Vuitton leather chest.
The lot is estimated to be worth 380,000 to 500,000 Hong Kong dollars (US$48,700 to $64,100). The proceeds of the sale will go to the Nature Conservancy in China.
A handbag that once belonged to former British prime minister Margaret Thatcher was sold for £25,000 at auction at Christie’s in London Monday.
Thatcher frequently used the black Asprey bag on important occasions, such as summits with then US president Ronald Reagan and Soviet leader Mikhail Gorbachev during her 1979-1990 premiership.
The former leader dubbed the “Iron Lady” donated the bag to her Conservative Party’s ex-lawmaker and author Jeffrey Archer for a charity auction.
Premium hotel group JW Marriott is to team up with a host of top-end brands to boost its services for luxury-loving guests, it has announced.
The new partnerships with nutrition, culinary, art, culture, accessories and wellness brands were designed to deliver a deeper luxury guest experience said JW Marriott.
Among the names will be leading auction house Christie’s, which is to provide “What Not to Miss Guides” at some of the hotels, as well as curating new exhibitions inside properties, beginning with an exclusive preview of unseen photos of the Beatles at the London Grosvenor House hotel on June 10.
A dazzling pearl and diamond tiara once owned by a celebrated member of Britain’s de Rothschild empire on Wednesday sold at a London auction for £1,161,250.
The bejewelled item belonged to Hannah de Rothschild, whom was at one time the richest woman in Britain and whom went on to marry dashing aristocrat and future prime minister the Earl of Rosebery.
Three pieces of jewellery owned by the countess of Rosebery were sold at Wednesday’s “Important Jewel Sale” at Christie’s auction house.