Tag Archives: Sotheby’s

Sotheby’s to auction Wallis Simpson’s jewels

Sotheby’s says it is auctioning about 3 million pounds worth of jewelry once owned by Wallis Simpson, the American socialite who became Duchess of Windsor.

Britain’s King Edward VIII, who renounced his claim to the British throne in 1936 to marry the divorcee, showered her with gifts of jewellery throughout their courtship and marriage.

The pieces on sale include a Cartier heart-shaped emerald, ruby and diamond brooch (above) commissioned in 1957 to mark their 20th wedding anniversary.
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sothebys turner

Turner painting sells for record 29.7 million pounds

A view over Rome painted by artist JMW Turner was sold for 29.7 million pounds in London, setting a new record at auction for the British master.

“Modern Rome — Campo Vaccino” was bought Wednesday for the equivalent of 44.9 million dollars at Sotheby’s by the J. Paul Getty Museum in Los Angeles.

The previous auction record for a Turner work was 20.5 million pounds, which was set by “Giudecca, La Donne della Salute and San Giorgio” in April 2006.
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New auction record for Manet painting in London

A self-portrait by Edouard Manet sold for 22.4 million pounds ($33 million) at Sotheby’s in London on Tuesday.

It was the highest price paid for a picture by Manet. The previous record for a Manet was 16 million pounds at a sale in New York in 1989.

The oil on canvas work is in somber tones and shows the bearded artist wearing a bowler hat with a paint brush in hand.
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Lennon lyrics sell for $1.2M

The original handwritten lyrics for the hit Beatles song “A Day in the Life” was sold at a Sotheby’s auction Friday for 1.2 million dollars.

Bidding for the manuscript shot past expectations to reach 1,202,500 dollars. Sotheby’s had expected a final price of between 500,000 and 700,000 dollars.

The single sheet of paper has lyrics on both sides, in John Lennon’s handwriting.

The song was the final cut on the band’s eighth studio album, “Sgt. Pepper’s Lonely Hearts Club Band,” released in 1967.
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Warhol self-portrait sells for 32.5 million dollars

A late self-portrait by “pope of pop” Andy Warhol sold for a record 32.5 million dollars at Sotheby’s in New York on Wednesday.

The stark 1986 image of Warhol’s famous face and unkempt hair was estimated to sell at between 10-15 million at the contemporary art auction.

The huge final sale value was in line with the strong demand for Warhols shown at the contemporary art auction at rival Christie’s in Manhattan on Tuesday.

The Sotheby’s sale was the highest price paid for a self-portrait by the iconoclastic artist, who died a year after the work was completed.
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Rare blue diamond fetches $6.4M in Hong Kong

A rare 5.16-carat blue diamond sold at auction for $6.4 million in Hong Kong on Wednesday, confirming Asia’s fast-growing taste for the precious stone.

London’s famed Moussaieff Jewellers paid more than the $5.9 million expected price tag for the pear-shaped stone, the first blue diamond from the celebrated De Beers Millennium Jewels Collection to appear at auction.

The De Beers Millennium Collection, displayed in London’s Millennium Dome in 2000, comprised 12 rare gems and took decades to assemble.

“It’s a bargain and I got it at this price because everyone was asleep,” Moussaieff said in an interview.

Her London-based boutique will change the gem’s mounting and offer the stone “to discerning clients, possibly in Asia,” she said.
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Chinese interest rules the auction world

In a bold recognition of the world’s fastest-growing auction market, Sotheby’s recently hoisted China‘s flag at the most conspicuous spot outside its New York headquarters.

The flag now flies between those of the US, UK, France, and Switzerland, where the auction house has established its core client base.

“We proposed it. To my great surprise, not only was the Chinese flag hoisted, it was hoisted in the middle,” Kevin Ching, chief executive officer of Sotheby’s in Asia, told AFP.

Hong Kong has become the world’s third largest auction hub after New York and London, thanks to the rising political and economic prowess of China.
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China demand driving world wine market growth

China is expected to be the world’s seventh largest wine consumer by 2013 as the nation’s thirst for vintages continues to grow amid an economic boom.

The country will consume around 1.26 billion bottles of wine in 2013, an increase of about 32 percent from 2009, according to findings of Vinexpo, organiser of one of the world’s largest wine and spirits exhibitions.

China was the eighth largest wine consumer last year, behind leader Italy, France and the United States in the top three spots.
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Giant Bottle Of Bordeaux Wine to be auctioned

Sotheby’s will auction off a melchior of Château Cheval Blanc 2006 on Feb. 17 in London, as part of a “finest and rarest wines and vintage Port” auction.

The melchior sized bottle, which is 18 litres in volume is expected to fetch up to 4,800 GBP.

The melchior weighs in at 25kg, is 75cm high with a circumference of 70cm and contains enough wine to pour 144 glasses of wine.

Giacometti Sculpture Fetches Record $104M

Alberto Giacometti’s “L’Homme Qui Marche” set a record for the most expensive piece of art ever sold by auction when it was sold on February 3.

The Swiss artist’s characteristic sculpture of an elongated figure in bronze garnered a record-breaking 65 million pounds ($104.3 million) when it went under the hammer at Sotheby’s in London.

Prior to the auction the record was held by Spanish cubist Pablo Picasso’s 1906 portrait Garçon à la pipe (“Boy With a Pipe”), according to the Mirror.co.uk.
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Biblical Manuscript For Sale at Sotheby’s

Forbes reports that Sotheby’s is offering a 1,500-year-old biblical document that includes layers of text and meaning–in three languages.

Known as the Codex Climaci Rescriptus, the piece was written over the span of three centuries and stowed in a sacred monastery until landing in the hands of a pair of British twins by way of local Egyptian dealers.

Now an English college is cannibalizing its library and cashing out, to pay for some building renovations.
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Picasso musketeer sells for $11.5M in London

A late “musketeer” painting by Pablo Picasso sold for 7 million pounds ($11.5 million) at Sotheby’s last night as buyers looked for value in the contracted auction market for Impressionist art.

The 1969 work dates to a period late in Picasso’s life when he was obsessed with floppy-hatted swashbucklers and their Casanova lifestyles.

In this version, Picasso’s doppelganger stands before a velvety red backdrop in a yellow jacket. He holds a sword as if posing for an Old Master portrait.
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Rare blue diamond sells for record $9.5 million

A flawless blue diamond weighing 7.03 carats has sold for a record 10.5 million Swiss francs ($9.49 million), the highest price paid per carat for any gemstone at auction, Sotheby’s said.

The rectangular-shaped blue stone, mounted on a platinum ring, is the rarest to enter the international market this year.

The anonymous phone bidder, who won after a 15-minute war, has yet to name the gem.
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14th century bucket sells for £1.6m at Sotheby’s

A medieval Islamic glass vessel sold in London yesterday for 1.6 million pounds ($2.3 million), more than 20 times as much as it fetched less than a decade ago, when it was dismissed as a fake.

The 8-inch-high “Rothschild Bucket” was offered in Sotheby’s “Arts of the Islamic World” sale as a mid-14th-century piece, Bloomberg reports.

The bucket is actually a glass finger bowl, intricately gilded and decorated with colourful enamels, that dates from 14th century Egypt or Syria. It was made during the Mamluk dynasty that ruled the region from 1250 to 1517.
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Old Japanese Tortoiseshell Box Up For Auction

An 8th-century tortoiseshell vanity box, said to be a gift from the Tang Dynasty palace to Japan’s Emperor Shomu, will be auctioned in Hong Kong and may fetch more than HK$40 million ($5 million).

The octagonal box, measuring 35.6 centimeters across and embedded with mother-of-pearl and amber in shapes of flowers, is the highlight of Sotheby’s planned sale of antiques, gems and paintings on April 8.

The item had once resided at the repository of the Todaiji, or Great Eastern Temple, in the southern Japanese prefecture of Nara.
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Pearl carpet sold for $5.5m in Qatar auction

Indian carpet made of pearls and gems today fetched a record $5.5 million at the first series of auctions held by Sotheby’s in the Gulf state of Qatar.

The 5-foot-8-inch by 8-foot-8-inch Pearl Carpet of Baroda had been commissioned in 1865 by the Maharajah of the former Indian state of Baroda, possibly as a gift for the tomb of the prophet Mohammed at Medina, said Sotheby’s.

The carpet, with more than 1 million natural Basra seed pearls, had never been offered before at auction and was expected to fetch at least $5 million, said Sotheby’s.

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Sotheby’s Versace villa sale beats estimates

Artworks belonging to the late Gianni Versace sold at a London auction for more than twice the presale estimate, the second time in a month the public sale of a famed fashion designer’s items had defied the economic slump.

The 545-lot sale of the contents of Villa Fontanelle, Versace’s early 19th-century mansion on the shores of Lake Como, fetched 7.4 million pounds ($10.5 million) last night, against a presale top estimate of 2.8 million pounds.

Like the Saint Laurent sale, the Versace sale was a chance to pick up pieces personally selected by a man of great taste.

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Champagne Perrier-Jouet Uncorks the Oldest Champagne in the World

This weekend, 12 of the world’s top wine and champagne experts flew from all corners of the globe to the boutique Champagne House Perrier-Jouet for the chance to taste 20 historic vintages from the House’s own cellars, including the oldest champagne in the world: Perrier-Jouet Vintage 1825.

Each sip would have been worth hundreds of Pounds/ Euros/ Dollars at auction, according to the Head of the International Wine Department at Sotheby’s, Serena Sutcliffe MW, who co-hosted the tasting with Perrier-Jouet Chef de Cave, Herve Deschamps.

“It is virtually impossible to assign a value to the 1825 vintage – we’ve never seen anything like it on the market! This was, quite simply, the opportunity of a lifetime tasting such exceptional, historic vintages.”
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Sotheby’s Aspen Closed

If there was any doubt that the luxury real estate industry is facing financial issues, the latest casualty in Aspen, Sotheby’s International Realty, should dispell that notion.

Sotheby’s closed their doors on Feb 13th, after running into financial difficulties and the franchise will be taken over by a former rival, Morris and Fyrwald Real Estate.

The luxury ski resort business has been hard hit by the financial crisis, and the value of sales in Aspen fell 46% in 2008, with the trend continuing.

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