Tag Archives: Sotheby’s

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.

Read the full story on Luxuryproperty

1957 Ferrari 250 Testa Rossa to break the world record auction price

At the “Ferrari Leggenda e Passione”, an exclusive event held annually in Maranello, Italy, during the Mille Miglia, this year on May 17, RM/Sothebys auction will present the 1957 Ferrari 250 Testa Rossa race car.

This masterpiece of design and engineering is expected to break the world record for the most expensive vintage motor car ever to be sold at auction.

The record is currently held by a 1961 Ferrari 250 GT SWB California Spyder which was sold for USD 10,894,400 (€7,040,000, £5,598,208 GBP) at least year’s Ferrari Leggenda e Passione, on May 18, 2008.


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Christie’s about to come under the hammer

It’s just a whisper at the moment but it may well be the case that Francois Pinault is considering the sale of his Christie’s auction house which he bought in May 1998 for $1.2 billion.

The speculation is based on one obvious fact: at circa €4.7bn, Artemis, Mr Pinault’s holding company, is carrying too much debt.

And while all auctions across Bonhams, Sotheby’s and Christie’s haven’t experienced a great year, Christie’s has already cut a couple of departments, shrunk others, let a few employees go and plan more reorganization for the company in January.

Picasso painting to be auctioned

One of the most important works by Pablo Picasso to appear on the market over the last several years will be offered by Sotheby’s in New York on the evening of November 3, 2008.

Arlequin dates to 1909, a pivotal moment in the history of modern art; just two years after Picasso completed his watershed composition, Les Demoiselles d’Avignon. Modeled with luminous shades of jade, rose and amber, this spectacular portrait depicts a harlequin, one of the most poignant motifs in the artist’s oeuvre.

For the last 50 years, this jewel of Picasso’s Cubist production has been a treasured possession of the Surrealist artist Enrico Donati, who died earlier this year at the age of 99. He purchased it in the 1940s directly from Daniel Henry Kahnweiler, the legendary dealer of Picasso and the Cubists.

The painting, which is expected to bring over $30 million, has been consigned by Mr. Donati’s estate. It will be seen by the public for the first time in more than 45 years when it goes on view at Sotheby’s London beginning October 3, 2008. It will then go on display at the Moscow Museum of Modern Art from 16-19 October and Sotheby’s New York from 29 October to 3 November.

Emmanuel Di-Donna, of Sotheby’s, said it was one the “greatest” Cubists to be sold on the open market. He added: “International collectors have not been presented with such a fantastic opportunity to compete for one of the great Picasso portraits since Sotheby’s sale of Dora Maar au chat.

World’s Most Expensive Female Artist

South African born artist Marlene Dumas set a new record this month for the most expensive living female artist, when her painting The Visitor, fetched £3.1 million ($6.2million) at a Sotheby’s auction.

Dumas’s painting was sold at the Sotheby’s Contemporary Art Evening Sale held in London on the 1st of July.

The £3,177,250 million bid for the painting surpasses Dumas’ previous record of £1.8 million set in February 2005.
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Sotheby’s Sale of Impressionist and Modern Art

Both Sotheby’s and Christie’s are holding significant Impressionist and Modern evening sales in London this week. “We’re seeing a very strong market for top quality Impressionist paintings this summer,” the vice chairman of Impressionist & Modern Art Worldwide at Sotheby’s, Helena Newman, said.

On Wednesday, Sotheby’s will put up Monet’s “La Plage à Trouville” expected to fetch between $14 million and $20 million. “It’s an iconic work,” Ms. Newman said. “Monet was exploring the effects of the wind and the light on the water, all quintessentially Impressionist effects.”

Monet completed his painting in 1870 while vacationing with his wife and son at the tony French resort town of Trouville.

A 206.82 Carat Sapphire Pendant May Fetch $1.5 million

Featured above is a 206.82 carat sapphire pendant encrusted with diamonds to be auctioned at Sotheby’s auction house in Geneva, London.

Designed by jeweller Cartier in 1951, the pendant formely was a part of collection of Britain’s Wallis, Duchess of Windsor.

It is anticipated to fetch $1.1-1.5 million (Euros 6,97,000-9,50,000) on 15 May.
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Tintin Comic Art Sells for $1.2 mn

CAPTAIN Haddock would have choked on his whisky: original artwork for a Tintin comic book fetched a record US$1.2 million at a Paris auction on March 29th.

The 1932 oil painting, executed for the iconic cover of Tintin in America smashed the previous world record for an original comic book work.

That was set in March 2007 when a drawing by artist Enki Bilal called Bleu Sang (Blue Blood) fetched €177,000.
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Maxim Viktorov Inks $3.54 million Deal For Guarneri Violin Sotheby’s

Sotheby’s lately sold a Guarneri violin once a lavish possession by the musician Henri Vieuxtemps to a Russian entrepreneur for the maximum auction price ever paid for any musical instrument. Word is around that Maxim Viktorov paid an unrevealed sum, “well in excess” of pre-recorded last auction of the device. The preceding record was inked by a 1708 Stradivarius identified as the Hammer that got sold for $3.54 million at New-York based Christie’s in May 2006.

Whilst the record for a Guarneri was set up during an auction in 1988, when a 1743 specimen from Cremona generated $1,126,088 at Sotheby’s in London. This proud owner of the Guarneri would be adding it to his existing collection of 15 violins. The violin has not been played in public for almost 70 years, but Viktorov assured that the instrument would now be played frequently in public.