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Rising Value of Unrestored Cars

By Malcolm Welford, Vintage Car Specialist
 

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India art

16th Century Bottle Sells for $683,000

April 24, 2013

Together, two bottles and a rare temple step accounted for almost $2m at Bonhams’ Islamic and Indian art sale in London yesterday. The bottles, as one might imagine, were very special, 16th century Iznik vessels from the Ottoman Empire. One made a new world record at $683,000, and the other sold for $460,000. Both were from the collection of a Deputy Governor of the Bank of England, who paid $765 for them back in 1919.

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Auction House Makes A Killing With A Dagger

September 21, 2012

A relatively small auction house in New Jersey this week sold a jewel encrusted Maghal dagger from Northern India, circa 18-19th Century, for $314,000. They  admitted they had no idea what it would go for, but quickly got a clue when, in addition to the floor, there were 20 phone bidders on the line at Rago Arts and Auction Center.

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16th Century Buddha Highlights Christie’s Asia Week

March 14, 2012

Christie’s Asia Week brings to market a number of illustrious collections, including the late dealer Doris Weiner’s trove of Indian and Asian Art. One of the week’s big highlights, however, comes from the last event in the March 22-24 series, a two-part sale devoted to Fine Chinese Ceramics and Works of Art. The star item is a massive Ming Dynasty gilt-bronze Vairocana, or Celestial Buddha, from the 16th century. Formerly in the collection of Geraldine Rockefeller Dodge, it’s expected to sell for $2m-$3m.

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Solid Asia Week For Christie’s

September 16, 2011

Christie’s was hoping to snare upwards of $50m at its series of Asia sales this week in New York. The auction house did considerably better than that, pulling in almost $76m during its three days of events at which it offered thousands of art objects, including jade, museum quality furniture, rare ceramics and porcelain. Among the highs was the sale of a rare 18th century blue and white Ming-style moonflask, for which a buyer paid $2.7m, almost four times its high estimate.

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The Late Colin Tennant’s Estate

May 24, 2011

Colin Tennant, more lately the 3rd Lord Glenconner, was “born into great privilege,” he once said, and used some of its trappings to acquire and transform the Carribbean island of Mustique. He shaped it into one of the  storied playgrounds of the 1960s and ‘70s, a jet set haven for rock stars and royalty. Then he moved on, with his pet elephant, to a fabulous villa in St. Lucia. Bonhams will sell its highly unusual contents this September in London.

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Half-million Pearls In This Canopy

March 08, 2011

A 150-year old canopy commissioned by a Maharaja who loved jewels will be sold by Sotheby’s on March 24 in New York. It incorporates a half million pearls and a lot of diamonds, sapphires, rubies, and emeralds sewn in to form an intricate floral pattern.

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Asian Art Soars At Christie’s

September 20, 2010

Over four days of Asian art sales last week, Christie’s scored an impressive $70.75 million in sales. Chinese art alone accounted for $55.5 million, the highest total for that category ever achieved in New York. It was, said Christie’s, “a milestone for Chinese Art in the West.”

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Here Come The Brics

April 06, 2010

The stock market knows all about Brics.  Now the auction world is getting in on the action.  “Bric” is  financial shorthand for funds invested in Brazil, Russia, India, and China. Now Phillips de Pury is staging the first auction devoted exclusively to contemporary artists of those four countries on April 23-24, 2010, in London.

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Upcoming Auctions


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    Recent Results

    • At Antiquorum's watch auction in Hong Kong, a Patek Philippe ref. 5074, with complications including a minute repeater with carilon, sold to an Asian collector for $574,791, the top price at the sale.
    • A block and shell mahogany bureau table, dated 1770, by noted colonial cabinet maker John Townsend has sold at Christie's for $2.2m, for than twice its $900,000 low estimate.
    • The '49 Buick Roadmaster featured in the 1988 "The Rainman" movie sells for $170,000.
    • The upright piano from the 1942 classic film "Casablanca"--the one on which Sam plays "As Times Goes By"-- sold for $602,500 at Sotheby's in New York.
    • "The Coachman," the iconic 1923 painting by Boris Kustodiev sold at Christie's Russian Art Auction for a record $7m.
    • see more...

    Eye On: Taxes

    U.S. Taxes on art bought abroad

    Collectors buying art at auctions overseas must be aware of U.S. tax consequences. Here are some tips from Alan Olsen that will help smooth the way.


    Art Bought Overseas CPA Alan Olsen, of Greenstein Rogoff Olsen & Co., talks about the U.S. tax consequences when you purchase art abroad. Watch Video


    Ask Alan A Question


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