Buyers go wild for Savoy sell-off

By Jonathan Sibun Last Updated: 12:32am GMT 22/12/2007 The three day auction of the contents of the Savoy, the iconic London hotel, raised more than twice the pre-sale estimate this week as buyers ignored the doom and gloom pervading the high street to spend more than £1.8m. Famous faces from the world of film and … Read more

The art market in 2008

After the boom comes the gloom AUCTION rooms will be less fun in the year to come than in the year gone by. Throughout 2007, stories of astonishing sales records tumbled out of the press offices of Christie’s and Sotheby’s. Christie’s boasted the highest half-yearly sales in art-market history; Sotheby’s claimed the highest global turnover … Read more

SA can’t afford to keep its art heritage

Melanie Peters   December 23 2007 at 02:09PM Artworks by famous South Africans are expected to fetch all-time record prices when they go under the hammer in London in January. But local art admirers fear the six-figure sums are pricing local galleries out of the market and that South Africa’s art heritage is being lost to … Read more

Black wins in suit against Sotheby’s

Conrad Black may be off to jail soon for fraud, but he has managed to score a legal victory over an old foe – Sotheby’s International Realty. Sotheby’s sued Lord Black last year in New York, alleging he stiffed the company out of a $557,500 (U.S.) commission on the sale of his Park Avenue apartment. … Read more