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London's Frieze Week Auctions Kick Off, 40 Years of Patek Philippe at Christie's, Record-Setting Glenfiddich, and More

Art Market News and Analysis
Friday, October 7, 2016


The Frieze Week of Contemporary Art Auctions Begin

by Judd Tully • The private collection of Leslie Waddington, the late and legendary London dealer of modern and contemporary art, kicked off the week of contemporary auctions Tuesday evening with a “white glove,” 100 percent-sold-sale, realizing £28,285,525 million ($36 million) for the 44 lots sold.


Christie's Super-Charged Evening Sale

by Judd Tully • The global art market hit a high note at Christie’s Post-War and Contemporary art evening sale on Thursday, registering an estimate busting £34.2 million ($43.5 million). The tally motored past pre-sale expectations of £14.8-21.8 million, thanks to several super-charged lots.


Phillips's 20th Century and Contemporary Art Evening Sale

by Judd Tully • In a mild mannered and sparsely-attended salesroom on ritzy Berkeley Square, Phillips’s 20th Century and Contemporary Art auction eked out a decent £17,867,750 ($22,692,043) tally. Only four out of the 28 lots offered went unsold for a respectable buy-in rate by lot of 14 percent.


Christie’s Celebrates 40 Years of Patek Philippe’s Nautilus With Global Sales

by Mark Beech • The 40th anniversary of one of the world’s most sought-after watches — the Patek Philippe Nautilus — will be celebrated with a series of global sales by Christie’s. Forty of the Nautilus watches will be offered at four auctions: Dubai (October 19), followed by Geneva (November 14), Hong Kong (November 28), and New York (December 6). These sales come after the Christie’s Patek Philippe 175 auction in 2014.


Glenfiddich Sells for Record $87,000 at Bonhams Edinburgh

by Mark Beech • A single bottle of Glenfiddich has sold for a record £68,500 (about $87,000). The price at Bonhams in Edinburgh is the most paid for Glenfiddich and also a Scottish auction house record for a single malt. Purchased by a bidder in the Far East, the bottle soared above its hammer-price estimate of £25,000 to £35,000.


Sotheby’s Raises $21.6 Million as De Balkany Sale Sets Paris Record

by Mark Beech • Sotheby’s raised an above-estimate €19.3 million at what it said was the most important auction ever staged in France for a collection of decorative arts and paintings. The 700+ lots were owned by the businessman Robert Zellinger de Balkany, who died last year at the age of 84 after more than 50 years of collecting.


Big Cats Need Rehoming: Barn-Find Jaguar E-Type to Rival Restored XK150 at Auction

by Mark Becch • Two classic Jaguars in completely different states of repair will be rivalling each other in the next H&H auction. Although similar in age, the two cars could hardly be more different. One is a fully-restored XK150, while the other is a 1964 E-Type in need of much restoration. Both will be offered at the Duxford Imperial War Museum on October 12.

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