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Sotheby’s managed to squeeze two sales and a prank into its Frieze week evening auction of contemporary art on last Friday. The first sale consisted of 25 works from the estate of US management consultant David Teiger, all of which sold for a top estimate of £35.9 million ($47.1 million). A well-respected figure on the European circuit, Teiger bought new art from the leading dealers of the ’90s and the aughts—rarely, if ever, at auction.
The sale got off to an electric start with a 2002 painting by German artist Kai Althoff. It attracted bidding from several dealers, including Nicolai Frahm, before racing to a record £574,000 ($753,000).
An unusual lot of Chinese interest comes to auction on March 31st (Easter Saturday) at Coldingham Borders Auctions in the Scottish Borders. It is an antique collection of Japanese and Chinese butterflies in excellent condition and acquired in China some fifty years ago. Most of the butterflies bear their Formosan names and all are captioned in Chinese (Mandarin), Japanese and English.
A spokeswoman for the auctioneers said last night, “This is a most unusual collection in absolutely excellent condition. It is difficult to put a value on this Lot because it is so rare but we are expecting bids in the hundreds of pounds after canvassing interest.’
‘We have been asked by the same vendor to sell his collection of pottery and porcelain, most of it acquired in the Far East. Although there is nothing particularly rare, there are some attractive enough pieces – Kangxi plates, Guangxu sleeve vases and the usual Canton ware – and there should be no difficulty finding good homes for them.’
The auction takes place in Coldingham Hall on Saturday March 31 at 11a.m. It is broadcast live by EasyliveAuction.com and the catalogue goes up on line at Easylive and at www.coldinghamborders auctions.co.uk on March 21. This is the Borders-based auctioneer’s fourth sale of art, antiques and collectables in nine months after its May 2017 launch.
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