Jun 17, 2019
It’s that time of year when sporting heroes come to the fore again. Lewis Hamilton continues his dominance of Formula One, Rafa Nadal wins his 12th French Open title – aged just 33!! – and England’s Women’s Football team leads its groups in the initial stages of the World Cup… I could go on.
Along with music, sport serves a vital role of bringing all sorts of disparate people together in a common cause – something we need now more than ever – and it is not always the obvious candidates who become heroes. Look at how the Mexican underdog Andy Ruiz Junior, trolled for appearing overweight and flabby, took out Anthony Joshua in the boxing ring at the beginning of the month.
Sport is not just about achievement and titles; above all, it is about character. That’s why Babe Ruth’s baseball jersey sold for $5.6 million at auction on June 15, to become the most expensive piece of sports memorabilia in history, breaking the previous record, which was also for a Ruth jersey.
Known to have survived largely on hot dogs and beer, Ruth was a big man but, along with his penchant for cigars, he could not have been in the best shape and, indeed, he died of cancer aged 53. This didn’t stop him from recording 714 home runs across 22 seasons, winning seven World Series.
The greatest slugger of them all remains a hero, transcending his sport to enter America’s national conscience as a cultural icon.
Jun 10, 2019
One of the most important factors affecting value for many items going to auction is the maker. This is particularly true when it comes to fine art, whether drawings, prints, paintings or sculpture.
It can be quite hard to get your head around how this works with conceptual art – an idea conceived by an artist but actually executed by their assistants, without them having a hand in its manufacture. Certainly, with Old Master portraits, many of which were completed by studio assistants, it is only when we know that the most important parts – usually the face and hands – were painted by the master himself that we can call it an autograph work and the price shoots up. This is why catalogue descriptions can range from ‘attributed to’ all the way down to ‘Circle of’, ‘School of’ or ‘Follower of’.
The magical hand of the artist has made all the difference to the star of this year’s Royal Academy Summer Show Keep Ou. Another comment on Brexit by the mysterious Banksy, he has used as his ‘canvas’ an arrivals gate from Terminal One, Heathrow, sold off last year as surplus to requirements. I have no idea what the price was when the hammer fell then, but you can bet that the RA price tag is considerably higher.
Jun 3, 2019
There is no doubt that the most transformative development for auctions over the past twenty years has been the internet and online bidding. With potential buyers able to log in and bid from anywhere in the world, a typical auction might now have bidders taking part from dozens of countries around the world – and that’s on top of those bidding via the phone or commission. That’s good news for consignors, who now enjoy far larger audiences for their possessions, and good news for buyers, who can now gain access to multiple sales from the comfort of their armchair.
But with every bonus, there is also a catch: fewer people bother to come and bid in person in the saleroom. Why does this matter? In my opinion, it makes it more difficult to create an ‘atmosphere’ for any sale, making the auctioneer’s job a bit more challenging, but I also think that the less people visit auction houses, the more difficult it will be for them to grasp what a fantastic way this is of doing business for buyers and sellers.
So my advice is this: whether or not you end up bidding online, get to pre-sale viewings as often as possible and make sure you also attend the odd auction in person. That is the way to become a real expert and give yourself the edge in the long term.
May 27, 2019
The European elections operate by a somewhat complex system of proportional representation instead of the first-past-the-post arrangement used for local and general elections in this country.
The exercise of this last week reminded me that not all auction systems are the same either.
Traditionally, as we know, the auctioneer will offer a lot at a starting price and then accept bids on it as the sums offered rise. Assuming the eventual bid is above the reserve – or at least within the range agreed for the auctioneer’s discretion – when the hammer falls the lot is sold.
However, other methods include the Dutch auction, first used in the Netherlands during Tulip mania in the 17th century, where the auctioneer will lower the price from the starting offer on an item until it wins a bid.
This system developed because tulip bulb inflation rose at such speed that establishing a market value on any given day became impossible by any other practice.
Even more complex systems of bidding can be used under special circumstances, for instance when selling a large collection. Though the desire may be to keep the collection together, enough demand may not arise to achieve this, so a dual system can be employed to test the water in which all lots are first offered singly and then, once the collective price has been established, the auctioneer will see if any single bidder is prepared to outbid that sum, thereby winning the whole lot.
It’s nice to know that, with skill, auction professionals can adapt their service to the needs of any given situation.
May 20, 2019
It’s not often that something comes up for auction that is so outstanding and iconic that it stays in the memory forever, but something popped up in my InBox today that fitted the bill exactly: the world’s oldest Porsche sports car.
What a magnificent piece of design!
Dating to 1939, the Type 64 is the only model left from the three designed and built by Ferdinand Porsche. A compact coupé intended for road racing, its chief objective was to embody the might and pride of German engineering on the trip from Berlin to Rome. Its sleek lines and aerodynamic form were absolutely of their time, a fitting focus for a backdrop of Art Deco architecture, even if the engine itself was no more than the one fitted to the original VW Beetle.
Its provenance also helps when it comes to appeal and price; from Porsche himself, in 1948 the car passed into the hands of racing driver Otto Mathé before passing on to only two more owners in its 80-year history. Today it is considered the most historically important of all Porsche cars in existence.
So what is it expected to sell for when it comes up for sale in August in the United States?
A cool $20 million. It’s going to be an exciting day on the rostrum.
May 13, 2019
Politics has become a fairly ugly word in recent times, but it can create interest for the auction world, as we have just seen with the sale of items belonging to the late PM Harold Wilson. The sale came a year after the death of his wife, Mary, at the age of 102. A notable poet and confidante of the much-loved Poet Laureate John Betjeman, Lady Wilson was also a judge of the Booker Prize, so no slouch she.
Perhaps the most fascinating aspect of the Wilsons’ lives, as unveiled by many of the lots on offer in the sale, was just how ordinary they were in many ways for the leader of our country and his family. Of the 700 pieces on offer, Wilson’s trademark Gannex raincoat and pipe proved to be among the most sought after, with the latter taking a six-times-estimate £320. My favourite lot was the bottle of centenary HP Sauce made for the PM, which took £250.
Now, I understand, that the Wilsons’ bungalow in the Scilly Isles, where they spent many a happy holiday walking with packed lunches, is also up for sale. Devoid of luxury, it harks back to an era before the complex times we live in today.
The dispersal of the Wilsons’ rather simple and modest collection of belongings made me wistful in more ways than one.
May 7, 2019
A lot of people will have heard of the Bauhaus, but I suspect few will know what it was. As 2019 is its centenary, this is the perfect time to find out more.
In short, the Bauhaus was an art school in Weimar, Germany, founded by the modernist architect Walter Gropius. Although directed towards architecture, the philosophy that underpinned the Bauhaus was all about providing the complete package when it came to building, interior design and art. Look around you today and you will see its influence in everything from industrial design and graphic design to contemporary architecture and even typography.
The Bauhaus moved to Dessau in 1925 and then Berlin in 1932 before falling victim to Nazi disapproval just a year later; Hitler promoted classical architecture and despised what he saw as the communist ideals behind what the Bauhaus represented.
In 14 short years, the Bauhaus changed the way we looked at the world, sweeping away the staid conventions that had dominated the design of buildings, works of art and everyday items for centuries, just as the old order that had dominated Europe for centuries also faced its demise at the end of the Great War.
In many ways, the Bauhaus was very much of its time. Had it survived, it’s likely that its influence would have declined as its ideas diversified, diluting its original vision.
As an auctioneer, Bauhaus-influenced material turning up in the saleroom is almost always a boon, its force and beauty inevitably lead to furious bidding.
Apr 29, 2019
As Tiger Woods donned the green jacket at Augusta on April 14, the world choked back a tear. Not only was this one of the greatest sporting comebacks of all time, it was also redemption for a man who, admittedly partially through his own fault, had spent years plagued by his own set of personal demons.
Golfing memorabilia is among the most sought-after at auction, although prices have softened in recent years, rather reflecting the fortunes of Woods. With the return to form of golf’s greatest modern star, I can well see prices rising once more, as an increasing number of fans take an interest in clubs, balls and other ephemera.
With this in mind, keep an eye out for the price made by what is purported to be the oldest golf scorecard in the world, dating to December 2, 1820. As I write this, the May 1 sale still has to take place, but by the time you read it, the card, estimated at £2500-3500 for an Edinburgh auction, should have sold.
It records the shots played by a Mr Cundell over ten holes at Musselburgh, where his score was 84 – hardly magnificent, but, as we learn from his own commentary added to the card, he faced a “dreadful storm of wind and rain”. He made another impact on the game, however, publishing one of the first ever rule books on golf in 1824.
Apr 23, 2019
After decades in the business, it never ceases to amaze me how new developments can still amaze me! The latest to do so is artwork generated by artificial intelligence now selling at auction. It’s not often that I dwell on the philosophical, but I do wonder whether anything created by a computer programme, without the input of the spark of life and spiritual inspiration, can be classified as art. I’m not expecting an answer to that one in the next five minutes – after all, the human race has been creating art for at least tens of thousands of years and no one has yet been able to pin down a catch-all precise definition of what art actually is, and in many ways I hope they never do, because that would break art’s magic spell.
This calls to mind the late great Kenneth Clark, whose ground-breaking TV series Civilisation put the cultural cap on the 1960s, exactly 50 years ago (it ran from February to May 1969).
In his introduction to the first episode, entitled The Skin of our Teeth, Clark famously opined: “What is civilisation? I don’t know; I can’t define it in abstract terms, but I think I can recognise it when I see it.” Of all the emblems of civilisation across the world, what did he decide to use as his backdrop to illustrate this point? Notre Dame in Paris.
Apr 15, 2019
Whatever happened to Freddy the Fearless Fly? Or Dipper the Dodger? Or how about Podge, Jimmy and his Grockle, Marmaduke Mean the Miser or Flippy the Sea-Serpent?
All now lost in the mists of time, they enjoyed a brief ray of sunlight alongside the rather better known Korky the Cat a week ago when the first ever Dandy annual, from 1938, sold for a tidy £1250 at auction.
The Dandy Monster Comic, as it was then titled, was the first of more than 80 issues published over the years, with characters like the irrepressible Desperate Dan emerging along the way.
Always slightly in the shadow of its rival The Beano, a first (1940) edition of which made £2700 at auction last year, The Dandy was one of the all-time greats and, although still printed as an annual, no longer enjoys a weekly run, replaced some years ago now by an online version instead. Time moves on, I suppose, but it leaves me with a twinge of sadness.
If you really want to make money at auction from comics though, you need to look across the Pond. Superman’s first appearance in 1938 is the holy grail. On the cover and the last ten pages of Action Comics No 1, and now one of the rarest in the world, an example has already made $3.2 million at auction.
