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Chinese art market losing steam

A little jostling is going on between Bonhams and Christie as to who did best in London Asian art sales. Christie claims pole position for Chinese antiques with 28 million, which is incontestable. But Bonhams gets the higher figure for the week at 31 million by virtue of a record 4.6 million million sale of Japanese art. Bonhams also claimed the top price of the week with a 9 million Chinese vase, but Christie might claim the biggest surprise. In its South Kensington sale, a tiny ivory stamp with a carved lion handle, described as 19th or 20th century, had been replica cartier love bracelet bought by a British collector in Hong Kong in the 1940 and was estimated at 3,000. Imagine the owner face when it sold for fake Cartier love bracelet gold and diamond 646,000. The figures must be satisfying for Bonhams Asian art head, Colin Sheaf, who left Christie to work for Phillips (before it became Bonhams) over ten years ago. When he did, Christie staff were said to have thrown darts at a picture of him in their office. Maybe they are doing that again now. buy cheap imitation Cartier love bracelet Overall, though, some steam has gone out of the Chinese market as many of the higher valued lots went unsold.

New York did not set the only photography records last week. In a Christie sale in Paris, a selection of 100 works by Henri Cartier Bresson were offered from the Cartier Bresson Foundation, and one sold for 433,000 Euros. The photographer was famously uninterested in exploiting the art market, and never made editions of his prints. Instead, he signed the cartier love bracelet imitation ones he wanted people to have. The others, he said, were never meant for sale and should be valueless.

Two early works by Francis Bacon were withdrawn from Sotheby sale in New York last week as they had been denied an export license by the British government due to their national cultural importance. Dating from c.1935, they are early views of interiors made when Bacon was making a living as an interior decorator. Tate is hoping to include one of them in its exhibition about the influence of Picasso on British art next year. Curiously, both had been on the market before in the last ten years had a UK institution wished to buy them.

This week, the seemingly recession proof market for LS Lowry comes under the spotlight in the London auction rooms with 30 paintings and drawings up for sale estimated at between 14 million and 20 million. Next week it the turn of the Greeks to see if Greek art is something in which they want to invest during these troubled times. Meanwhile, at the Olympia Art and Antiques Fair this week, a collection of 600 antique Greek coins worth several million pounds is on view prior to being auctioned in New York.
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