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Valuations, Trusts & Estates Review


Welcome to the Bonhams Experience Bonhams’ global Valuations, Trusts & Estates Department is focused on providing professional valuations and sales of your property, and seamlessly managing the process from start to finish. We are the first point of call for our clients and their advisors, however large and complex the appraisal. Whether dealing direct with our clients, their advisors, fiduciaries or trustees, we are dedicated to providing the most professional, confidential and complete service. Our 226 year history is founded on the reputation and excellence of our specialists. In their field, they are also astute business people who know the marketplace. With over 60 different categories of specialist sales from Antiquities to Wine & Whisky, we have the broadest range of any international auction house, selling on four continents and holding more than 400 auctions a year. This brochure briefly explains our services, and gives the contacts and locations of the team nearest to you. We hope you enjoy the review of highlights from our international sales of 2018, and look forward to hearing from you in 2019.


Formal Valuation & Appraisal Services Whatever your requirements, we provide valuations for fair market value, insurance, tax or family distribution purposes. When applicable, our experienced team of directors will provide detailed, strategic plans for the sale of individual items through to the disposal of entire Estates, and small and large scale Private Collection auctions. With teams located across the US, UK and Europe, Bonhams’ Valuations, Trusts & Estates Department offers a truly global service.

• Complimentary initial assessment via photographs or an in-person walk through to assess the scope of work involved and provide a quotation of our fees

• Large and small scale valuations, from individual items to multi-category collections, from city apartments to stately homes, yachts and ski chalets • Carried out on behalf of individuals, fiduciaries, corporations and institutions

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• Covering a range of purposes, from Fair Market Value, Estate Planning and Insurance to Asset Management, Matrimonial Division and Charitable Donation

• Work in tandem with insurers, brokers and professional advisors for clients' individual requirements and bespoke preferences

• Fully-illustrated valuation reports compliant with HMRC and IRS requirements and in line with RICS Red Book industry standards


KEITH HARING (AMERICAN, 1958-1990) Mother and Child, 1986 painted aluminum Sold for US$ 1,296,500 (£ 1,004,116) Bonhams New York


Auction Sales • Over 400 specialist sales held annually across over 60 specialist categories

• Individually tailored marketing and sale plan, whether for individual items or dedicated large scale private collections, including live auction sales, private sales and online sales • Assistance in the complete clearance of items at every price point • Arranging short term storage, shipping and transportation logistics • Estate sale progress statements detailing gross and net sale proceeds

• Flagship salerooms in London, New York, Los Angeles, San Francisco, Hong Kong and Sydney • Network of offices, off-site sale locations and representatives • Unique ability to offer the most appropriate sale location for any item

A SET OF TWELVE SÈVRES PLATES FROM THE 'SERVICE DE DESSERT MARLY ROUGE' FOR THE EMPEROR NAPOLEON circa 1809 Sold for £ 81,250 Bonhams London

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Tax & Cultural Heritage (UK Only) Bonhams Tax & Cultural Heritage Department offer the following services: For Estates: • We support applications to the ‘Acceptance in Lieu’ and Conditional Exemption schemes for ‘pre-eminent’ objects and paintings. For Individuals and Companies: • We provide valuations and negotiate settlements for the Cultural Gifts Scheme on significant objects and works of art. • We can assist with Private Treaty sales to the Nation for previously exempted items, as well as other Capital Gains Tax valuations and calculations.

Bonhams assisted Joan Symons and her advisors with the successful allocation of the ‘Symons Collection of Medical Objects’, through the Cultural Gifts Scheme, now on permanent display at the Royal College of Physicians.

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Private Sales

• Confidential sales by Private Treaty outside the auction environment and calendar

• Discreet, bespoke service for both vendors and clients building a collection

• Ability to source exceptional items not available on the open market

• Private ‘By Appointment’ exhibitions and previews held around our global network of salerooms, to offer works to our VIP clients.

FRANK AUERBACH (BRITISH, BORN 1931) Figure on a Bed II, 1967 oil on board Sold for £ 1,448,750 Bonhams London

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House Sales, Private & Iconic Collections

• Proven track record in holding highly successful single-owner collection sales, both in our international salerooms and on-site.

• Department comprises senior directors with a wealth of experience, who have worked on many notable collections.

• We oversee the entire auction process from initial sale proposal through to cataloguing and marketing the auction.

• The House Sales, Private & Iconic Collections team work in conjunction with our specialist departments to deliver the most rewarding client experience. • We provide a detailed report listing auction estimates for the collection.

• Detailed marketing strategies have ensured numerous exceptional sale results often doubling pre-sale estimates and delivering 100% sell-through rates.

DALE CHIHULY (AMERICAN, BORN 1941) Massive Chandelier, 2004 Part of the Chihuly Spa, Bishopsgate House The Juffali Collection sold for a total of £ 7,144,138 100% sold by lot and 100% sold by value

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Review of the Year

FERNANDO BOTERO (COLOMBIAN, BORN 1932) Adam and Eve, 2003, bronze Sold for £ 2,048,750 Auctioned on site at Bishopsgate House, as part of The Walid Juffali Collection


Post-War & Contemporary Art In 2018 Bonhams Post-War & Contemporary Art departments in London, New York and Hong Kong sold 83% of lots offered, with over one-third of the items sold exceeding their high estimates. Significant results were achieved for works by Keith Haring, Frank Auerbach, Jean Dubuffet and Carl Andre, as well as the world record for a work by Fernando Botero.

YAYOI KUSAMA (JAPANESE, BORN 1929) No. A.A.,1958 oil and ink on canvas board Sold for £ 608,750 Bonhams London INTERNATIONAL REVIEW 2019 | 13


Impressionist & Modern Art 2018 was a record-breaking year for Impressionist & Modern Art at Bonhams: the Department achieved their highest-ever sale total in October, which featured the sale of Foujita’s masterpiece, La Fête d'anniversaire. In the last 5 years Bonhams has increased its market share in this category by 176%, with our sale totals and sell-through rates at their highest in the Department’s history.

LÉONARD TSUGUHARU FOUJITA (1886-1968) La fête d'anniversaire oil on canvas, signed and dated 1949 Sold for £ 7,096,250 Bonhams London

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Modern British & Irish Art The appetite for Modern British & Irish Art continues unabated, and 2018 saw the highest sales total ever achieved by the department. Over the past three years our New Bond Street auctions have seen an impressive average sold rate of 80%, with almost a third of lots offered achieving in excess of their upper estimate.

HENRY MOORE O.M., C.H. (BRITISH, 1898-1986) Mask alabaster, carved in 1929 19.2 cm. (7 1/2 in.) high Sold for ÂŁ 3,248,750 Bonhams London


American Art THEODORE EARL BUTLER (1861-1936) Flag Day oil on canvas Sold for US$ 552,500 (£ 427,348) Bonhams New York


Old Master Paintings ANGLO-DUTCH SCHOOL, LATE 16TH / EARLY 17TH CENTURY Portrait of Sir Francis Drake oil on canvas) Sold for £ 356,750 Bonhams London


Russian Art VASILY ROZHDESTVENSKY (RUSSIAN 1884-1963) Still life with a clay jug oil on canvas, dated 1921 Sold for £ 848,750 Bonhams London

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Modern & Contemporary African Art BENEDICT CHUKWUKADIBIA ENWONWU (NIGERIAN, 1917-1994) Portrait of Tutu oil on canvas, dated 1974 Sold for £ 1,208,750 Bonhams London


Fine Chinese Art FU BAOSHI (CHINESE, 1904-1965) Appreciating the Chrysanthemum Under the Pine Trees ink and colour on paper (detail) Sold for HK$ 9,460,000 (ÂŁ 925,103) Bonhams Hong Kong


Chinese Art Bonhams Chinese art sales, held in London, Hong Kong, Sydney, New York and San Francisco, have achieved record prices across many categories including Imperial porcelain, jade carvings, bronzes and cloisonné enamel.

AN EXCEPTIONALLY RARE IMPERIAL MING-STYLE UNDERGLAZE-BLUE AND COPPER-RED VASE, JIU'ER ZUN Qianlong seal mark and of the period Sold for HK$ 23,500,000 (£ 2,316,190) Bonhams Hong Kong

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A GILT COPPER ALLOY FIGURE OF PADMAPANI LOKESHVARA Tibet, circa 1400, with inset turquoise, coral and lapis Sold for HK$ 19,300,000 (£ 1,902,232) Bonhams Hong Kong

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Sole Bentley survivor of this Barker body style 1928 BENTLEY 6½ LITER OPEN SPORTS TOURER Coachwork by Barker & Co. Sold for US$ 1,655,000 (£ 1,269,794) Bonhams Quail Lodge


Motor Cars A world-renowned international Motoring Department that annually conducts more scheduled auctions than any other auction house.

'2 VEV' - The ex-Essex Racing Stable 1961 ASTON MARTIN 'MP209' DB4GT ZAGATO GRAND TOURING TWO-SEAT COUPE Sold for £ 10,081,500 Bonhams Goodwood


AN EMERALD AND DIAMOND PENDANT/NECKLACE by Hennell, first quarter of the 20th century Sold for £ 1,328,750 Bonhams London 26 | BONHAMS


Jewellery Bonhams holds 25 dedicated jewellery auctions worldwide, more than any other international auction house, sourced by 22 qualified specialists, each with an in-depth knowledge of the international jewellery markets.

A FINE FANCY PINK DIAMOND square-cut, weighing 5.03 carats Sold for ÂŁ 2,228,750 Bonhams London A world record for a fancy pink diamond per carat INTERNATIONAL REVIEW 2019 | 27


Fine Watches PATEK PHILIPPE. A FINE AND RARE STAINLESS STEEL AUTOMATIC CALENDAR BRACELET WATCH Jumbo Nautilus, retailed by Asprey, Ref. 3700/1

Sold for £ 150,000 Bonhams London


Native American Art AN EXCEPTIONAL TLINGIT RATTLE Attributed to Kadjisdu.axch circa 1770-1790 Sold for US$ 504,500 (£ 391,016) Bonhams Los Angeles


Fine Clocks A HIGHLY IMPORTANT SOUTH GERMAN ASTRONOMICAL TABLE CLOCK FROM THE GROUP KNOWN AS "THE ORPHEUS CLOCKS" circa 1570 Sold for US$ 275,000 (£ 210,993) Bonhams New York


Russian Works of Art AN IMPERIAL PRESENTATION JEWELLED, GOLD, ENAMEL AND HARDSTONE KOVSH Fabergé, workmaster Michael Perchin, St. Petersburg, Presented by Tzar Nicholas II to Viscount Churchill, Balmoral Castle, 1896 Sold for £ 236,750 Bonhams London


Entertainment Memorabilia KEN (K.K.) DOWNING/JUDAS PRIEST: A GIBSON FLYING V GUITAR, 1967 (detail) Sold for £ 150,000 Bonhams London


Books & Manuscripts ISAAC NEWTON (1642-1727) Autograph Manuscript in Latin, being detailed instructions on making the philosopher's stone, titled "Opus Galli Anonymi" Sold for US$ 275,000 (ÂŁ 212,707) Bonhams New York


Important Design AN IMPORTANT PAIR OF WILLIAM IV SILVER-GILT SIX-LIGHT CANDELABRA FROM THE PEMBROKE SERVICE by Paul Storr, London 1835 Sold for £ 236,750 Bonhams London


A NAPOLEON III GILT BRONZE MOUNTED TORTOISESHELL, BRASS AND PEWTER 'BOULLE' MARQUETRY EBONY MEUBLE D'APPUI circa 1865, attributed to Charles-Guillaume Winckelsen Sold for £ 62,500 Bonhams London

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Fine Wine ONE DOZEN BOTTLES OF DOMAINE DE LA ROMANÉE-CONTI 1988 Sold for £ 179,250 Bonhams London


Fine & Rare Whisky MACALLAN VALERIO ADAMI 1926-60 YEAR OLD WHISKY Sold for HK$ 8,636,250 (£ 853,058) Bonhams Hong Kong INTERNATIONAL REVIEW 2019 | 37


Modern Decorative Art + Design CLAUDE LALANNE (BORN 1924) Unique Structure Végétal aux Papillons Chandelier 1998 gilt and patinated bronze Sold for US$ 564,500 (£ 436,630) Bonhams New York

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Fine European Ceramics A HIGHLY IMPORTANT GOLD-MOUNTED DU PAQUIER TUREEN, COVER AND STAND, 1735-40 A gift from the Holy Roman Emperor, Charles VI to one of the Imperial Princesses Sold for £ 536,750 Bonhams London A world record for a piece of Du Paquier porcelain INTERNATIONAL REVIEW 2019 | 39


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Please go to bonhams.com to see a full list of our offices


Valuations, Trusts & Estates Directors United Kingdom London Harvey Cammell +44 (0) 20 7468 8230 harvey.cammell@bonhams.com Robin Hereford +44 (0) 20 7468 8229 robin.hereford@bonhams.com Mike Neill +44 (0) 20 7468 8206 mike.neill@bonhams.com Charlie Thomas +44 (0) 20 7468 8358 charlie.thomas@bonhams.com

Bath

Edinburgh

Oxford Charles Graham-Campbell +44 (0) 131 240 2294 charles.grahamcampbell@bonhams.com Grant MacDougall +44 (0) 131 240 2293 grant.macdougall@bonhams.com Jeff Muse +44 (0) 1225 788 980 jeff.muse@bonhams.com Michael Wynell-Mayow +44 (0) 1865 853 641 michael.mayow@bonhams.com

Exeter

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Guildford

Sufolk Charles Lanning +44 (0) 7770 925 826 charles.lanning@bonhams.com Antony Bennett +44 (0) 1244 434544 antony.bennett@bonhams.com Robert Smith +44 (0) 1483 504 030 robert.smith@bonhams.com Michael Steel +44 (0) 1284 716 190 michael.steel@bonhams.com

Glasgow

Leeds Gordon Mcfarlan +44 (0) 141 223 8866 gordon.mcfarlan@bonhams.com Simon Mitchell +44 (0) 7967 552 603 simon.mitchell@bonhams.com


Europe & United States Paris Catherine Yaiche +33 1 42 61 10 10 catherine.yaiche@bonhams.com Emma Dalla Libera +39 06 485 900 emma.dallalibera@bonhams.com Victoria Rey-de-Rudder +41 22 300 3160 victoria.reyderudder@bonhams.com Thomas Kamm +49 89 24 205 812 thomas.kamm@bonhams.com

Los Angeles Leslie Wright +1 323 436 5408 leslie.wright@bonhams.com Joseph Francaviglia +1 323 436 5443 joseph.francaviglia@bonhams.com Lydia Ganley +1 323 436 5496 lydia.ganley@bonhams.com Paul Song +1 323 436 5455 paul.song@bonhams.com

New York Sherri Cohen +1 917 206 1671 sherri.cohen@bonhams.com Katie Tolson +1 917 206 1613 katie.tolson@bonhams.com Alanna Butera +1 212 461 6529 alanna.butera@bonhams.com

San Francisco Victoria Richardson +1 415 503 3207 victoria.richardson@bonhams.com Celeste Smith +1 415 503 3214 celeste.smith@bonhams.com

Rome

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Bonhams Global Network International Salerooms London 101 New Bond Street London W1S 1SR +44 20 7447 7447 +44 20 7447 7400 fax

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Nigeria Neil Coventry +234 (0)8110 033 792 +27 (0)7611 20171 neil.coventry@bonhams. com

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Beijing Jessica Zhang Suite 511 Chang An Club 10 East Chang An Avenue Beijing 100006 +86(0) 10 6528 0922 +86(0) 10 6528 0933 fax beijing@bonhams.com

Austria Thomas Kamm +49 (0) 89 2420 5812 austria@bonhams.com

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France 4 rue de la Paix 75002 Paris +33 (0) 1 42 61 10 10 paris@bonhams.com

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A5 Artmarket review 2019 UK  

A5 Artmarket review 2019 UK  

Profile for bonhams