Going, Going, Sold!
In an extraordinary sales event, Philips Auctions closed off July with a double auction featuring the highly successful Timothy Menzel Fine English Porcelain Collection, followed by a blockbuster Decorative Arts auction that was the sales focus of the year.
Demonstrating the calibre of the Philips team, the offering and successful sale of the important Eugene Von Guérard oil painting The Pinnacles, Cape Woolamai represents a major milestone in the years auction calendar. The record breaking sale was delivered with strong bidding, opening at $30,000 and rising in $5,000 lots to achieve a great outcome of $198,000 including buyers premium. The vendor was thrilled with the stunning result, proving the market’s appetite for quality items with great provenance.
Director Tony Philips said “This major result represents great teamwork, and the trust our vendors place in us when dealing with serious and valuable works.”
The much anticipated Timothy Menzel Fine English Porcelain Collection was an outstanding success with great attendance and spirited bidding that saw a 100% sales result, and delivered a terrific outcome of $160,800 including buyers premium that was three times above the lower estimate.
Fierce and exciting phone bidding pitted bidders from New York and London, securing the sale of a captivating Worcester pencilled 'Boy on Buffalo' teapot, and a fine Derby figural group of 'Jason & Medea at the altar of Diana. “Such great contests demonstrate the value of coming to auction and achieving results well above estimate”, said Tony Philips.
Among nearly 300 lots of exquisite porcelain, a rare and magnificently decorated bull in the Hannong Strasbourg technique attracted a great deal of attention, and similarly, an engaging Barr & Barr Worcester pedestal cup and saucer was highly sought after with both lots realising substantial returns.
Delighted vendor Timothy Menzel appreciated the warm efficiency at Philips, and the professionalism that delivered such great results, commenting that whilst he was sad to see such a rare collection go, he could not have been happier with the outcome. Such a great result is a fitting outcome to a lifetime of grand collecting passion.
The following evening’s Modern and Antique Jewellery auction saw 129 bidders compete eagerly for a wide range of items with great results, including a black opal and diamond pendant on chain selling for $4,320, an oval sapphire and diamond cluster dress ring for $6,000, and a stunning Ceylonese sapphire and diamond cluster ring that achieved $4,800. A great bargain for a lucky purchaser was a 2015 Cartier steel and rose gold tank Anglaise wristwatch with a recommended price of $9,600 that sold for $6,000.
Fine and Decorative Arts - Sunday 10th September 2017
Modern and Antique Jewellery - Monday 11th September 2017