Tag: auction

  • A Delayed Islamic Week full of Questions: overview of June 2020 results

    A Delayed Islamic Week full of Questions: overview of June 2020 results

    Unprecedented times, unprecedented auctions. The covid-19 pandemic has forced major houses to either move their auctions online, like Millon and Chiswick that successfully rose to the challenge, or push back to a later date, a choice made by Christie’s, Sotheby’s, Bonhams and Dreweatts. The slightly smaller Islamic week was finally held from the 9th to the 25th June and despite the many restrictions, among others on exhibitions and international travels, the results reflect the continuous support from collectors.1

    All the prices indicated below include Premium.

    Christie’s was supposed to open the week but moved their auction more or less last minute to the 25th June. From the relatively small catalogue of 205 lots, 133 lots were sold for a total of £13.361.000, a huge 123% increase compared to the last Islamic week in October 2019 and the second best result for the Islamic department of Christie’s London in the last 10 years.

    Timurid or Aqquyunlu Qur’an on Chinese paper, Iran, 15th century, Christie’s lot 29.

    The star of the auction was of course an extraordinary Qur’an on Chinese paper2, given to the Timurid or Aqquyunlu dynasties in Iran during the 15th century, sold for £7.016.250 (so more than half of the total results). Beside its aesthetic qualities and formidable state of preservation, this manuscript raised more than one eyebrow for the opacity of its provenance. It seems difficult to believe that a manuscript that exceptional had never been published, nor even seen before. For this reason, the single information given by the auction house that the manuscript was “bought by the current vendor’s father in London in the 1980s” was problematic in more ways than one. This type of “non-provenance provenance”3 is used by auction houses as a work-around of the UNESCO 1970 convention, stating that the sale of objects illegally removed from their country of origin after 1970 is prohibited (this doesn’t apply to artefacts removed before 1970).4 Auction houses use the date as a loophole through the vague mention that the object was bought in Europe or in the US after 1970, or came from “the collection of a gentleman”. In the case of this manuscript, nothing is said on how it reached London and it could have very much be stolen from the library in which it was initially preserved, but legally, Christie’s is covered. The manuscript seems legitimate but the complete absence of ownership marks, such as seals, led some to question its authenticity. Beside that, we can question the fact that the catalogue entry rapidly brushed aside the fact that a few folios were replaced at a later date, though it has a considerable importance to understand the provenance of the manuscript – a topic that was definitely not at the centre of Christie’s preoccupations. The later incipit could be Indian, the illuminations showing a Deccani influence (reading “from the region of the Deccan”). If confirmed, this could have helped greatly in tracing the history of the manuscript.
    The house hasn’t yet communicated the identity of the buyer, and with that price, we can easily assume it was bought by a collector or an institution in the Gulf, but we can only hope this Qur’an will be landed for exhibitions and further research.

    Beside the Qur’an, a few lots were expected to reach high prices, including the Portrait of Sultan Mehmet II with a dignitary, probably produced in Venice in Gentile Bellini workshop. Because Bellini is the most famous Italian painter making the travel to Istanbul in the 15th century, every painting that can be related to him is always put forward in auctions. Initially given at £400.000-600.000, it was sold £935.250.
    Other mentions, a Tuhfat al-ahrar copied by the calligraph Sultan Muhammad Nur at the beginning of the 16th century. Valued at £200.000-300.000, the manuscript, decorated with gorgeous borders, went for £923.250.

    Nur al-din ‘Abd al-rahman Jami, Tuhfat al-ahrar, signed Sultan Muhammad Nur, 16th century, Christie’s 25th June 2020, lot 53

    I was particularly waiting for the 12th and 13th centuries Kashan ceramics making a reappearance on the market after years of absence.5 Without surprise, the small moulded jug largely exceeded its valuation of £50.000-70.000 and reached £401.250, but surprisingly, the turquoise glazed reticulated cockerel-head pottery ewer, valued at £100.000-150.000 remained unsold. Given the price of the previous piece, it is hard to explain why this one didn’t find a buyer.

    Kashan turquoise glazed retuiculated cockerel-head pottery ewer, Christie’s lot 8, unsold.

    Also unsold was the Kashan turquoise glazed pottery pitcher presented by Sotheby’s on the 10th June. Valued £120.000-160.000, this ewer was one of the auction star items, and had a clear recent provenance, having been in Edward Binney III’s collection. Bonhams had two Kashan pieces, a classic brown, white and blue star tile with calligraphic borders sold for £3.812, and a nice lustre pottery bottle with figurative decoration, damaged but nicely restored, valued £2.000-4.000 and sold £2.805 (so just above the low estimate without the 25% Premium).

    These results are particularly interesting. While I was waiting for Kashan ceramic to come back with a bang, it seems that buyers were not particularly ready for it. The small moulded jug created interest for its aesthetic qualities and significance in the history of arts, the decoration announcing Iznik productions, centuries later, in several ways. Bonhams jug was inexpensive but clearly the cockerel-head ewer and Binney pitcher were too risky to invest in, especially after the several controversies of falsifications from a few years ago.

    An elegant feminine figure on Bonhams Kashan lustre pottery bottle, late 12th c., lot 63.

    Sotheby’s had a larger catalogue of 321 lots, of which 173 were sold for £3.656.000, a 33% decrease compared to the almost £5.5 millions made last October. Only a handful of items went above six figures, the 12th/ 13th c. Nasrid pyxis reaching £519.000. I was personally not convinced by the very early date given by Sotheby’s with the support Julian Raby, director of the Freer| Sackler Gallery in the Smithsonian, just because most of the known pieces of this production are attributed to the 15th century. The wood was dated with radiocarbon C-14 between 970 and 1032 with 95% confidence, but I am always a bit dubious when it comes to C-14 tests. Indeed, wood, like stone, can be reused generations later if preserved in the right conditions, and if it is a known fact for architecture (never date a building by its beams!), it can also be true for small items made of several pieces of wood joint together. That being said, 12th or 15th century, this pyxis is in remarkable conditions and its decor particularly rich.

    A rare Almohad or Nasrid Pyxis, Spain, maybe 12th/13th c., Sotheby’s lot 87.

    The second star item of Sotheby’s auction was a Diwan of Hafiz copied by the calligraph Shaykh Mahmud Pir Budaqi in 867/ 1462 and dedicated to the library of the prince and keen collector Pir Budaq (d. 1466). This manuscript is of great significance for the history of Islamic arts so the selling price, £375.000, didn’t really come as a surprise. The narcissus, previously discussed on this blog, went for £10.000.

    Sotheby’s also presented three Abbasid potteries, two of which were sold within their range, and one Samanid dish unsold. Like Kashan ceramics from the 12th and 13th centuries. Abbasi Iraqi pieces from the 9th/ 10th c. and Samanid Central Asian from the 10th c. represent a gamble, as well as gold dinars and silver dirhams, such the 18 lots presented by Bonhams on the 11th June. Their second biggest lot was an Umayyad gold dinar from the reign of the caliph ‘Abd al-Malik, fifth caliph of the dynasty, (685-705) dated 77/ 696-97. I personally love numismatic, though it is one of the most driest fields of study, for coins truly constitute prints of history. This one is particularly significant, having been minted less than 10 years after the foundation of the Dome of the Rock in Jerusalem. Unfortunately, the estimation £100.000-150.000 was too high for collectors, and overall only six of the eighteen lots of coins were sold.

    Bonhams sold 100 of the 247 lots presented, for a total of £1,368,681.25, a small 4.42% decrease compared to last October. As previously, the auction house focused on Indian and Sikh arts, an orientation demonstrated by their main lot, a gem-set gold forehead pendant (chand-tikka) from the collection of Maharani Jindan Kaur (1817-63), wife of Maharajah Ranjit Singh (1780-1839). What a lady she was! The short biography given by Bonhams gives a glimpse into the complexity of her life and the immense strength she held.6 The forehead from her collection, quite simple but refined, and of historical importance, was sold £187.562.

    It has been particularly interesting to follow these spring/ summer auctions, whether moved online or postponed. In both cases, collectors have responded well to the changes, though Sotheby’s results were lower than expected. We can hope that autumn auctions will go ahead without too much trouble, but so far 2020 has been full of (really bad) surprises. In the meantime, stay safe and please wear a mask in public!

    Nur al-din ‘Abd al-Rahman Jami, Tuhfat al-ahrar, Iran, probably Tabriz, 947/ 1540-41 (detail), Sotheby’s lot 29, sold £47.500
    1. For a presentation of the auctions, see my article for lot-art.com.
    2. Edit June 2021: The catalogue entry for this Qur’an has been removed from Christie’s website.
    3. Term coined by Dr. Stephennie Mulder on Twitter.
    4. You can read the full text here. You can also read my article on recent illegal looting in Syria and the impact on the market here.
    5. Named after the city of Kashan in Iran, located south of Tehran, in which a very large centre of production was particularly active during the Seldjuk dynasty rule, roughly 11th- 12th centuries. It continued to be very active until the end of the Safavid dynasty rule in the 18th century.
    6. You can also go read this article on The Guardian about her.
  • Autumn 2018 London Islamic week: results overview

    Autumn 2018 London Islamic week: results overview

    This Autumn Islamic week is over, and what a week it has been! The selection of Bonham’s, Sotheby’s and Christie’s included some breathtaking treasures but also some interesting novelties that I have been really happy to follow. For my predictions prior to the week, you can read my article on this site, or the one I wrote for Lot-Art.com.

    Overall, the three auction houses did pretty well considering the increasing limitations of the market. Bonham’s sold 77% of their 220 lots for a total of £2,513,750; Sotheby’s sold only 53% of the 256 lots presented in the catalogue (three being removed from the auction) but achieved £8,988,25 and broke its own record with the sale of the Debbane Charger for £5,359,950; finally Christie’s achieved £5,075,250 by selling 56% of the 382 lots presented.

    The Debbane Charger bid, a great moment for the Islamic Arts market

    Beside the Debbane Charger, other lots were expected. The emerald seal bearing the name of Marian Hastings, wife of Warren Hastings, Governor General of India from 1773 to 1785 was presented by Bonham’s for only £20,000/30,000, almost nothing when we know the historical importance of the piece, not to mention its intrinsic value (the stone itself is 21.6 x 16.7 x 3.43 mm approx.). Without surprise, it reached £181,250. The gorgeous Reclining Man signed by Riza ‘Abbasi and presented by Chritie’s for £100,000/150,000 achieved £512,750, but not before I could ask the staff to unframe the painting for me to see it up close!*

    The three Samanid bowls from the Soudavar collection I discussed in my article for Lot-Art did exceptionally well, better than I was expecting, selling at £65,000 (estim. £15,000/20,000),£12,500 (estim. £12,000/15,000) and £68,700 (estim. £30,000/50,000). The second one was lower and didn’t do very well because of its restored state, but especially because of its non-calligraphic decoration, less valued by collectors. The third plate is comparatively the best preserved, and though it was obviously broken, the repairs are not too important and clearly visible.

    Left: lot 46 sold £68,750. Right: lot 45 sold £12,500

    The last 20 lots presented by Bonham’s were exclusively dedicated to Sikh art. I am happy to see that collectors have indeed followed after the Toor collection exhibition last September and most of the artifacts were sold for good prices.For instance, a 19th century metal-thread embroidered velvet panel depicting Guru Nanak with Bala and Mardana valued at £2,000/3,000 achieved £10,625, and a gold Koftgari steel helmet produced in Lahore around 1840 surpassed its estimation of £5,000/7,000 to achieve £27,500.

    Bonham’s lot 2016, sold £27,500

    There were also many surprises during these auctions, reflecting how difficult it can be to foresee the fluctuations of the market.

    The Diyarbakir mihrab tile panel presented by Sotheby’s for £300,000/500,000 didn’t do as good as I was expecting, reaching only £250,000. More importantly, sale of Ottoman figurative paintings, which I thought would be a “done deal” after the success of the previous Islamic week, completely crumbled. Sotheby’s presented two important lots, an album of costumes attributed to Fenerci Mehmed, valued £200,000/300,000, and the painting of the audience of the Polish Ambassador in the Topkapi Palace, dated 13 August 1707 and valued at £18,000/25,000, both remained unsold. Christie’s offered three lots: a page from the story of Miqdaq bin Aswad, signed and dated from the 16th century, valued at £80,000-120,000, a Qisas al-Anbiya from the 17th c. for £60,000/80,000 and a genealogical tree of the Ottoman dynasty, probably produced in France for the Turkish market at the beginning of the 19th c., valued at £20,000/30,000. Though the last one is not technically Turkish, the style of the portraits is closer to Ottoman painting than French portraiture. Only the Qisas al-Anbiya was sold for £68,750, not particularly high considering its valuation. Were the experts too confident after the success in the Spring? Maybe. Whatever it be, Ottoman figurative painting is visibly not there yet, while illuminated manuscripts and prayer books including views of sacred sites continue to do relatively well without breaking records.

    A detail of the Baburnama page showing pigment deterioration

    Christie’s was presenting a page of the first Baburnama produced under the patronage of the emperor Akbar and presented to him in 1589. This manuscript is extremely important for the history of Mughal arts of the book but the page remained unsold. This can maybe explained by the pigments poor state of preservation, or by the fact that the emphasis was put on the next lot, a gorgeous representation of the goddess Bagalamukhi enthroned in a golden temple, valued at £80,000/120,000 and sold £137,500, that maybe distracted the buyers. There is no doubt in my mind that this
    Baburnama page will reappear in the near future, but maybe with a less enthusiastic estimation.

    Bonham’s and Christie’s both presented Safavid pottery tiles of different qualities and pricing. Both did relatively well, Christie’s sold four of their eight lots (not six as announced in my previous article) and Bonham’s six of their eight, mostly within the valuation ranges. We will see what happens during the next auctions and if the number of Safavid tiles continues to increase but we might have to wait a while before Safavid tiles become the new Iznik. As always, the three auction houses presented a large quantity of Iznik dishes, Bonham’s just one and one 19th century copy, Christie’s twelve lots and three copies, Sotheby’s twenty-four lots including the Debbane Charger, and three copies. The market is literally saturated with Iznik potteries and I’d be tempted to say that enough is enough, but most lots find a buyer, sometimes for insane prices as demonstrated by one Çintamani tile circa 1580 presented by Christie’s for £30,000/50,000 and sold at £218,750. Given, it is a very nice tile and the leopard spot motif always adds value to a piece, but in the sea of Iznik potteries, I am starting to fail seeing the value.

    Christie’s lot 217, sold £218,750

    There are many things that could be discussed but I will finish on two. Firstly, Medieval Spain and North African artifacts beside manuscripts do not have the wind in their sails. Bonham’s had one Almoravid lot unsold, Sotheby’s had four Omeyyad,  Merinid, Nasrid and Nasrid revival, three unsold and Christie’s had six lots, all unsold. Medieval Spain and North Africa are never a big success except for manuscripts, as demonstrated by the £512,750 achieved by the blue Qur’an page sold by Christie’s. However, this Islamic week was surprising by the number of lots and I was expecting better results, especially considering the valuation of certain lots. These results will constitute an interesting point of comparison between the English and French markets, as some similar lots will be presented at Millon the 3rd December. Let’s whish the French house more success in this field.

    Merenid Style casket, Marocco 19th c., Christie’s lot 18, £50,000/70,000 – unsold

    Secondly and finally, I have to mention Sotheby’s album page presented as being from the Leningrad album, attribution that I challenged in my previous article. I like to think that someone read my article because the auctioneer himself questioned the attribution just before the bid, mentioning that the page was “probably” from the Leningrad album (but it’s not). The lot was sold within its range, £25,000, which is not surprising given the overall quality of the page but should have been way more the provenance had been confirmed.

    The next stop before the end of the year will be Paris, Ader-Nordmann on the 27th November and Millon et Associés the 3rd December.

    WordPress has changed its text editor and decided to remove the “justify” option. My text is now aligned left, which differs from my previous publications. I hope you won’t be too bothered by this!

    * I wish to thank Christie’s and Behnaz Atighi Moghaddam for their warm welcome and kind assistance.