Sanlu Dairy Company Auctioned

The company at the heart of China’s melamine contaminated dairy products scandal has been sold.

Beijing-based dairy producer Sanyuan bought Sanlu Group at an auction Wednesday for 616.5 million yuan or 90 million U.S. dollars.

Sanlu was declared bankrupt on Feb. 12 as it failed to repay outstanding debts as a result of a melamine scandal which sickened close to 300,000 children and killed at least 6 babies.

All of Sanlu Group’s core assets, including land use rights, buildings, machinery and equipment- as well as one of its subsidiaries, the Linhe Dairy were sold to Sanyuan Group Co. Ltd. which is the parent company of the Shanghai-listed Beijing Sanyuan Foods Co Ltd..

There were just two bidders at the auction which lasted 15 minutes

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Sanlu Dairy Company Auctioned

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South African Art Records at London Auction

South African artworks fetched record sales at the Bonham South Africa Art sale in London held in February 2009, with 280 artworks selling for a total of £1.7m (R24.7million).

Top seller was Maggie Laubser’s Indian girl with poinsettias which more than doubled pre-sale estimates and sold for R4 million.

Bonhams next South African Art sale is scheduled to take place on October 14th 2009. Bonhams is currently consigning works for the exhibition with a particular focus on artists such as Gerard Sekoto, Alexis Preller and Maggie Laubser.

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South African Art Records at London Auction

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Ernst Ludwig Kirchner Painting for London Auction

Sotheby’s has announced that one of the major highlights of its forthcoming sale of Impressionist and Modern Art, which is scheduled to take place in London on the evening of Tuesday, February 3, 2009, is Strassenszene (Street Scene), 1913, by Ernst Ludwig Kirchner (1880-1938), estimated at £5-7 million. The painting captures a Berlin street scene […]

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Ernst Ludwig Kirchner Painting for London Auction

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Contamporary Australian and South African Art for London Auction

Christie’s has announced the second sale of Modern and Contemporary Australian and South African Art on Tuesday, 16 December 2008; the sale brings the best artworks from Australia and South Africa to the London marketplace.

Australian Modern and Contemporary Art Highlights

Leading this section is a single-owner collection of nine pictures by the pioneering Australian modern artist Grace Cossington Smith, including Wattle (estimate: £20,000-30,000). The property of the artist’s sister Mabel, the suite of pictures features five fine still lifes dating from the 1920s to the 1940s. Cossington Smith was one of the first Australian artists, along with de Maistre and Wakelin, to take an interest in colour. She developed her own individual technique and her works demonstrate the influence of the impressionist and post-impressionist revolution on Australian art. Painting in single dabs of pure colour, Cossington Smith created a language which was completely new in Australian art at the time and which placed her work in the vanguard of modernist art in 1930s Sydney.

Moving forwards by almost a century, the sale will include six flower pieces dating from 1993-94 and 2007-08 by the contemporary Australian artist Tim Maguire. Maguire’s work resonates with that of Cossington Smith, as he too explores the nature of pure colour, this time in the digital age. In his latest work Maguire’s dots of magenta, cyan and yellow, mixed in a computer, generate a uniquely new and intense fluorescence. One of a group of early still lifes from 1993-4 to be offered is the powerful Untitled 94U09 (estimate: £35,000-45,000). Maguire’s extravagantly enlarged images of flowers, blown up from digital DNA - derived from photographed details of those intensely observed 17th century Dutch and Flemish still lifes, and more recently from the artist’s own photographs of flowers – might be viewed as the 21st century cousins of Cossington Smith’s vibrant flowerpieces.

South African Modern + Contemporary Art Highlights

2007 saw significant demand for South African art, with the sale at Christie’s of Irma Stern’s stunning Congolese Woman for £569,300 (ZAR7.7m.), setting a new auction record for the artist. The select group of South African art offered in the upcoming sale is led by two further beautiful Irma Stern canvases from 1944: Roses in a vase (estimate £250,000-350,000), and Malay Girl with Hibiscus (estimate £250,000-350,000). The two works date to the highpoint of Stern’s career in the mid-1940s when she produced some of her most powerful and accomplished work. In a flurry of activity, stimulated and inspired by her travels to Zanzibar and Congo, Stern emerged as a great colourist and the present works show her on virtuoso form. These two paintings, one of a vase of red roses on a sumptuous golden ground, and the other of a richly exotic Cape Malay woman, embellished with the accent of a tropical red hibiscus flower, on a thickly palette-knifed jade ground, powerfully convey the artist’s legendary joie de vivre.

After being commissioned to sculpt a leopard for Johann Rupert’s Leopard Creek golf course, South African sculptor Dylan Lewis developed the project into a series of 18 leopard studies. This project allowed him, as he commented in 2007, ‘to explore the leopard form in a progression of different attitudes (from a state of repose through to awakening, hunting, stalking and killing). The sale will include four of these breathtaking, life-size, bronzes of leopards, including Sitting Leopard, 1996 (estimate: £40,000-60,000), plus a maquette for Running cheetahs, no 2 (estimate: £10,000-15,000). Lewis’s single-owner sale at Christie’s in June 2007 set records for the artist and showed the new levels of international interest that Lewis and his fellow South African artists now attract.

Further highlights include a rare canvas by Pieter Wenning, Cottages at Claremont, (estimate: £40,000-60,000), and a fine veldt landscape by Jacob Hendrik Pierneef, Landscape, (estimate: £60,000-80,000) both works originally from the collection of R. P. Gain, Cape Town.

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Contamporary Australian and South African Art for London Auction

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Bonhams Dubal Classic Car Auction Nov 20

Bonhams, will host a Collectors’ Motor Car Introduction at the Royal Mirage Hotel, Dubai on Thursday 20th November 2008.

‘This Collectors Motors Cars presentation is aimed at providing new and potential collectors an overview of the classic car market, and provide a rundown on what sort of cars to buy, periods and styles, acquisition costs, running costs and market perceptions,’ explained ames Knight, International Head of Bonhams’ Motoring Department.

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Bonhams Dubal Classic Car Auction Nov 20

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