spring international view magazine 2011

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spring 2011 International view Seismic Changes in Asian Art The Richard Scrushy Collection Bridging the Atlantic: Inaugural Old Masters Sale Paint, Pattern & People at Winterthur Royal Scottish Academy: A Celebration

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Spring International View Magazine 2011 with upcoming highlights

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Page 1: Spring International View Magazine 2011

spring 2011International view

Seismic Changesin Asian Art

The RichardScrushy Collection

Bridging the Atlantic:Inaugural Old Masters Sale

Paint, Pattern & Peopleat Winterthur

Royal Scottish Academy:A Celebration

Page 2: Spring International View Magazine 2011

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Page 3: Spring International View Magazine 2011

Letter from the Editors

Autumn 2010 Highlights

Affairs to Remember

Spring 2011

Decorative Arts lMarch 9, 2011

Fine Asian Arts lMarch 19, 2011

Fine Antiques lMarch 30, 2011

Fine Books, Manuscripts & Ephemera lMarch 31, 2011

American Furniture, Folk & Decorative Arts l April 13, 2011

Modern & Contemporary Art lMay 15, 2011

English & Continental Furniture, Decorative Arts lMay 25&26, 2011

Fine Jewellery & Silver l June 01, 2011

Fine Paintings l June 02, 2011

Scottish Design l June 15, 2011

Fine Jewelry & Watches l June 20, 2011

Fine American & European Paintings & Sculpture l June 19, 2011

Auction & Department News

Full of Eastern Promise: Asian Art Market Review

F.C.B. Cadell: A Retrospective Exhibition

Paint, Pattern & People: Wintherthur Museum Exhibition

Found in the Attic: UK Tax Issues

Appraisals: When it all goes up in flames

Trusts & Estates: FET – What to do now?

Turcan Connell Family Office

Happening Near You

Glasgow & London

Charlottesville & Nashville

Boston Opening

Spring 2011

Directory

The Novels and Desk of Alexander McCall Smith

Roland Arkell, Geoffrey Bertram, Patricia Mock,Ned Donoghue, Alison Paul, Alice Strang, Wendy Cooper,Alexander McCall Smith

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In this IssueSpring 2011

Review

Preview

Noteworthy

Perspectives

Regional Offices

Auction Schedule

Staff

Profile

Contributors

Asian Arts, page 17

Scottish Design, page 32

F.C.B. Cadell, page 40

Page 4: Spring International View Magazine 2011

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See Editorial to right

Page 5: Spring International View Magazine 2011

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Letter from the Editors

PLEASE NOTE:The currency exchangerate at the time of going topress was US$1.60=GBP1.The “sold for” pricesshown for both Freeman’sand Lyon & Turnbullinclude the buyers’premium.

The days are getting longer, thetemperature is creeping up and flowers arestarting to bloom – spring is on the way atlast. Here at International View wethought it was time to shake off thosewinter blues and give the first issue of theyear a boost. A fresh outlook and aninjection of colour has really brought thisissue to life and, as you will soon notice,we have produced our first trulyinternational edition bringing you thehighlights of the forthcoming season fromboth sides of the Atlantic.

What better way to launch our new lookissue than with the discovery of a piece ofAmerican history by Lyon & Turnbull inScotland. The early 19th century silverserving dish illustrated opposite comes from the family of the United States' first president GeorgeWashington's sister Betty. It is a plain bowl but unusual in size and very well marked for AnthonyRasch of Philadelphia, circa 1810. Pieces of this size are rare and in their own right would generateserious interest from collectors. The added provenance of such an important American familymakes it even more appealing. The engraved inscriptions to the rear show a "tree" of bequests bydirect female descent and appropriate dates. The bowl has reached the end of the family line andthe owner wishes it to go to a collector of American silver with a strong interest in the Washingtonfamily – somehow we do not think that will be difficult! Freeman's welcomes this object home toPhiladelphia; it will be on public view, opening April 9th prior to the American Furniture, Folk &Decorative Arts sale, which coincides with the 50th Philadelphia Antiques Show.

More than just silver will be crossing the Atlantic bridge next season as 2011 will also see ourinaugural joint sale of Old Master pictures. Over the past few years of economic uncertainty thisarea of the market has remained stable, representing "a flight to quality". In 2010 Lyon & Turnbulldiscovered a lost masterpiece by the Bavarian artist Hans Wertinger (see illustration above) on aroutine valuation. The view of Landshut town square was one of a series entitled 'The Months ofYear', commissioned by Duke Ludwig X of Bavaria, that was thought to have arrived in Scotland inthe 19th century. With the assistance of our Old Master specialists, the missing panel has sincebeen reaccessioned by private treaty sale into the collection of the Bavarian state. In addition,Freeman's offered a wonderful and rare pair of Hubert Robert oils in December which achieved$331,000. Our joint Old Masters auction will be held this autumn and we hope you will join us as aconsignor or buyer!

The next season will be one of new outlooks and fresh starts on both sides of the Atlantic. We dohope you enjoy the new look International View, and we would be delighted to receive anycomments and suggestions you might have for future issues!

Best wishes

Alex Dove Tara Theune Davis

Page 6: Spring International View Magazine 2011

August

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Autumn 2010 Highlights

Impressive Chinese huanghualicompound cabinetSold for $181,000 (£113,125)

Chinese spinach jade elephantSold for $46,600 (£29,125)

Autumn 2010 Highlights

Arare Scottish George II coffee urnSold for £10,000 ($16,000)

LYON & TURNBULLSCOTTISH SILVER &ACCESSORIESAugust 16, 2010

FREEMAN’SFINE ASIAN ARTSSeptember 12, 2010

The Barncleuch Puritan spoonan important Scottish 17th centuryPuritan spoonSold for £33,650 ($53,840)

QI BAISHIchinese, signed and with oneartist sealFLOWER-ORCHIDSold for $121,000 (£75,625)

September

Page 7: Spring International View Magazine 2011

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Melville, Herman. Moby Dick; or, The Whale.New York: Harper & Brothers, 1851. First edition,first binding state.Sold for $10,000 (£6,250)

FREEMAN’SRARE BOOKS, MANUSCRIPTS& EPHEMERASeptember 25, 2010

CHINESE FAMILLE VERTECYLINDRICAL BRUSH POTKANG SHISold for £37,250 ($59,600)

LYON & TURNBULLFINE ANTIQUESSeptember 29, 2010

ATTRIBUTED TO LAWRENCE KILBURN(american 1720-1775)PORTRAIT OF MANUEL JOSEPHSONAND RACHEL JOSEPHSONSold for $25,000 (£15,625)

FREEMAN’STHE JOSEPH SORGER COLLECTIONOctober 5, 2010

FRENCH SCHOOL(circa 1800)CORIOLANUSSold for $46,600 (£29,125)

October

Page 8: Spring International View Magazine 2011

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Autumn 2010 Highlights

MARGARET MACDONALDAND FRANCES MACDONALDCOPPER CANDLESTICKCIRCA 1897Sold for £63,650 ($101,790)

LYON & TURNBULLDECORATIVE ARTSNovember 10, 2010

Autumn 2010 Highlights

November

ROY LICHTENSTEIN(american 1923-1997)"WATER LILIES WITH WILLOWS"Sold for $612,200 (£382,625))

LUCIO FONTANA(italian 1899-1968)"CONCETTO SPAZIALE"Sold for: $1,161,000 (£725,625)

FREEMAN’SMODERN & CONTEMPORARY ARTNovember 7, 2010

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FREEMAN’SAMERICAN FURNITURE &DECORATIVE ARTSNovember 20, 2010

Carved and painted Tobacconistfigure of an Indian Princessprobably new york,late 19th centurySold for $21,250 (£13,280)

Pair of Classical carved giltwoodcornucopia wall bracketsphiladelphia, circa 1820Sold for $42,500 (£26,560)

Chippendale walnut tall caseclockworks by edward duffield,philadelphia (1720/30 – 1803)circa 1755Sold for $160,000 (£100,000)

FREEMAN’STHE FIFTH ANNIVERSARYPENNSYLVANIA SALENovember 21, 2010

A yellow and colourless diamondset necklaceSold for £21,250 ($34,000)

STUART DEVLIN – a fine modernsuite of cutlery and flatwarelondon 1971-1974Sold for £11,500 ($18,400)

LYON & TURNBULLFINE JEWELLERY & SILVERNovember 30, 2010

Page 10: Spring International View Magazine 2011

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Autumn 2010 Highlights

December

LYON & TURNBULLFINE PAINTINGSDecember 01, 2010

DAME LAURA KNIGHT R.A.,R.W.S. (BRITISH 1877-1970)GATHERING SEAWEED SENNENCOVESold for £57,650 ($92,2400)

SIR ROBIN PHILIPSON R.A.,R.S.A., R.S.W., R.G.I., L.L.D.(SCOTTISH 1916-1992)POPPIES AGAINST ANUNFINISHED PAINTINGSold for £37,250 ($59,600)

FRANCIS CAMPBELL BOILEAU CADELLR.S.A., R.S.W. (SCOTTISH 1883-1937)MULL FROM IONASold for £75,650 ($122,640)

JOAN EARDLEY R.S.A.(SCOTTISH 1921-1963)CHILD'S HEADSold for £51,650 ($82,640)

Page 11: Spring International View Magazine 2011

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FREEMAN’SFINE PAINTINGSDecember 05, 2010

ALFRED THOMPSON BRICHER(american 1837-1908)"SEASCAPE: SUNSET"Sold for $217,000 (£135,625)

HUBERT ROBERT(french 1733-1808)"LES DEUX AMIES" (illustrated)and"LA JEUNE ESSINATRICE"Sold for $331,000 (£206,875)

JOHN FULTON FOLINSBEE(american1892-1972)"RABBIT RUN BRIDGE"Sold for $50,200 (£31,375)

Page 12: Spring International View Magazine 2011

FREEMAN’SFINE JEWELRY &WATCHESDecember 06, 2010

LYON & TURNBULLFINE ANTIQUESDecember 10, 2010

18 karat yellow gold fancyintense yellow diamondearrings, CelliniSold for $35,800 (£22,375)

Single unmounted fancy pinkdiamondSold for $21,250 (£13,280)

Impressive lady's platinum anddiamond necklace1940sSold for $169,000 (£105,625)

Platinum, diamond andaquamarine pendant1930sSold for $18,750 (£11,720)

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December

FRENCH STEEL MASTERLOCKAND KEYLATE 17TH / EARLY 18THCENTURYSold for £20,000 ($32,000)

Autumn 2010 Highlights

Page 13: Spring International View Magazine 2011

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January

January 2011 Highlights

Ireland — Rotunda Lying-in HospitalAn account of the subsisting licences for privatesedan chairs on the 25th of March, 1785.Sold for £3,400 ($5,440)

FREEMAN’SENGLISH & CONTINENTALFURNITURE, SILVER &DECORATIVE ARTSJanuary 25, 2011

Scipione Tadoline (Italian 1822-1892)slave girl, signed & dated roma 1881Sold for $121,000 (£75,625)

Frederic, Lord Leighton P.R.A.(British, 1830-1896)athlete wrestling with apythonSold for $85,000 (£53,125)

Rowlandson, Thomashand-coloured aquatints; &others, similarSold for £39,000 ($62,400)

LYON & TURNBULLRARE BOOKS,MANUSCRIPTS ANDPHOTOGRAPHSJanuary 26, 2011

Page 14: Spring International View Magazine 2011

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Affairs to Remember

The Young Friends of thePhiladelphia Museum of Artseptember 10, 2010

The Young Friends of the PMAhosted the 19th annual RodinGarden Party sponsored byFreeman’s. Guests explored DesertJewels: North African Jewelry andPhotography from the XavierGuerrand-Hermès Collection.

The Women’s Board of thePennsylvania Academy of theFine Arts (PAFA)september 30, 2010

The Women’s Board of PAFApresented the 18th USArtistsAmerican Fine Art Show. Thepreview event was sponsored byFreeman’s.

Factors of Fame: The Making ofan Art Starnovember 3, 2010Renee N. Vara of Vara Global FineArts addressed a standing-roomonly crowd with her lecture at theopening of Freeman’s Modern andContemporary Art preview party.The auction included property fromthe Neuberger Berman and LehmanBrothers Collection.

Renee N. Vara and Vice chairman Alasdair Nichol Guests enjoying the lecture by Vara

Preview event co-chairs Mimi Snyder (left), Kathleen Cannon (secondright) and honorary chairs Anne (right) and Matt Hamilton (second left).

USArtists co-chairs Sandy Nesbitt, Lisa O’Connell, Diana Bittel and AliciaSterling.

Christopher Browne, Tara Theune Davis and Thomas McCabe of Freeman’swith Beth Yeagle, PMA’s membership director.

Hanane Chaibanou, Wassane Zailachi, Deputy Chief of Mission Embassy ofMorroco, Fatima Occhialin, event co-chair Heather Steiner and George D.Widener Director and CEO Timothy Rub.

Summer Evening atPollok Housemay 24, 2010

The beautiful summer sunwelcomed guests to Lyon &Turnbull’s preview at Pollok Housein May of 2010. Guests enjoyed anevening of fine paintings, silver &jewellery and fine furniture in thestunning surroundings of theNational Trust for Scotland’s 18thcentury property.

Colin Fraser, Lyon & Turnbull’s silver specialist, talks to clients about thehighlights of his forthcoming sale.

Guests enjoying various paintings from the Summer Fine Sales.

PhotoscourtesyofSusanScovill

PhotoscourtesyofSusanScovill

Page 15: Spring International View Magazine 2011

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The 47th Annual DelawareAntiques Shownovember 4, 2010

One of the most prestigiousantiques shows in the country, itbenefits Winterthur's educationalprogramming. The opening nightgala honorary chair Martha Stewartkicked it off with a keynote lectureand Freeman’s closed the eveningwith their sponsorship of the raffleprize.

The 5th Anniversary of theAnnual Pennsylvania Sale

november 17, 2010

Freeman’s celebrated theanniversary with a champagne toastat the opening of the exhibition. ThePennsylvania Sale features furniture,paintings, decorative and folk itemsmade and used in theCommonwealth from the Colonialperiod to the turn of the 20thcentury.

Vice chairman Alasdair Nichol and Lynda Cain, Vice President, Americana and Museum Services

Tom Savage, Winterthur Museum and Nick Vincent,American Wing, Metropolitan Museum of Art

Wendy Cooper, Winterthur Museum withSam Freeman

Martha Stewart, honorary chair, with BarbaraIsrael

Affairs to Remember

Postcards for Sick Kidsnovember 18, 2010

In November Lyon & Turnbull kindlyopened their doors to the Postcardsfor Sick Kids event. Over 200 artistsdonated specially commissionedartworks which opened with aevening preview – a wash of colourand excitement to the otherwisedark winter night! By the close of theexhibition over £50,000 had beenraised for the Royal Hospital for SickKids in Edinburgh.

RUINN & The Wooden Spoonnovember 11, 2010

Lyon & Turnbull joined forces withRUINN [Rugby Union InformalNetworking Nights] to raise fundsfor the children’s charity WoodenSpoon. Guests were invited along tothe Fine Art Society in New BondStreet, London. The charity auctionand guest speakers were a greatsuccess, with monies raised going tohelp disadvantaged young peoplethroughout the UKGuests of RUINN at the Fine Art Society. English rugby star Hugh Vyvyan chatting to guests.

Eager buyers hunt down their favourite artists at the Postcards for Sick Kidsevent.

A three-piece jazz band supplied entertainment during the eveningpreview of the event.

PhotocourtesyofBenFournier

Page 16: Spring International View Magazine 2011

“One of thetop 100 hotelsin the world”

Travel + Leisure in 2010 & 2011

The Rittenhouse Hotel, Philaldelphia’s historic and most luxurious hotel is proudto announce our new partnership with Freeman’s. We are pleased to offerFreeman’s clients a preferred rate.

Please contact Jill Heim to arrange your accomodations.215-790-2541, [email protected]

Page 17: Spring International View Magazine 2011

Decorative Arts & Design Fine Asian Arts

Oriental Rugs & Carpets Fine Books, Manuscripts &

Ephemera American Furniture Folk & Decorative Arts

Modern & Contemporary Art Fine English &

Continental Furniture & Decorative Arts Fine Paintings

Fine Jewellery & Silver

Scottish Design from 1850 Fine American & European

Paintings & Sculpture Fine Jewelry & Watches

Preview

Above:MARGUERITE ZORACH: "OPEN MARKET". To be sold at Freeman’s on June 19. Estimate: $10,000-15,000 (£6,250-9,375)

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Page 18: Spring International View Magazine 2011

part in the foundation of the company and the goods thatit sold.

The shop was engineered around three galleried lightwells that formed the main focus of the building andemulated the great atrium spaces of Bon Marché andPrintemps in Paris. Sir Arthur Liberty, who founded Liberty& Co. in 1875, wanted to create the feeling that you werewalking around your own home so surrounding these wellsare more intimate rooms which reflect the warren ofrooms found in the original shop in Regent Street. Liberty'sown workshops in Highgate made the wood paneling anda team of twenty carvers worked for eighteen months onthe woodwork alone.

A collection of furniture was made for the rooms andgalleries to display the textiles, clothes and luxury goodsthe shop was so famous for. This collection of furniture isrepresented by a series of tables and chests, in thesixteenth century style, with pegged construction and

decorative details complimenting the designdetails of the building. In addition there are agroup of tables designed by the Scottisharchitect and designer Sir Robert Lorimer. Also

made in the firm's workshops in Highgate, thefurniture demonstrates the same high levels ofcraftsmanship and attention to detail as the building itself.

Liberty & Co. has retained a core for its collection,however a substantial selection of this historic furniture,now unsuitable for contemporary retailing, will be offeredby Lyon & Turnbull in two parts this year, representing aunique opportunity to purchase a piece of retailing anddesign history. Part I, on March 9, will comprise the Tudorinspired furniture; Part II will include the pieces designedby Lorimer and are included in the sale of Scottish Designon June 15.

Literature:Calloway,Stephen. TheHouse of Liberty,London. 1992

IBERTY & CO’S magnificent Tudor building in GreatMarlborough Street was completed in 1924 and was

built so that trading could continue while renovations werebeing completed on their adjacent premises in RegentStreet. It was designed by Edwin Thomas Hall and his sonEdwin Stanley Hall at the height of the 1920s fashion forthe Tudor revival and constructed from the timbers of two19th century men-of-war battleships: HMS Impregnableand HMS Hindustan. After the First World War a morereactionary attitude towards architecture and design wasunderstandable and the Liberty board recognized themarketing advantage and reassurance to their customersof building in the sixteenth century manner. The newbuilding would demonstrate craft of the highest qualityand attention to detail and would be a reflection of the

Arts & Crafts values of “truth to material”which had played such an

important

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Liberty & Co. FurnitureDecorative Arts & DesignMarch 09, 2011 Edinburgh

SPECIALISTSJohn Mackietel: +44 (0)131 557 [email protected]

Lynda Caintel: +1 [email protected]

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EDWIN T. HALL ANDEDWIN S. HALLFOR LIBERTY & CO., LONDONFUMED OAK CENTRE TABLE,CIRCA 1924£800-1,200 ($1,280-1,920)

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SPECIALISTSRobert Waterhousetel: +1 [email protected]

Richard Cervantestel: +1 [email protected]

Lee Youngtel: +44 (0)131 557 [email protected]

Harry Douglas Hamiltontel: +44 (0)131 557 [email protected]

HE ASIAN ARTS DEPARTMENT at Freeman's standsready to offer a large and varied collection of fine

Asian art and antiques in our forthcoming spring auction.On March 19, buyers from around the globe will convenein Freeman's storied exhibition hall to bid on exceptionalexamples of traditional Chinese hardwood furniture,paintings and decorative objects and domestic warescrafted from jade, ivory, porcelain, stone, bronze and more.From a rare and excellent Ming jade to a well-craftedRepublic period porcelain plaque, centuries of Chinesecraftsmanship will be well represented at the sale.

Among the finest decorative items in the Asian Artauction is a large and impressive Chinese “gold flaked”bronze vase bearing the mark and dating from the periodof the Emperor Qianlong. The ovoid vase, with a petal-molded everted rim over a wide body, is infused with goldflakes throughout the burnished bronze body. It carries a$15,000 to $20,000 (£9,375-12,500) pre-sale estimate.

Also to be featured in the auction are several pieces of finejade from the Qing dynasty. From pure white to lustrousgreen, gray, brown and yellow, our large collection of fineperiod jades are being offered in the midst of a sizzling

market for good Chinesehardstones. Freeman's isoffering carvings that range inscale from palm-sized talismansand jewelry items to impressive

vases and table sculptures.Complemented by other exquisitecarvings in malachite, lapis lazuli,

amethyst, crystal andsoapstone, our hardstone

carvings will make up just one ofmany sections in our sale that aresure to please all discerningbuyers.

Centuries of CraftsmanshipFine Asian ArtsMarch 19, 2011 Philadelphia

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Large and impressive Chinese bronze and 'goldflake' vaseqianlong mark and of the periodprovenance: Property of a Private collector$15,000-20,000 (£9,375-12,500)

Fine Chinese white jade vase18th century or earlier$4,000-6,000 (£2,500-3,750)

Chinese white jade 'jewelled' tara figure19th century$20,000-30,000 (£12,500-18,750)

Page 20: Spring International View Magazine 2011

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Turkish DelightsFine AntiquesMarch 30, 2011 EdinburghOriental Rugs & CarpetsMay 27, 2011 Philadelphia

SPECIALISTSGavin Strangtel: +44 (0)131 557 [email protected]

David Weisstel: +1 [email protected]

Richard Cervantestel: +1 [email protected]

HE NAME USHAK [or Oushak] is derived from atown, Usak, situated in the middle of the carpet

weaving districts of the western Anatolian uplands. Thearea has been a centre of carpet-making since the 15thcentury. By the 16th and 17th centuries Ushak carpets,with their distinctive star and medallion features, werebeing exported in large numbers, carried by the Venetiansand other seafaring traders from the port of Smyrna, tothe European markets. Earlier types are often refered to as“Lottos” and “Holbeins”, in reference to their depiction by

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Ushak carpetWest Anatolia, circa 1900610cm x 370cmSold for £13,500 ($21,600)

Ushak carpetWest Anatolia, circa 1900

600cm x 430cmProvenance:

Kinross House, Perthshire£3,000-5,000 ($4,800-8,000)

the artists Lorenzo Lotto and Hans Holbein the Younger asa way of introducing colour and status to a scene.

Many of the carpets that made their way to Europe duringthis period can still be found in reasonable numbers.However, after the 17th century the market waned andcarpet production in the Usak area went into decline.Then in the late 19th century demand returned, with aEuropean fashion for all things “Orientalist”. This time themarket was much larger than previously, with aburgeoning wealthy middle class and new Americanbuyers on the scene.

The export business led to a boom in production to keepup with the fresh demand the skilled workers of Usakturned to the traditional weavers of the surroundingvillages and towns for support. Pieces from this period ofproduction are distinctive in their more tribal style, whichsaw the use of larger knots and longer pile on an all woolfoundation together with the fusion of older Ushakdesigns and simplified Persian style floral patterns. Thetypical colours employed at this time were red, blue andgreen, although among the more prized today are thosewoven in softer pastel colours. Ushak carpets had oftenbeen large, but now they were woven to fit European andAmerican room dimensions.

Highly prized over their 500 year history, from the palacesof Venice to the new wealth of the great American cities,Ushak carpets still prove popular today. Their pleasingcolours, bold patterns and good proportions continue tofind favour with today’s home furnishers.

Page 21: Spring International View Magazine 2011

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“At Oushak alone, it is estimated that from five

to six thousand weavers and dyers are

employed. And here the best rugs are made”

Mary Beach Langton, 1904

Page 22: Spring International View Magazine 2011

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Audubon’s “Small Work”Fine Books, Manuscripts & EphemeraMarch 31, 2011 Philadelphia

SPECIALISTSDavid Bloomtel: +1 [email protected]

Joe Huenketel: +1 [email protected]

Simon Vickerstel: +44 (0)131 557 [email protected]

Alex Dovetel: +44 (0)131 557 [email protected]

OHN JAMES Audubon’s Birds of America has become the holy grail ofAmerican books. The original double-elephant folio was the culmination

of over a decade of field observations and drawings but the hefty 1830subscription price of $1000 (nearly $20,000 today) meant the work wasthe preserve of Audubon’s most wealthy clients. The artist was keen toproduce a “small work”, a more accessible and affordable octavo version ofhis masterpiece. This seven volume edition was published between 1840-1844 in New York and Philidelphia, this time containing 500 hand colouredlithographic plates, in comparison to the earlier folio’s 435 engravedaquatints. This $100 edition proved a great success and was followed byseveral more editions through the 1870s, finally providing no small measureof financial comfort for Audubon and his family.

A tall, clean copy of Audubon’s octavo edition will be in good company inthe forthcoming March 31st sale, sitting alongside rare manuscript materialfrom the estate of Major General C.V. Clifton, a military aide to PresidentKennedy. The collection includes personal letters from the Kennedys, aswell as numerous private and official photographs of JFK and his family.

7 vols.Audubon, John James.The Birds of America.New York: J.J. Audubon,1841-41-43-44,First octavo edition.$50,000-80,000 (£31,250-50,000)

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SPECIALISTSLynda Caintel: +1 [email protected]

Amy Parentitel: +1 [email protected]

LBUM QUILTS, often refered to as Friendship quilts,became especially fashionable in the 1840s. The

beautiful example shown below is thought to have beenworked by Rachel A. Allen of New Egypt in New Jersey,dated July 19, 1844. Many hours would have been spentdeveloping this intricately appliqued pieced cotton design.Roller-printed chintz furnishing fabric was cut out toprovide decorative flower, bird and spray designs,heightened by pieces of printed cotton dress fabricarranged in compass star and leaf forms. The scallopedborder, created from the same lighter weight dress fabric,provided the final finishing touches.

This particular quilt bears 58 signatures from prominentmen and women of New York, Philadelphia, Newport andNew Jersey families, many Quaker, including Waln, Biddle,

A

Appliquéd Album Quiltworked by rachel a. allen, new egypt, july 19, 1844bearing signatures of members of the Waln, Allen, Shinn, Brick, Oliphant,Newbold, Biddle and Morrell families or Philadelphia, Newport, NewYork and New Jersey.provenance: Descended in the Waln-Meirs family.$4,000-6,000 (£2,500-3,750)

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Oliphant, Emley, Allen, Shinn, Brick and Morrell, who wererelated by marriage and business. The Album quilt servedas a tangible statement of these important connections.

One signature, Sarah Morrell, Philadelphia, may be thesame woman associated with a famous album quilt,referred to as the Sarah Morrell Album Quilt, in thecollection of the Museum of American Folk Art, New York.The quilts share similarly worked diamond edged squaresenclosing chintz floral pieces.

Friends & Family An important signed quilt byRachel A. Allen

American Furniture, Folk & Decorative Arts April 13, 2011 Philadelphia

Page 24: Spring International View Magazine 2011

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The Richard Scrushy CollectionModern & Contemporary ArtMay 15, 2011 Philadelphia

WENTY PRINTS, PAINTINGS AND DRAWINGS fromthe Collection of Richard Scrushy, former CEO of

HealthSouth will be offered in our spring Modern &Contemporary Art auction. Artworks seized from hisprivate residence in Vestavia, Alabama now owned byshareholders include iconic examples of modernprintmaking such as Renoir’s “Enfants jouant à la balle”which was executed in 1900. By this date, the artist wasnearly 50 years old and at last enjoying great success as apainter, but had not yet ventured into the world ofprintmaking. Knowing the great response that would

ensue, renowned printmaker Ambroise Vollardcommissioned Renoir to attempt his first large scale colorlithographs. The present example is only the third hecreated and is now held up as one of the most iconicmodern prints of the era.

Also on offer is a bright and fresh impression of DoraMaar, Picasso’s mistress and muse of nine years. Executedin 1937, two years into their romance, this work is amongthe most sought after of the artist’s colorful aquatints

SPECIALISTSAnne Henrytel: +1 [email protected]

Aimee Pfliegertel: +1 [email protected]

Nick Curnowtel: +44 (0)131 557 [email protected]

Elena Ratchevatel: +44 (0)131 557 [email protected]

PABLO PICASSO (Spanish (1881-1973)“TÊTE DE FEMME NO. 5 (PORTRAIT DE DORA MAAR)”1939, from the edition of 105Color aquatint and drypoint on Archesimage 11 13/16 x 9 3/8 in. (29.7 x 23.8cm)[Bloch 1337]provenance: Collection of Richard Scrushy, Vestavia, AlabamaSold to benefit HealthSouth shareholders, Birmingham, Alabama$30,000-40,000 (£18,750-25,000)

PIERRE-AUGUSTE RENOIR (French 1841-1919)"ENFANTS JOUANT A LA BALLE"1900, from the edition of 200; Color lithograph on Archesimage: 23 1/2 x 20 1/4 in. (59.5 x 51.3cm)sheet: 32 1/2 x 24 1/4 in. (82.4 x 61.5cm)[Delteil/Stella 32]provenance: Collection of Richard Scrushy, Vestavia, AlabamaSold to benefit HealthSouth shareholders, Birmingham, Alabama$50,000-80,000 (£31,250-50,000)

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JOAN MIRO (Spanish, 1893-1983)"L'OISEAU MONGOL"1969, signed in white pencilAnnotated 'HC' (proof apart from the edition of 75)Color etching, aquatint and carborndum on Archessheet: 40 1/4 x 27 1/2 in. (102.1 x 69.8cm)[Dupin 513]provenance:Collection of Richard Scrushy, Vestavia, AlabamaSold to benefit HealthSouth shareholders, Birmingham, Alabama$10,000-15,000 (£6,250-9,375)

PATRICK HUGHES (b. 1939)“NEAT PIET”Oil on board constructionSigned verso, titled and dated 199819 x 40 x 7 in. (48.3 x 101.6 x 17.8cm)provenance:Collection of Richard Scrushy, Vestavia, AlabamaSold to benefit HealthSouth shareholders, Birmingham, Alabama$20,000-30,000 (£12,500-18,750)

depicting his “weeping woman” who was well known forher volatile personality.

The Scrushy Collection also includes contemporarymasters such as Donald Roller Wilson whose wry portraitsof chimps painted in the richly varnished and detailedstyle of the Old Masters pokes wry fun at the process, andsubjects of traditional art making. Also represented here isanother contemporary artist known for his ironic arthistorical references, Patrick Hughes. Neat Piet, a paintedthree-dimensional wall sculpture depicts a gallery ofworks by Piet Mondrian, an artist known for reducingmovement, color and dimension to two dimensionalblocks of symmetrical shapes in primary colors. Accordingto Jody Wilson, who interviewed the artist in November2010, “the images in Hughes's work are less about thehistory of art, however, and more about easily accessibleimages through which the viewer can engage with hiswork. Magritte, Warhol, Modrian, et al., becometouchstones for his viewers to participate in Hughes'svisual discourse on perspective, perception and vision.”

Additional works by Scott Prior, Marc Chagall, Joan Mirowill be offered from the Scrushy Collection. We invite youto contact the department for more details concerning theCollection.

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Commercial & AnonymousModern & Contemporary ArtMay 15, 2011 Philadelphia

SPECIALISTSAnne Henrytel: +1 [email protected]

Aimee Pfliegertel: +1 [email protected]

Nick Curnowtel: +44 (0)131 557 [email protected]

Elena Ratchevatel: +44 (0)131 557 [email protected]

KEES VAN DONGEN (Dutch 1877-1968)PORTRAIT OF MARINA SALZSigned, inscribed and dated 'Deauville 52' bottom rightOil with chalk on board23 x 19 in (62 x 51.5 cm)provenance: Samuel M. Salz, New York, New York; by familydescent; Private Collection, Philadelphia, Pennsylvania$30,000-40,000 (£18,750-25,000)

ANDYWARHOL (American 1928-1987)“LEG AND SHOE”Printed with signature 'Andy W' (upper right); printed withinscription 'A Whole Stocking Full of good wishes' (left edge)Executed in 1956, printed ink on paperSheet: 22 x 9 1/4 in (55.8 x 23.5cm)Executed in 1956provenance: Charles Lisanby, Los Angeles, California$12,000-18,000 (£7,500-11,250)

GROUP OF ANDYWARHOL prints and drawings from the collectionof Charles Lisanby make a rare intimate grouping of works by an artist

who embraced the commercial and anonymous. A personal friend of theartist, Charles Lisanby was a three-time Primetime Emmy Award–winningart director and production designer who first met Andy Warhol in the1950s. The two became close friends and traveled to the far east togetherin 1956. Kyoto, a print that was not officially editioned was executed duringthis trip, as was Leg and Shoe, printed in red. In addition to these prints,hand-colored butterfly prints and a gold-leaf holiday card from JuliaWarhol, the artist’s mother, will also be sold.

A Kees van Dongen with a Philadelphia connection highlights the modernsection of the sale. A renowned fauvist and portrait artist to the social eliteof the 1930s-1950s, Kees van Dongen was commissioned by Samuel Salz,a major Impressionist art dealer to execute a portrait of his wife, Marina,who had been a ballerina with the Ballet Russe. Over the course of hiscareer, Salz worked closely with many artists, collectors and majorinstitutions and in fact helped shape Philadelphia’s own Barnes Foundationwhen he sold Renoir’sMussel-fishers at Berneval (1879) to Dr. AlbertBarnes. The present work, executed in the latter portion of the artist’scareer comes from the vast personal family collection.

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From Russia, with LoveFine English & Continental Furniture & Decorative ArtsMay 25 & 26, 2011 Philadelphia

SPECIALISTSRobert Waterhousetel: +1 [email protected]

David Walkertel: +1 [email protected]

Lee Youngtel: +44 (0)131 557 [email protected]

Douglas Girtontel: +44 (0)131 557 [email protected]

UILDING ON THE SUCCESS of the sale of twooutstanding examples of 19th century sculpture (see

page 11), Lord Leighton’s Athlete Wrestling a Python, soldfor $85,000 (£53,125), and Scipione Tadoline’s Slave Girl($121,000/£75,625), Freeman’s English and ContinentalFurniture & Decorative Arts department already hasseveral fine objects consigned for our next sale, to be heldMay 25 and 26.

One is a fine Russian gold snuff box by Jean-FrancoisBouddé who, among several foreign goldsmiths, foundready employment in St Petersberg at the end of the 18thcentury, fuelled by the demand for luxury objects from thewealthy court and growing upper class in the city at thattime. While the box was made by a French émigré to StPetersberg, the micromosaic was almost certainly inlaid inRome, probably at the Vatican workshops, a centre formosaic production since the end of the 16th century. Thechoice of image, a scene of Classical ruins, was a popular

image for visitors on the Grand Tour, and it is likely thatthe box was owned by a young gentleman who had itinlaid by one of the skilled micromosaic artisans he found

in Rome while traveling there. The quality of work onthe box is high; it has a good provenance (it bearsa label indicating it was formerly in the Bulgaricollection), is in very good condition and couldrealize over $10,000 (£6,250) at auction.

Another item of quality Russian metalwork which willappear in the sale is a solid silver equestriansculpture of a mounted Cossack, by theGrachev firm of St Petersberg. It bears themaker’s mark used by the company after 1892,and dates to around the turn of the 20thcentury. The small sculpture is finely modeled

and cast to show the Cossack shielded by hisgalloping horse and readying himself to fire hispistol. Examples of Grachev’s work in silver arenot commonly found at auction and are rathersought after by collectors of Russian works ofart. We conservatively expect it to sell for$6,000-8,000 (£3,750-5,000).

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Fine Russian silver equestrian groupgrachev, st petersberg,mark for after 1892provenance: Private FloridaCollection; purchased A La VielleRussie, New York$6,000-8,000 (£3,750-5,000)

A fine late 18th century Italian micromosaic set Russian goldsnuff boxjean-francois bouddé, st. petersberg, 1789, the mosaic rome,circa 1800provenance: Private collection, Maryland$6,000-8,000 (£3,750-5,000)

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Invest Your Time WiselyFine Jewellery & Silver June 01, 2011 Edinburgh

SPECIALISTSTrevor Kyletel: +44 (0)131 557 [email protected]

Colin Frasertel: +44 (0)131 557 [email protected]

Kate Waterhousetel: +1 [email protected]

Ellen Byrdtel: +1 [email protected]

ANYWOULD NOT CONSIDER leaving homewithout one, some even claim they “feel naked”

without one – over the last hundred years the wristwatchhas become an essential accessory. Not only “toys forboys” but mechanical works of art developed in the finestof materials by the finest of craftsmen.

The wristwatch first became popular in World War I asservicemen found accessing a pocket watch in the heat ofthe moment more than a little awkward. The trend wasrapidly adopted by the population at large. Cartier set thestandard for other watchmakers by issuing the first Swissmade wristwatch in 1911.

Today the early Swiss wristwatches are regarded asvintage pieces and are highly collectable – with the bestreaching the elusive six-figure mark in specialist auctions.The collecting of vintage pieces really caught hold in the1970s and 1980s as a reaction to the introduction ofquartz technology to the mass market.

The vintage houses of Cartier and Rolex are well-knowneven to those outside the collector’s market. However, thekey to a good investment is looking for those craftsmenwho will, perhaps, rise up to meet the great names in thefuture.

The watch shown here is made by one of the more recentwatchmakers of the late 20th century, Michael Parmigiani.Parmigiani Fleurier was established in 1996, however, theidea was originally conceived in 1975 as MichaelParmigiani worked as a horologist and restorer.

The model is a Parmigiani Fleurier Toric Chronograph withan automatic movement that has a power reserve of fiftyhours and chronograph action. The Toric was one ofParmigiani’s earlier models but still continues to be issuedwith slight variations on the original design. The modelbeing sold on June 1 has the original box and is cased in awarm rose gold – a quality addition to any gentleman’scollection; or even the start of one.

Each beautiful Parmigiani watch takes over 400 hours toproduce, the investment in time that is visable in everymodel. Such pieces of craftsmenship will always be a joyto own but it is also worth bearing in mind as a final notethe tax advantages of collecting watches. Under theclassification of “mechanical items of a wasting nature”they are exempt from captial gains tax – when talkingabout watches that can often be in excess of £15,000($24,000) this could be an advantage.

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A gentleman’s Parmigiani FleurierToric ChronographIn original case£10,000-15,000 ($16,000-24,000)

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Securing a Life’s WorkFine Paintings June 02, 2011 Edinburgh

SPECIALISTSNick Curnowtel: +44 (0)131 557 [email protected]

Elena Ratchevatel: +44 (0)131 557 [email protected]

Alasdair Nicholtel: +1 [email protected]

David Weisstel: +1 [email protected]

HE BARNS-GRAHAM CHARITABLE TRUST wasestablished by Wilhelmina (Willie) Barns-Graham in

1987 to secure her life’s work and archive for futuregenerations. It became active upon her death in 2004.

This is an exciting time for the Trust. The Trust’sadministrative centre, Willie’s St Andrews homeBalmungo, will open in June after undergoing majorrefurbishment. Balmungo will house Willie’s art collectionand archive; be a resource centre for any who areinterested in Willie’s life and work, including school andcollege students; and, keeping Balmungo as a place ofcreativity, be a venue for artist and writer residencies.

So far, the Trust’s principal activities have been twofold:firstly, offering financial support to students at selected artcolleges and universities around the UK – currently 13students benefit in their undergraduate and postgraduatestudies; secondly, supporting exhibitions of Willie’s work,including Tate St Ives (2005) and a drawings exhibitionfrom The Pier Arts Centre, Stromness, touring to LeedsUniversity (2009) and Plymouth City Museum & ArtGallery (2010).

The six paintings from the Trust collection, on offer in Lyon& Turnbull’s June sale, represent well recognised aspectsof Willie’s art. They demonstrate the breadth of herinvestigations into landscape form and structure. Pink(1954) is part of her Geoff and Scruffy series, centring ontwo linked forms. Untitled – Margaret Series (1958),

explores field patterns, as does September in Orkney(1987).Warbeth No. 4 is inspired by the slab geology ofOrkney’s Warbeth Beach. In contrast, Summer PaintingSeries (No. 4) is playful in its depiction of beach screensand kites on St Ives’s Porthmeor Beach. Eight Lines – WaveRhythms portrays the inner energies of the sea.

With Balmungo becoming active, opportunities are nowavailable for the Trust to develop its public programmesand its links with outside organisations. Proceeds from artsales help fund these activities. For further information goto www.barns-grahamtrust.org.uk

Geoffrey BertramChairman

The Barns-Graham Charitable Trust

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Opposite:WILHELMINA BARNS-GRAHAM (SCOTTISH 1912-2004)UNTITLED – MARGARET SERIES 1958Oil on canvas; 70.8cm x 90.8cm (27.75in x 35.75in)£12,000-16,000 ($19,200-25,600)

Below:WILHELMINA BARNS-GRAHAM (SCOTTISH 1912-2004)SEPTEMBER IN ORKNEY 1Signed and dated 1987, oil on hardboard;30cm x 90.8cm (11.75in x 35.75cm)£5,000-7,000 ($8,000-11,200)

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The Hawker’s CartFine Paintings June 02, 2011 Edinburgh

F THE NATIONAL GALLERIES have been shrines to thecollecting of Scottish art, the Royal Scottish Academy

has been, for nearly 200 years, its heart. Since its foundingin 1826 it has sustained and promoted both native anddomiciled artists throughout their careers and continuesto this day to present and outstanding showcase to theworld each summer.

In 2007, a number of changes were made to the RSAcharter including the removal of the category of AssociateMember so that now new members are elected directly asfull Academicians. A two year strategic review of thecollections led by the Secretary and Collections Curatordesigned to refine the Academy’s priorities. The reviewalso indentified a number of the works outwith the corecollection which should be de-accessioned and sold tofacilitate the new policy. Every effort has been made overthe last year to introduce these works to other publicinstitutions, in accordance with the Museums Associationguidelines, with limited success. It has therefore beenresolved that certain works should be sold through Lyon &Turnbull in June to gain maximum benefit for theAcademy’s plans. New plans for acquisition address gapsin the Diploma Collection and prioritise the Collection ofworks by former Associate Members who died beforetheir election to full Academician.

It is self evident that the Academy’s focus should be onScottish art; nevertheless it is inevitable that through gifts,bequests and purchases it has acquired a number ofworks which clearly lie beyond this scope. Several of thesehave lain dormant and largely unseen for many years. Itmakes perfect sense that the Academy should wish thesepieces to find new homes, both public and private, wherethey will be displayed and appreciated by new audiences.

One major example of this development is a work byL.S.Lowry The Hawker’s Cart, exhibited and purchased bythe Academy in its Annual Exhibition in 1934. The RSAclearly recognised the contribution Lowry was to make to

20th century painting at an early stage in his career, morethan twenty years before Lowry was elected as anAssociate of the Royal Academy in London, let alone a fullmember which did not happen until 1962. The Hawker’sCart contains all the components of a successful Lowrycomposition, from the whimsical people and animals inthe foreground to the jaunty tenements in the middleground and the vertical chimneys spewing out smoketowards the grey sky, albeit domestic and not industrial. Itis often said that many of Lowry’s compositions take onthe quality of a stage-set, and that is evident here, as thebuilding on the right of the composition in particular hastaken on a theatrical quality, framing our window onto thisstreet scene.

Over the last two centuries the RSA has promotedexcellence in the visual arts in Scotland. Lyon & Turnbullare proud to support the RSA and will be celebrating itsendeavours with a sale of fine paintings by Academyartists in June 2011. Lowry’s The Hawker’s Cart will providethe perfect backdrop to this celebration, the sale of whichwill help the continued support of both established andemerging artists across Scotland through the work of theAcademy’s Collections Department.

SPECIALISTSNick Curnowtel: +44 (0)131 557 [email protected]

Elena Ratchevatel: +44 (0)131 557 [email protected]

Alasdair Nicholtel: +1 [email protected]

David Weisstel: +1 [email protected]

LAURENCE STEPHEN LOWRYTHE HAWKER’S CARTSigned and dated 1929, oil on canvas,53.5cm x 39.5cm (21in x 15.5in)£300,000-500,000 ($480,000-800,000)

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Street tea rooms in 1896. A few short years later he hadbeen given sole responsibility for the interiors andfurniture in her Argyle [1899], Ingram [1900] andWillow tea rooms [1903].

The complicated latticework between the legs isdistinctive of Mackintosh's style and creates an elegantspatial construction beneath the working surface of thedesk. The top of this desk would have originally held anarrangement of dividers, allowing it to be used by severalladies at a time. The current owner bought the table inthe 1960s from Cooper & Co who owned the IngramStreet tea room. It has only recently been identifiedand included in Roger Billcliffe's catalogue raisonné. Itwill be offered in the sale in June with an estimate of£15,000-20,000 ($24,000-32,000).

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Scottish DesignScottish Design June 15, 2011 Edinburgh

SPECIALISTJohn Mackietel: +44 (0)131 557 [email protected]

ROM THE AESTHETIC and Arts& Crafts Movements,

through the Celtic Revival, ArtNouveau and the GlasgowStyle to the present, Scotlandhas a rich heritage of excellencein craft and design. This heritagearguably reached its zenith at theturn of the 19th century whenCharles Rennie Mackintosh and hiscircle became the foremostexponents of Art Nouveau in Britain,going on to influence the course ofdesign history internationally. It isalso remarkable however to reflecton the other great names producedby this small country. Gothic giantsBruce Talbert and Richard NormanShaw; the Aesthetic designers DanielCottier and Christopher Dresser; andthe Glasgow designers GeorgeWalton and Jessie M. King are just a handful ofthe many Scottish designers who went on toachieve international recognition.

To celebrate this ongoing legacy Lyon &Turnbull will hold a new auction for summer2011: Scottish Design from 1860 to the presentday. The sale will encompass decorative artsand design from these diverse periods in the country'shistory and will reflect the skill and variety of manufactureacross a wide range of materials, including ceramics, glass,jewellery, textiles, metalwork, drawings, prints, posters,books, manuscripts, furniture and pottery.

One of the items consigned for the sale is this oak writingtable, designed by Charles Rennie Mackintosh and madefor Miss Cranston's Ingram Street tearooms in 1909. MissCranston, who owned and ran a number of Glasgow tearooms, was Mackintosh's most supportive patron. Tearooms played an important role in Glasgow society at theturn of the 20th century, unique places where people ofdifferent classes could meet and relax, and Miss Cranstonwas particularly successful. Mackintosh's first commissionfor Miss Cranston was to create a stencil for her Buchanan

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CHARLES RENNIE MACKINTOSHLadies room writing desk, 1909

£15,000-20,000 ($24,000-32,000)

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S RETRO JEWELRY experiences a revival,yellow gold jewelry with an abundance of

texture and bold design is adorning wrists andnecklines this season.

Retro, referring to pieces created between 1940and 1960, offers a range of style for every tasteand fashion. This period is known not only for thedominating textures and designs, but also for anemphasis on bright colored gems, a departurefrom the delicate designs of the formerly popularArt Deco and Edwardian platinum work.

Examples such as the gem and diamond setbangle bracelet by Ilias Lalaounis (shown right),are illustrations of this era. Lalaounis, a Greekdesigner, is known for the use of high karat yellowgold with heavy texture and bright colorstraditional to this period.

This bangle will join pieces from designers such asDavid Webb, Cartier, and Tiffany and Co. as one ofmany Retro offerings that will be available for theJune auction at Freeman’s.

If you are interested in consignment or collectionmanagement please feel free to contact thejewelry department for a consultation.

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The Rise of RetroFine Jewelry & Watches June 20, 2011 Philadelphia

SPECIALISTSKate Waterhousetel: +1 [email protected]

Ellen Byrdtel: +1 [email protected]

Trevor Kyletel: +44 (0)131 557 [email protected]

Colin Frasertel: +44 (0)131 557 [email protected]

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18 karat yellow gold, diamond and gem set bangle braceletilias lalaounisCrossover design terminating in two animal heads accented byruby eyes, band of bracelet set with fourteen petite round cutdiamonds, two emeralds and fourteen rubies, signed by themaker, Greek hallmarks, ‘A. 21’.$2,000-3,000 (£1,250-1,875)

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SPECIALISTSAlasdair Nicholtel: +1 [email protected]

David Weisstel: +1 [email protected]

Nick Curnowtel: +44 (0)131 557 [email protected]

Elena Ratchevatel: +44 (0)131 557 [email protected]

NDREWWYETH inherited many things from hisfather, N.C. Wyeth, but a fondness for oil paint was

not one of them. While his father carefully impartedknowledge of subject, composition and technique toAndrew; his son stood apart from his father, optingwatercolor as his primary medium – rather than theweighty oil paints his father employed which Andrewrejected due to their 'greasy' feel.

It was this early work in watercolor, light, airy, andspontaneous, which brought Wyeth into nationalprominence. At the young age of twenty, his first soloexhibition in 1973 at the Macbeth Gallery, New York soldout in a mere two days. Soon after this exhibition, thepress was a twitter with headlines praising the youngartist. One such review by Art in America proclaimed'[his] watercolors take one back to the work of WinslowHomer and do not suffer an eclipse from thecomparison'.[1] His fondness for watercolor allowed himto use his brush with 'spectacular freedom, laying his coloron unhesitatingly, and thereby achieving an effect ofconvincing verisimilitude that invariably arrests theattention, and in the aggregate, his work inevitablychallenges comparison with that of our greatest in hisfield'. [2] Macbeth Gallery as the backdrop for thisinaugural exhibition certainly framed that comparisonwell.

At a time when the market called for the European art ofthe Barbizon and Dutch schools, The Macbeth Gallerymade it their mission to promote and maintain animpressive roster of American artists. Even though asearly as 1873, Newman Emerson Montross set aside a

ANDREWWYETH(american 1917-2009)"THE LOBSTER MAN"Signed 'Andrew Wyeth' bottom right, watercolor on paper19 1/2 x 26 1/2 in. (49.5 x 67.3cm)provenance: The artist; acquired from the above by the present owner,thence by descent in the family; Private Collection, Delaware.exhibited: ‘First Exhibition: Watercolors by Andrew Wyeth’, MacbethGallery, New York City, New York, October 19-November 1, 1937.$80,000-120,000 (£50,000-75,000)

A room for Americanpaintings in the back ofhis Manhattan paintstore, the MacbethGallery was indisputablythe first to sell nothingbut U.S. art. [3] By 1932Time magazineannounced 'This yearU.S. painting has at lastattained an internationalvogue. The opening ofthe Whitney Museumstarted it. Loanexhibitions of U.S.paintings are touringEurope. The Louvre hasbought a ThomasEakins.' [4] MacbethGallery, situated at 237Fifth Avenue, paved theway for this transition,continuously exhibiting artists whom we now recognize asthe greats of American art. Today, the Macbeth Galleryrecords and scrapbooks can be found through acollaborative project by the Thomas J. Watson Library atThe Metropolitan Museum of Art and the Frick ArtReference Library. This project offers a wonderful glimpseinto the birth and growth of American art. Similarly, thewatercolor of the fisherman illustrated left represents thenaissance of one of the most celebrated flag-bearers ofAmerican art. It is with gratitude that we celebrate thesurvival and the preservation of these precious momentsin time whether they are spontaneous gestures of thehand captured in water and pigment or the scannedscrapbooks of a great American gallery.

[1]+[2] Art in America, Macbeth Gallery records, 1838-1968, bulk 1892to 1953. Archives of American Art, Smithsonian Institution.

[3]+[4] “Art: Decorous Jubilee” TIME, Monday, Apr. 25, 1932,http://www.time.com/time/magazine/article/0,9171,743626,00.html

A New Dawn A ref lection on American Art:Andrew Wyeth at the Macbeth Gallery

Fine American & European Paintings & Sculpture June 19, 2011 Philadelphia

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The Robert Elliott MeteoriteCollection: Part 2Following on from the success of the sale of selected piecesfrom Robert Elliott’s Meteorite collection in August 2009, Lyon& Turnbull are delighted to now have the chance to offer asecond selection. The auction will take place on August 16 inEdinburgh, again timed to coincide with the Perseid meteorshower in the middle of the month. Estimates will range from£100 to several thousand for rarer pieces. If you missed the lastsale, this is another opportunity for collectors and anyone elsethat would just like to experience owning a 4,500,000,000 yearold “rock from space”!

For further information please contact Gavin Strang [email protected]

A fragment of the Barwell “Christmas” meteoriteFragment, 910gSold for £8,000 ($12,800) in 2009

Wemyss WareFor collectors of Wemyss Ware this small figure of a rabbit is areal rarity – it is one of only two known. Lyon & Turnbull’sannual sale of Wemyss in August will include this rabbit withan estimate of £3,000-5,000 ($4,800-8,000).

For further details contact John Mackie [email protected] telephone +44 (0)131 557 8844.

Photographs and PhotobooksFreeman’s growing presence in the auction market is strengthened by theestablishment of the Photographs & Photobooks Auction. This sale will cover arange of photographic works from historical to contemporary. Beau Freeman,Chairman, shares his excitement regarding the growth saying “Personally, I ampleased to see the department launched by specialists with solid experience andknowledge in the field, from the very beginnings of the medium to contemporaryworks that stretch the definition of photography itself. Together we look forwardto our exciting inaugural sale this fall.”

Consignments are invited until September 1, 2011.

Please contact Kate Molets (267) 414-1228, [email protected] orAimee Pflieger (267) 414-1221, [email protected]

WALKER EVANS (AMERICAN 1903-1975)FROM THE "BROOKLYN BRIDGE” PORTFOLIO1928-9 (printed in 1994).PhotogravureSold at Freeman’s for $5,000

Noteworthy: Auction & Department News

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Bridging the Atlantic:Autumn Old Masters AuctionFreeman’s and Lyon & Turnbull are pleased to announcethe launch of their inaugural Old Master Fine Art auction,a sale of pre-1800 European paintings, works on paperand sculpture, to be held on September 29 in Edinburgh,and on October 7 in Philadelphia.

Comprised of two sessions – one at each auction salesroom – this auction will feature fine artworks of Italian,Dutch/Flemish, French and British origin.

“This area of the art market displayed sustained resilienceduring the recent downturn. Good examples of 16ththrough 18th century European fine art continue to realizestrong prices at auction, and represent an undervaluedsector of the market” notes Freeman’s Vice-ChairmanAlasdair Nichol.” “Such pictures did not exhibit the sort ofmercurial rise, and subsequent fall seen in other areas ofthe art and antiques market over the last several years. Toshrewd buyers, good paintings dating from the early 19thcentury and prior are viewed as being less susceptible tofluctuations in taste and represent a ‘flight to quality’ intraditional economic terms” added Nichol.

Past Old Master painting highlights have included Festa AlVillaggio by Domenico Brandi, which realized $22,500

SPECIALISTSDavid Weisstel: +1 [email protected]

Nick Curnowtel: +44 (0)131 557 [email protected]

JEAN-BAPTISTE GARNIER(french fl. circa 1748-1759)ABRICOTS ET PRUNESSigned with initials “JB.”(cojoined) G.f” bottom center.Oil on panel; 9 7/8 x 13 1/8 inches (25.1 x 33.3 cm)provenance: Kunsthandel P. De Boer, Amsterdam; Private Collection,Paris, acquired from the above, 1955; thence by descent in the family;Private collection, New York stateliterature:Michel Fare, Le Grand Siecle de la Nature Morte en France, Fribourg, 1974,p. 252 illus.$12,000-18,000 (£7,500-11,250)

(£14,060), and Les Deux Amies /La Jeune Dessinatrice (seepage 9), a wonderful rare pair of Hubert Robert oils lastexhibited in France in the 1950s, selling for $331,000(£206,875).

Suitable consignments are now being accepted untilAugust 31, 2011.

PIETER TILLEMANS(FLEMISH 1684-1734)A GREY MARE AND A FOAL IN AN EXTENSIVE HILLY LANDSCAPESigned, oil on canvas; 172.7cm x 151.2cm (68in x 59.5in)Provenance: John Sheppard Esq, Campsey Ash High HouseSold for £85,250 ($136,400) in April 2009

Noteworthy: Auction & Department News

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EISMIC CHANGES have occurred and are stilloccurring in the market for Chinese works of art. For

generations, the finest pieces were prized highest byWestern connoisseurs. Today it is one-way traffic againbut the merchandise is moving east. The Chinese StateAdministration of Cultural Heritage proudly announced in2010 that there are now around 90 million collectors ofart and antiques in the People’s Republic. Many of themappear to have taken at face value their government’sbelief that buying back China’s cultural heritage fromoverseas is as much a patriotic duty as it is an enjoyablepastime.

Fortunately for UK and American vendors andauctioneers, military, commercial and collecting historydictates that there are still large quantities of Chineseworks of art in English speaking countries. Asian buyersare attracted to Western provenances that reduce thepossibilities of recent fakes (an endemic problem in theMainland Chinese market) while the advent of onlinemarketing and technology allowing live bidding via theinternet ensures that it is not only sales in London, NewYork or the Far East that can attract an audience worthy ofthe famous Hollywood Road in Hong Kong.

The recent record for a Chinese work of art – the jaw-dropping £43m ($68.8m) for a Qianlong mark and periodreticulated yan cai vase – was set not in Beijing’sburgeoning but unregulated auction scene but by asuburban UK saleroom.

Admired by Chinese collectors for their outstandingquality, decorative exuberanceand historicalassociations,objectsmade

during the reign of the art-loving Emperor Qianlong (1736-1796) have become the financial benchmark against whichprices for all other works of art are measured – anaccolade once reserved for the much earlier pieces of blueand white porcelain coveted for centuries by Westerncollectors.

Buying trends at sales in Edinburgh and Philadelphia havemirrored those seen in more traditional centres of theAsian art market. As prices for 18th century Imperialmaterial have spiralled, so has demand for the Jiaqing(1796-1820) and Daoguang (1820-1850) wares thatrepresent the last flowering of the craft of porcelainmaking in China. Pieces from the early Republic period,shunned by a century of European collectors as meredecoration, have also undergone wholesale reappraisal:the best selling porcelain entry to Freeman’s March 2010sale (an established annual event timed to coincide withthe influx of international buyers for Asian Week onthe East Coast), was a large hu-form vase from this era,achieving $28,600 ($17,875).

Lyon & Turnbull experienced an early taste of the Chinesemarket phenomenon when a Yongzheng (1722-35)celadon moonflask sold for £275,000 ($440,000) inMarch 2006. More recently they have come to expect theunexpected whenever an item chimes with Chinese taste.Last September, a gold splashed bronze censer (£42,000/$67,200) and a Kangxi brush pot with unusual Europeanmarket decoration (£30,000/$48,000), both from theAberdeen Murray and Murray collection, were trumped by

a 19th century carved rosewoodand silkwork four-

fold screen. Adecade

ago

Full of Eastern PromiseRoland Arkell, Deputy Editor of the Antiques Trade Gazette, examines thecurrent state of the Asian Art Market.

S

Massive Chinese bronzecensermarked, qing dynastySold for $44,200 (£27,625)

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the £2,000-3,000 ($3,200-4,800) guideline would haveproved ample: now it is heading back to China after sellingat £53,000 ($84,800). In short, the market continues towiden.

But, above all, it is prices for carved jade and rhinoceroshorn – materials long prized in China for their beauty andspiritual properties – that have increased exponentially inthe past decade. It is the purest specimens of white andyellow jade, thought to embody the virtues of thegentleman and the scholar, that are today ranked above allothers by the Chinese. It was a white jade brush washerfrom the Qianlong period which achieved $79,000(£49,375) (estimate $10,000-15,000/£6,250-9,375) atFreeman’s in March 2009.

A commonly asked question is justhow long it will last? In fact, as theboom shows no sign of bust,perhaps the real quandary is not willthe Chinese continue to buy atcurrent levels but how long until thedeep well of Chinese works of artresiding in Europe and America runsdry? More statistics from the StateAdministration of Cultural Heritage:the country’s media now producemore than 50 antiques-relatedtelevision shows with the top-ratedshows airing weekly to 30 millionviewers. Apparently a particularfavourite is Tian Xia Shou Cang(World Collection) that operates anAntiques Roadshow format with atwist. Should an item be found to bea recent fake, it is smashed, live oncamera, with a hammer.

39

The best works from the early Republic period have ridden a spectacularprice trajectory in recent years. This large hu-form vase from the early20th century achieved $28,600 (£17,875) at Freeman’s in March 2010.

A white jade brush washer from the Qianlong period which achieved $79,000(£49,375) at Freeman’s in March 2009.

As prices for Chinese jade and porcelain spiral, the market has widenedto include lacquer, carved wooden scholar’s objects, textiles and theprofusely carved Cantonese ivories that arrived in the West in largequantities during the 19th century. This 19th century carved rosewoodand silkwork four-fold screen sold at L&T in September for £53,000($84,800).

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F.C.B. Cadell:A Retrospective

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Lyon & Turnbull have been instrumental insecuring the loan of an important still-lifepainting by the Scottish Colourist artistF.C.B. Cadell, to be included in the forthcomingretrospective exhibition of his work at theScottish National Gallery of Modern Art.

The Wedgwood Vase is a fine example of thepoised still-lifes, infused with a contemplativeatmosphere, that Cadell created in the 1920s. Itincludes classic elements of his painting, such asthe highly-polished surface of the table, whichreflects the base of the vase, as well as theinclusion of the corner of one of his otherpaintings hanging on the wall to the left. Theprofile of the seated gentleman and the greenporcelain bowl were amongst Cadell’s favouritestill-life props, which he found endlesslyinspiring, as he re-arranged them in ever morebeautiful compositions before painting them.

Francis Campbell Boileau Cadell (1883-1937) isone of the four artists popularly known as “TheScottish Colourists”, along with J.D. Fergusson,G.L. Hunter and S.J. Peploe. He is renowned forhis stylish portrayals of Edinburgh New Towninteriors and the elegant society that occupiedthem, his vibrantly coloured, daringly simplified still livesof the 1920s and for his evocative landscapes of the westof Scotland and the south of France.

This retrospective, the first solo exhibitionof Cadell’s work to be held in a public gallery since theMemorial Exhibition held at the National Gallery ofScotland in 1942, will include some seventy loans, fromprivate and public collections. It will be accompanied by alavishly illustrated catalogue based on new research.It is also the first of the exhibitions in The ScottishColourist Series being staged by the Gallery, to befollowed by S.J. Peploe in 2012 and by J.D. Fergusson in2013.

Alice Strang, Senior CuratorScottish National Gallery of Modern Art

F. C. B. CADELL 1883-1937PORTRAIT OF A LADY IN BLACK, c. 1921

Oil on canvas, 76.3 x 63.6cmScottish National Gallery of Modern Art, Edinburgh.Bequeathed by Mr and Mrs G. D. Robinson through

The Art Fund 1988

Opposite (detail):F. C. B. CADELL 1883-1937THEWEDGWOOD VASEOil on canvas, 45.5 x 38cm

Private Collection courtesy Lyon & Turnbull

The Scottish Colourist Series:F. C. B. Cadell

October 15, 2011 – March 18, 2012Dean Gallery

(Scottish National Gallery of Modern Art)Belford Road, Edinburgh EH4 3DR

Admission payable www.nationalgalleries.org

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Q What inspired this exhibition?

In the beginning, there was no one object of inspiration,but rather the knowledge that the area of southeasternPennsylvania furniture had never been examined in aholistic way (i.e. both English speaking people andGerman speaking people), attempting to identify veryspecific localisms within numerous counties.

Q What was your most surprising discovery?

Oh, there have been many, but there were several really“wow” moments. One of those moments happened at theWestmoreland Museum of American Art. We werewalking through a gallery and Barbara Jones, the curator,asked if we wanted to look inside a very simply decoratedchest (see illustration right). We almost passed on that –no fancy decoration, name, or date on it – but we thought,”never leave any chest unopened!” When we opened it weboth let out a simultaneous scream, for there was a“stocking string” held between two forged nails. We hadheard about these and had seen lots of nails and nail holesinside of chest lids, but had never found anything morethan a few threads beneath the nails. Once we lookedmore closely, we found the name “Henry Winter” writteninside the till lid. We now believe that he was the ownerand that the chest was made by Peter Rank, whoseaccount book is in the Winterthur Library. Lisa Minardieven found Heinrich Winter's birth and baptismalcertificate at a small antique show this past September.

Q As traditionally thought, are patterns of decorationassociated with specific counties consistent acrossgenres?

Indeed. In fact, that is really what this entireproject has been about; identifying those localcharacteristics of form, ornament andconstruction. The process of doing this has beenbased on identifying objects where we knowexactly who made or owned them and preciselywhere they lived. That said, sometimes we do getcertain motifs and types of ornament in severaldifferent locations, but there are usuallyidentifiable differences in style and execution.

Wendy A. Cooper is Winterthur's Lois F. and Henry S. McNeil senior curator of furniture. Along with assistantcurator, Lisa Minardi, Cooper is the curator of Winterthur's newest exhibition entitled “Paint, Pattern & People: Furniture ofSoutheastern Pennsylvania, 1725-1850”. Opening in April, this landmark exhibition explores the diverse furniture ofsoutheastern Pennsylvania along with the people who made, owned, inherited, and collected it. Objects include unique andcolorful furniture, fraktur, needlework, and paintings and focuses on the culture and creativity of the area's English andGerman speaking inhabitants. Lynda Cain, Freeman's Vice President Americana and Head of Museum Services had theopportunity to sit down with Wendy Cooper and get a preview into the inspiration for this exhibition as well as some of itsmost intriguing pieces.

Q If you had to choose, which object would you say is yourfavorite?

A real triumph and artistic decoration is the sulfur-in laidwalnut chest over drawers that we have borrowed fromthe Smithsonian Museum of American History, made, webelieve, in Lancaster County. We don't know who owned itoriginally, but it was acquired in the Ephrata area in theearly years of the last century. It has the date 1783 inlaidon an interior panel that covers the secret drawersbeneath the till.

On view April 2, 2011- January 8, 2012

Winterthur Museum, Garden & Library5105 Kennet Pike, Winterthur, DE

For more information, please visit winterthur.org

Chest, probably Peter Ranck (1770–1851), Jonestown, BethelTownship, Dauphin (now Lebanon) County; 1800–1810provenance:Westmoreland Museum of American Art, Greensburg,Pa., gift of the William A. Coulter Fund 1960.8

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Lyon & Turnbull’s Chinese vasemoment came with the sale of a moonflask vase which experts reckoned wasmade directly for the Emperor Yongzheng,

and which soared above its conservative topestimate of £30,000 to £300,000. It had

been discovered in the kitchen cupboard of itslate owner when assessors went to value the estate.

It had been regularly used for flower arrangements.

44

The recent sale for £51m of a Chinese vase found in anattic has no doubt encouraged many people to lookcarefully through their family attics in the hope of findingsomething equally valuable. But few of them will considerwhat such a treasure could mean in terms of tax liabilities.

This article explains what tax liabilities might arise on asale of an unexpected treasure, and the importance ofaccurate valuations.

It is fairly common knowledge that most assets arechargeable assets for capital gains tax, and the tax ispayable on the difference between sale price (afterdeducting costs of sale) and acquisition cost. Since 2008there has been no allowance for inflation, or taper relief.Capital gains on disposals since June 23 2010 are taxed at18% (if the gain falls into the taxpayer’s basic rate band),or 28% otherwise.

But in cases where the item sold has been in the family formany years, or even found as treasure trove, what exactlyis the acquisition price?

The legislation allows both the costs of acquisition(including incidental costs) and expenditure on improvingthe asset to be deducted in calculating the gain. However,

the acquisition cost would normally beone of several amounts; purchase price,

1982 valuation or value at the date ofacquisition, all of which arediscussed further below.

Purchase price would be used ifthe item had been purchased

by the seller after March31 1982.

However, if the itemhas been owned

since before March 31 1982 the legislation requires thevalue at that date to be used instead of the purchase price,which is likely (although not always) to reduce the gain. Acompetent valuer will have detailed information regarding1982 values and will be able to assist in this regard.

The services of a professional valuer will also be required ifthe item has been acquired as a gift, as the cost for capitalgains tax purposes is the value at the date of gift. Thiswould also be the case if the asset had been distributedfrom a trust to a beneficiary. Similar rules apply if the itemhas been inherited, as the acquisition cost for capital gainstax will be the value of the item at death, on whichinheritance tax (IHT) should have been paid if the overallestate is over the IHT threshold of £325,000. This isknown as the probate value and this value, once agreed, isalso used as the acquisition value for capital gains taxpurposes for those who inherit the item concerned.

For items sold shortly after they have been inherited, thismay mean that the gain is minimal, although this willdepend on the agreed probate value, once againunderlining the need for skilled valuation advice in thisarea.

As well as the ‘vase in the attic’ sale discussed above,there have been a number of high profile sales of ‘treasuretrove’ recently, and these also will have tax implications.The capital gains tax legislation defines the acquisitioncost as that incurred wholly and exclusively for theacquisition of the asset, and the likely analysis for treasuretrove is an acquisition cost of zero, giving a capital gainstax charge on the full sale proceeds, after deduction of thecosts of sale.

Bear in mind though that any coins which are sterling legaltender (eg most sovereigns) are exempt from capital gainstax, giving a tax free gain. However, this will not apply tocoins which are legal tender elsewhere or to very old coinswhich are no longer legal tender.

Patricia MockDirector

Direct : +44 (0)207 007 [email protected]

Private Client Services,Deloitte PCS Limited,

2 New Street Square, London, EC4A 3BZ

Found in the Attic:UK Tax Issues

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45

“We’ve got another one!” Heather, Freeman’s appraisalcoordinator, laid out this week’s cry for help. On August25th while away on vacation, a family's large home, builtin the early 19th century, went up in flames. The housewas full of wonderful examples of American furniture,American and European paintings and Chinese exportporcelain with their family crest. Upon hearing this, Ialready felt a sense of relief because there was no doubtthat a family such as this chose an insurer and a policythat protected the historic quality of the home and itsvaluable contents.

Fortunately, they had a blanket coverage which wouldreplace any item up to $10,000. However, there were no"scheduled items". They had an appraisal, but it was from1999 and it only covered what “they” thought wasvaluable which was only five of the paintings. No videodocumentation had been done, the only records wererandom photos from family pictures. There was an estateappraisal listing the inventory of the home, but it was from1980 and did not include photos and the descriptions didnot include any corresponding details such as dates ormeasurements. In the end, the family received a portion ofthe replacement value of a few of the items, they werewoefully under-insured and there was nothing I could doto help.

In the end the family could have taken a few simple stepsand a quick visit by Freeman’s to avoid this unfortunatecircumstance.

STEP 1: Video Inventory of The Home

A video filmed by a Freeman’s appraiser with attention tothe items which are valuable, would have allowed us toprovide the client with an appraisal for the loss. Ourvideographers have an understanding of art and antiquesand would have focused on the fine and important itemsin the home and their details, markings and signatures.

STEP 2: An Up-To-Date Formal Appraisal

A simple walk-through appraisal conducted by one of ourappraisers would have revealed that the family needed aminimum $500,000 in coverage for personal property andthat at least 25 items needed a formal insurance appraisal.A correctly prepared appraisal by Freeman’s, would haveguaranteed a quick and painless process in the case of a

loss. While the family had an appraisal, it suffered from afew major problems; it was woefully out-of date and onlyincluded a few of the items. Their umbrella policy coveredonly $100,000 of the contents, 1/5th of what was needed.

STEP 3: Choosing the right insurer and broker

In the case above, any basic annual review of the policywould have revealed that their appraisal was out-of-dateand they were in need of a fresh pair of eyes on thecontents of their home. In addition, none of the valuableitems were scheduled.

Freeman’s, established in 1805, offers all of these services.Our appraisers provide you with a video, a risk-assessment walk-through valuation and a formalinsurance appraisal for all of your personal property.Freeman’s is a national company with specialists andappraisers in every area of personal property across thecountry. Our firm works closely with the top insurers andbrokers to protect your most precious items in the case ofa loss.

Anita Heriot, Vice PresidentHead of the Appraisal Department

+1 [email protected]

When it All GoesUp in Flames

Anita Heriot, Head of Freeman’sAppraisal Department, offers adviceon how be prepared for the worst.

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46

In December, I was pleased to be asked by Freeman’sAuction House to serve as moderator of a paneldiscussion by several of my distinguished formercolleagues in the financial services industry on FederalEstate Tax: What To Do Now. Held in its beautiful, art-filled 3rd floor auction room on the morning of December2, 2010, the timely and informative panel discussionfeatured four experienced tax and estate planningattorneys, Christina Fournaris of Morgan, Lewis & Bockius,Carol Kroch of Wilmington Trust, Alan Mittelman ofSpector Gadon & Rosen, P.C., and Dennis Reardon ofReardon & Associates. After an attractive breakfastspread, the appreciative audience of 60 lawyers, bankers,and laymen heard a variety of ideas for proven tax-reducing techniques and approaches to sophisticatedestate planning. Topics included not only estate taxes, butalso gift taxes and generation-skipping transfer taxes, aswell as other typical estate planning concerns deemedprudent by those most experienced in the field. Later thepanel took questions from the audience. The furtherreform enacted by the lame duck session of Congress in acompromise bill worked out with the President becameeffective December 17 and presented us with the excuse,and the desire, to do a reprise panel on March 17, 2011with the same excellent panel members entitled “NewWealth Planning Opportunities and Paradigms in a Timeof Transition”. The substantial change wrought by thelegislation will be reflected in the laundry list of new ideas,planning opportunities, and re-worked techniques revealed

to the audience in this second session, again followed by agenerous time period for questions and answers.Freemans Vice President Sam Freeman promises moresuch learning opportunities in the future (PA lawyer CLEwas offered as an added inducement). Several tips thatcan be utilized in your planning and administrationprocesses are:

- An appraisal establishes values of property at the dateof death. This is the value that taxing authorities use indeterming the value of an estate for estate tax filingpurposes.

- Fair Market Value (FMV) is that value that a willingbuyer and a willing seller will agree to for a particularpiece of property. Retail/Replacement Value includesthe added value of handling, transportation, markup andprofit. The importance of this distinction is found inwhat taxing authorities look to when determining thevalue to apply tax against in an estate tax filing. The FairMarket Value is the value that taxing authorities use indetermining this value.

- When considering family or beneficiary division issues,an appraisal of personal property offers the opportunityto fairly divide the collection amongst those at interest.

Watch the Freemans website for future announcements orget on their mailing list by e-mailing Sam [email protected].

Ned DonoghuePhilanthropic & Fiduciary Solutions

Estate Tax Panelat Freeman’s

Topics included estate taxes, gifttaxes, generation-skipping transfertaxes and estate planning concerns

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47

For years it was the Wealth Management’s best keptsecret; a service as elusive as membership of Yale’s fabledSkull & Bones Society. If you had to ask, then it was not foryou.

What is this secret? It is the Family Office; a team ofadvisers privately employed to manage a family’s affairs.The concept is not new and can be traced back hundredsof years to the great landed European families, who had asecretariat running all their business and financial affairs.Whilst the idea might not be novel, the term Family Officehas more modern origins, dating from the last centurywhen wealthy American families, like the Rockefellers,created a family secretariat. With their diverse businessand philanthropic interests, the heads of such familieswanted an overall succession plan; and their children andlong retired family members, needed help managing theirmany interests.

Today there are a number of Family Office propositions onboth sides of the Atlantic. The “Single Family Office” runby individuals on the payroll of a family business, remainsthe preserve of the über-rich, due to the costs, complexityand rarity of personnel with all the requisite skills. In somecases, successful families have opened their Family Officearrangement to other families; the “Multi-Family Office”.This arrangement has evolved further with manyindependent companies, rather than the familiesthemselves, now offering a multi-client advisor basedproposition.

Having shaken off their Ivy League image there has been anew surge in demand for Family Office services, mainlythrough private client boutiques. Rather than an exclusivein-house service, theses families want an efficient way tomanage all their assets. Running the family business maydemand every minute of a family’s time, or perhaps thehead of family wishes to enjoy their retirement; in bothcases they wish to know that someone is still looking aftertheir complex family needs and supporting familymembers.

The Turcan Connell Model

“Turcan Connell Family Office” has been available toclients for five years now and there are a number offamilies benefiting from the service. It is built around theprinciple of trusted family counsel, so that each family

receives a service that is personal to them. The skills of apowerful team of professionals, including leading privateclient lawyers and specialists in investment management,financial and retirement planning, property, taxcompliance, tax planning and trust accounting, are pulledtogether and modelled around the family’s needs.

This bespoke inter-disciplinary approach is deliveredthrough offices in Edinburgh, London and Guernsey.

The Secret

The best Family Offices offer much more than runninginvestments; they are about continuity and provision forfuture generations. Succession planning, gives people theassurance that, in the event of an unexpected accident orill health, their financial and family affairs will still bemanaged by someone who understands their objectivesand the family ethos.

Clients of Turcan Connell Family Office value simplicity,transparency, and above all the integrity of trustedcounsel.

Alison J. Paul, PartnerTurcan Connell Family Office

+44 (0)131 228 8111

Family Secrets:Family Office

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48

Royal Oak Foundation Spring Lecturesmarchthrough may, 2011 philadelphia, boston, washington, d.c.

Freeman's is delighted to bepart of a community that supports the shared culturalheritage of Britain and the United States . The Royal Oak's exciting line-up includes David,Viscount Lascelles, Tim Knox, Marcus Binney and Mary S. Lovell. Freeman's is the proudsponsor of Royal Oak Foundation’s Spring lectures in Philadelphia, Boston andWashington, D.C.

Please visit royal-oak.org for more details and dates.

Appraiser’s Educational Lecturesfebruary through may, 2011, new york

The Appraisers Association of America is committed to ongoing education for appraisersand each season organizes a six-part slide lecture series at the Salmagundi Art Club inNew York City, given by specialists in the fine and decorative arts and focusing on specificareas in depth. With each talk members of the audience receive bibliographies and currentreference material prepared by the speaker. Following the lecture there is a reception providing networking andsocial opportunities for members of the audience of appraisers, dealers, collectors, and curators. The lectures aresponsored by Freeman's.

Lectures are monthly. Please visit appraisersassoc.org for more information.

Edinburgh Printmakers has a long-standing reputation over 40 years for quality and excellence in the field of contemporary printmaking, offering facilities and opportunities for artists and quality original fine art prints for sale.

This fundraising auction aims to help continue to provide key services and facilities for artists at Edinburgh Printmakers.

A catalogue of the work will be available to view, in advance ofthe public viewing dates, on Edinburgh Printmakers’ website from 09 March 2011. Advance bids will be accepted.

www.edinburgh-printmakers.co.uk

The Auction will take place at:Lyon & Turnbull Edinburgh Saleroom33 Broughton Placetel: +44 (0)131 557 8844fax: +44 (0)131 557 8668

email: [email protected]

Edinburgh Printmakers is a charity registered in Scotland, Scottish Charity Reg No. SC009015

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Happening Near You

Page 51: Spring International View Magazine 2011

49

Devon Horse Showmay 25, 2011, devon pa

Celebrating its 115th year, the Devon Horse Show and Country Fairis the oldest and largest outdoor multi-breed competition in theUnited States . While it draws top exhibitors from around theworld, the event continues to reflect Main Line local traditions andbenefits Bryn Mawr Hospital. Freeman’s is sponsoring the artinspired “First Night at Devon” on May 25, 2011.

The Devon Horse Show is May 26-June 5, 2011.For more information, please visit thedevonhorseshow.org

Philadelphia Antiques Showapril 9, 2011, philadelphia

The Philadelphia Antiques Show is celebrating its 50thyear. It is one of the longest running and mostprestigious antiques shows in the country and willbenefit the Penn Ovarian Cancer Research Center .Freeman’s is proud to support the next generation ofcollectors as sponsors of World Collectors Night andthe after-party at Anthropologie headquarters.

The Philadelphia Antiques Show is April 9-12, 2011. Fortickets and information, please visit philaantiques.com.

49

PhotocourtesyofThePhiladelphiaAntiquesShow.

Happening Near YouThe Philadelphia International Festival of the Arts(PIFA)april 9, 2011, philadelphia

A Conversation: The Paris Cultural Scene, 1910-1920Alex Ross and Joan Acocella, music and dance critics for The New Yorker, Michael R.Taylor, Curator of Modern Art at The Philadelphia Museum of Art, and Jeffrey Jackson,historian and author, Paris Under Water, take us on a journey back to Paris from 1910 to1920. Prepare to be charmed, astonished, entertained, and totally immersed in this livelydiscussion, moderated by Alasdair Nichol.

PIFA events run April 7-May 1, 2011. For more information, please visit pifa.org

Studio Incamminati Annual Exhibitionapril 15-21, 2011, freeman's

Studio Incamminati, school for contemporary realist art foundedby renowned artist Nelson Shanks, holds its annual exhibition of worksat Freeman’s April 15 – 21. The exhibition is open to the public andevening events include an exclusive painting demonstration by Shanksand a benefit auction featuring artists’ works from the nonprofitschool. For information about events and tickets, please visitstudioincamminati.org

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The Collection of theLate David Lloyd JonesLyon & Turnbull are delighted to be offering the collectionof Late David Lloyd-Jones in the March Decorative Artssale in Edinburgh. David was a former senior lecturer inPolitics at Glasgow University, and will be remembered asone of the most enthusiastic and pioneering collectors inScotland of Arts & Crafts, Art Nouveau and Art Deco.

Crossing the threshold of David’s Edwardian house inGlasgow’s West End was to enter a different world, eachwall and surface adorned with a myriad of objects. Thelarge drawing room off the entrance hall housed David’scollection of Art Nouveau, including his famous wall ofbooks with their decorative covers shown, rather thantheir spines. Meanwhile, in the dining room, thepredominant period was Aesthetic Movement withcarefully selected ebonised and gilt furniture.

50

Diary DatesThe forthcoming Glasgow programme of events willinclude a preview of Lyon & Turnbull’s Summer Fine salesin the beautiful surroundings of Pollok House in May. TheGeorgian historic house, situated in Pollok Country Parkon Glasgow’s south side, will play host to a selection ofFine Paintings, Fine Silver & Jewellery and Fine Antiquesbetween Tuesday May 17 and Wednesday May 18.

Specialist valuation days are held on a monthly basis inthe Glasgow office, in the city’s Blythswood art district.

• Third Tuesday of each month Silver & Jewellery

• Last Wednesday of each month Rare Books,Manuscripts & Photographs

We are happy to advise on all specialised fields includingPaintings, Furniture, Ceramics and Works of Art.

The office also continues to hold talks on the variousspecialist fields and the auctioneering business as awhole.

For more information on all these events, please contactLinda Robinson in the Glasgow office (+44 (0)141 3331992).

Lyon & Turnbull Londonare on the moveLyon & Turnbull’s London office has relocated to 78 PallMall, London SW1Y 5ES.

The telephone number remains as 020 7930 9115 and thefax 020 7930 9629.

Regional News: Glasgow & London

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Southern ExpansionFreeman’s is pleased toannounce John Jones as oursoutheastern regionalrepresentative based inNashville, Tennessee. Agraduate of the Universityof Alabama, Jones will becovering Nashville and thesurrounding area for thefirm. A USPAP certifiedappraisal representative, hejoins Freeman’s with overfifteen years of experienceas a private broker anddealer of decorative artsand is an associate member of the Appraisers Associationof America. Jones has advised private and corporatecollections as well as attorneys and estate planners. He isa recommended Chubb Collector’s Masterpiece Appraiser,a contributor to various published articles and has beenfeatured on HGTV and Fox. The southeastern region isrich in art, culture, hospitality and philanthropy. Freeman’sis eager to extend into the southeastern region with JohnJones leading the way.

For regional assistance in consigning or buying in thesoutheast, please contact John Jones at 901.634.3816 [email protected]

A selection of busts and a rare full-length figure of Benjamin Franklin(1706-1790) will be offered on April 13th. Part of the extensiveFrankliniana collection of Stuart Karu, the group ranges in estimate from$300-$500 to $10,000-$15,000.

Regional News: Nashville & Charlottesville

Treasures from CharlottesvilleOur Charlottesville office continues to source high-qualityproperty for our annual auctions. This season is noexception, from a Qianlong mark and period Ming stylevase toStuartKaru's collection related to the Philadelphiainventor, philosopher, printer, diplomat and FoundingFather Benjamin Franklin. Property from the Karucollection includes unusual bibliographic & historical itemsof books & rare prints to be offered March 31st. Especiallyinteresting is an original woodblock used by Franklin toprint an illustration for his 1759 edition of Poor Richard’sAlmanack; an unlikely survivor of an early Americanprinting establishment. More from this collection will beoffered in Americana’s April 13th auction including aselection of busts and a rare full-length figure of theFounding Father with estimates ranging from $300-$500to $10,000-$15,000.

For regional assistance in consigning or buying in the mid-atlantic, please contact Colin Clarke at 434.296.4096 [email protected]

John Jones

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52

Neighbours in the NorthFollowing in the footsteps of historic silversmith andpatriot, Paul Revere, who travelled frequently as amessenger for the Boston Committee of Correspondencebetween Philadelphia and Boston, Freeman’s is pleased toannounce the opening of its new office in the heart of hishome city. In addition to the legacy of Paul Revere, Bostonis home to the Freedom Trail and the USS Constitution aswell as several acclaimed museums including the Museumof Fine Arts, the Isabella Stewart Gardner Museum andthe Peabody Essex Museum. Boston’s rich history includesmany fine artists and craftsmen of which Winslow Homer,John Singleton Copley, Norman Rockwell and SamuelMcIntyre are just a few. The northeast region will be anexciting new frontier for Freeman’s.

Leading the way into Boston is Connecticut native andVassar Graduate, Kelly Wright. A USPAP certifiedappraiser, Wright brings 20 years of auction and appraisalexperience to Freeman’s and to the new Boston Office. Asa dealer, estate specialist, art advisor and private broker inNew York City for over a decade, he oversaw the sale of anumber of noteworthy estates, including the collections ofWilliam Paley, Myrna Loy and Edward Wormley. He also

served as an advisor to corporations such asWarnaco andLehman Brothers. In 2003, Wright relocated to Bostonwhere he continued to advise private and corporate artcollectors.

To kick off the opening of the new Boston location,Freeman’s is honored to host Ian Gow, Chief Curator of theNational Trust for Scotland, at a reception at the Museumof Fine Arts. Gow, an expert on Scottish decorative artsand architecture, will lecture on Scotland’s lost treasure,Hamilton Palace, and guests will enjoy a private preview ofthe newly restored Hamilton Palace Dining Room, the onlycomplete and assembled room to survive the destructionof the palace.

Top: The Old City Hall, hometo Freeman’s in Boston.

Below: Statue of Paul Revere.

Kelly Wright

PhotocreditAmandaMWatters

GreaterBostonConvention&VisitorsBureau

Regional News: Boston Opening

For regional assistance in consigning or buying in thenortheast, please contact Kelly Wright at 616-367-3400or [email protected]

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53

International Auction Calendar

MARCH

09 Decorative Arts & DesignLyon & Turnbull, Edinburgh

19 Fine Asian ArtsFreeman’s, Philadelphia

30 Fine AntiquesLyon & Turnbull, Edinburgh

31 Fine Books, Manuscripts & EphemeraCoins, Currency & MedalsFreeman’s, Philadelphia

APRIL

13 American Furniture, Folk &Decorative ArtsFreeman’s, Philadelphia

20 Scottish Contemporary PaintingsLyon & Turnbull, Edinburgh

MAY

04 Books, Maps & ManuscriptsLyon & Turnbull, Edinburgh

14 AntiquesLyon & Turnbull, Edinburgh

15 Modern & Contemporary ArtFreeman’s, Philadelphia

25 Fine English Furniture, DecorativeArts & SilverFreeman’s, Philadelphia

26 Fine Continental Furniture &Decorative ArtsFreeman’s, Philadelphia

27 Oriental Rugs & CarpetsFreeman’s, Philadelphia

JUNE

01 Fine Jewellery & SilverLyon & Turnbull, Edinburgh

02 Fine PaintingsLyon & Turnbull, Edinburgh

15 Scottish Design from 1850Lyon & Turnbull, Edinburgh

19 Fine American & European Paintings& SculptureFreeman’s, Philadelphia

20 Fine Jewelry & WatchesFreeman’s, Philadelphia

29 Fine AntiquesLyon & Turnbull, Edinburgh

JULY

13 Jewellery & SilverLyon & Turnbull, Edinburgh

14 PaintingsLyon & Turnbull, Edinburgh

20 Jewelry, Watches & AccessoriesFreeman’s, Philadelphia

20 Paintings & PrintsFreeman’s, Philadelphia

21 Mid Summer Estates SaleFreeman’s, Philadelphia

23 AntiquesLyon & Turnbull, Edinburgh

AUGUST

16 The Robert Elliott Collection ofMeteorites: Part 2Lyon & Turnbull, Edinburgh

17 Scottish SilverLyon & Turnbull, Edinburgh

17 Wemyss WareLyon & Turnbull, Edinburgh

Property illustrated above to be sold in Scottish Contemporary Paintings, Rugs, Carpets & Textiles and Books, Maps & Manuscripts

Coins, Currency & Medals, March 31United States of America. Gold Eagle ($10.00).1799. Extremely fine. Small star variety.From the collection of a Philadelphia family$8,000-10,000 (£5,000-6,250)

Page 56: Spring International View Magazine 2011

International Staff Directory

PICTURES, WATERCOLOURS

AND PRINTSNick [email protected]

Elena [email protected]

Rebecca [email protected]

OLD MASTERSNick [email protected]

FURNITURE, CLOCKS AND

WORKS OF ARTLee [email protected]

Douglas [email protected]

AMERICAN, FURNITURE,

DECORATIVE & FOLK ARTLynda A Cain (+1 267.414.1237)[email protected]

Samuel M Freeman II (+1 267.414.1200)[email protected]

ENGLISH & CONTINENTAL FURNITURE,

SILVER & DECORATIVE ARTSRobert Waterhouse (+1 267.414.1226)[email protected]

David Walker (+1 267.414.1216)[email protected]

ASIAN ARTSRobert Waterhouse (+1 267.414.1226)[email protected]

Richard Cervantes (+1 267.414.1219)[email protected]

OLD MASTERSDavid Weiss (+1 267.414.1214)[email protected]

FINE JEWELRY &WATCHESSamuel M Freeman II (+1 267.414.1200)[email protected]

Kate Waterhouse (+1 267.414.1230)[email protected]

FINE PAINTINGS & SCULPTUREAlasdair Nichol (+1 267.414.1211)[email protected]

David Weiss (+1 [email protected])

MODERN & CONTEMPORARY ARTAnne Henry (+1 267.414.1220)[email protected]

Aimee Pflieger (+1 267.414.1221)[email protected]

PHOTOGRAPHSAimee Pflieger (+1 267.414.1221)[email protected]

Kate Molets (+1 267.414.1228)[email protected]

RUGS AND CARPETSGavin [email protected]

JEWELLERY, SILVER, COINS

ANDMEDALSTrevor [email protected]

Colin [email protected]

DECORATIVE ARTS AND DESIGNJohn [email protected]

EUROPEAN AND ASIAN CERAMICSCampbell [email protected]

Harry [email protected]

RARE BOOKS, MAPS, MANUSCRIPTS AND

PHOTOGRAPHSSimon [email protected]

Alex [email protected]

ARMS AND ARMOURJohn Batty (consultant)[email protected]

ANTIQUE SALESHarry [email protected]

ENQUIRIES AND

COMMISSION BIDSTel. 0131 557 8844Fax. 0131 557 [email protected]

POP CULTURESimeon Lipman (+1 267.414.1213)[email protected]

ORIENTAL RUGS & TAPESTRIESDavid Weiss (+1 267.414.1214)[email protected]

Richard Cervantes (+1 267.414.1219)[email protected]

RARE BOOKS, MANUSCRIPTS

& EPHEMERADavid J Bloom (+1 267.414.1246)[email protected]

Joe Huenke (+1 267.414.1247)[email protected]

BIDS DEPARTMENTNatalie Difeliciantonio(+1 267.414.1208)fax: (+1 215.599.2240)[email protected]

Telephone: +44 (0)131 557 8844 www.lyonandturnbull.com

Main Switchboard +1 215.563.9275 www.freemansauction.com

54

Page 57: Spring International View Magazine 2011

• Do you know the value of your possessions?

• Do you know the name of your Broker?

People know the name of their bank manager,accountant and lawyer but often not their broker, towhom they entrust the safety and security of theirhome and their family treasures.

Brokers must visit and professionally assess theproperty they are empowered and paid to protect.Otherwise, peace of mind can rest on uncertainfoundations which fail when it matters most.

The increasingly volatile nature of the art andproperty markets necessitates accurate and currentinformation.

With Berkeley Insurance Group you can alwaysexpect a personal visit to your home, followed by afree assessment of the overall value of its contentsby Lyon & Turnbull, and then by free updates as themarkets evolve. If and when the worst happens thehighly experienced Berkeley Insurance Group teamwill move into action on a 24 hour basis to take apersonal hand in 'insuring' the repair andreplacement of your house and contents.

To discuss what we can do for you, please

contact us on 0845 894 8487 or email

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Berkeley Insurance Group UK Limited is Authorised and Regulated by the Financial Services Authority.

We value what you value

Leicester Office

2 Colton Square,

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Edinburgh Office

1 St Colme Street,

Edinburgh, EH3 6AA

London Office

15-19 Cavendish Place,

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Luton Office

12-14 Park Street,

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Page 58: Spring International View Magazine 2011

56

“I enjoy auction rooms. I like the excitement of the bidding andthe possibility of a bargain. I like the breadth of lots offeredfor sale: the exotic, the elegant, the much-loved, the franklydistressed – all of life is to be found in the saleroom.

“I have particular affection for the auction rooms of Lyon& Turnbull. They are in a part of Edinburgh in which Iset two of my series of novels – the Isabel Dalhousieand the 44 Scotland Street books. In one of the IsabelDalhousie novels, Isabel goes to a Lyon & Turnbullauction, and bids for a painting. Then she goes forlunch in the Scottish National Portrait Gallery –another of my favourite places.

“But it is not just my fictional characters who buythings in Lyon & Turnbull – I do so myself. So itwas an obvious place for me to go when Iwanted to get a new desk for my library in myhouse in Edinburgh. I have two working roomsin the house – one a writing room, the other alibrary. Over the last few years the writingroom has become a bit cluttered. Its table, onethat I had made for me by a firm specializing inantique reproductions, gradually disappearedunder piles of books and papers.

“The time had come to migrate, and wedecided to get an interior decorator, SaraWhitby, to do up the library. RichardLambourne, an Edinburgh cabinet maker, builtfloor to ceiling oak shelves, while Sara came upwith just the right chairs and curtains. But Ineeded a table that could serve as a deskwithout being so large as to attract unwantedpiles of books. This was where Lyon & Turnbullcame in, and I found in one of their furnituresales the perfect piece of furniture for the room.My table is almost two centuries old – quite athought – but it is in excellent condition. I writeat it each day, and am thinking of writing it intoone of my future books.

“I am very grateful: as Isabel Dalhousie herselfmight put it, We should always be thankful forthe tables we have.”

Alexander McCall Smith

. . . in the History of a Regency Table

A New Chapter . . .

Photograph:M

ikeBascom

bePhotography07738

333090

Alex Dove, of Lyon & Turnbull, visited the home of Alexander McCall Smith, author of the hugely successful No. 1 LadiesDetective Agency, Sunday Philosophers’ Club and the serial 44 Scotland Street. Several years ago he purchased a Regencylibrary table from one of Lyon & Turnbull’s Fine Antique sales which now provides the perfect location for his musings.

“Philosopher, writer,musician and physician:a true Renaissance man.”

Page 59: Spring International View Magazine 2011

Asia Australia Europe Middle East The Americas

no.8

At T. Rowe Price, we believe our independence sets us apart. It’s why we’re free to focus on our most important goals – those of our clients.

Page 60: Spring International View Magazine 2011

33 Broughton PlaceEdinburgh EH1 3RRTel: +44 (0)131 557 8844

182 Bath StreetGlasgow G2 4HGTel: +44 (0)141 333 1992

78 Pall MallLondon SW1Y 5ESTel :+44 (0)20 7930 9115

www.lyonandturnbull.com email: [email protected]

1808 Chestnut StreetPhiladelphia PA 19103Tel: +1 215.563.9275

126 Garrett StreetCharlottesville VA 22902Tel: +1 434.296.4096

45 School StreetBoston MA 02108Tel: +1 616.367.3400

www.freemansauction.com email: [email protected]