A salutary lesson From: The Spectator | Date: December 5, 1998| Author: | Copyright Spectator Dec 5, 1998. Provided by ProQuest LLC.Copyright information

Salerooms

The most valuable and most important single-owner collection of European furniture ever seen at auction' was offered at Christie's New York last week. The 60 or so `museum-quality masterpieces' of French and English furniture, along with another two dozen lots of Chinese porcelain, ormolu clocks, candlesticks and candelabra and the like, were expected to fetch a spectacular $30 million-$40 million. Christie's, so some sources have it, secured the consignment by offering a guarantee a proportion of the estimated total whether or not the objects sell - some 30 per cent higher than ...

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