Ashbey’s Galleries

6 October 2008 Fine Art and Antiques Auction

13 November 2008 Fine Art and Antiques Auction

11 December 2008 Fine Art and Antiques Auction.

Auction info www.ashbeysgalleries.co.za

Ashbey’s Galleries is pleased to offer on Public Auction, 16th October @ 10:00, a wonderful selection of Fine Art, Furniture and Fittings.

The auction will include IRMA STERN “BLOSSOM IN VASE” OIL ON CANVAS, SIGNED AND DATED ‘44. (55 X 60CM).

Works by Stern has enjoyed extensive International press coverage recently, after rumours that another imminent sale would reclaim her position as South African record holder for the most valuable painting. Her previous record sale was a painting which sold for £500 000.

Public viewing will be made possible a week prior to the auction itself.

Ashbey’s Galleries having been involved in the World of Art and Antiques for over a 100 years and continues to offer specialised knowledge, friendly and prompt service, a reputation for fair dealing, authorative catalogues and a following of knowledgeable and informed clients through South Africa and abroad, have established Ashbey’s Galleries as one of the leading Auction Houses in South Africa.

Auction info www.ashbeysgalleries.co.za

Bonhams & Goodman held a sale of exceptional Fine Jewellery on 25 August it was of the strongest jewellery sales held in Melbourne by the company to date.

The honour of the top lot of the sale went to Lot 70, an impressive 10.12 carat solitaire diamond ring, which sold for $120,000 including buyers premium. Other highlights included a fine 3.01 carat white and pink diamond ring by Calleija which was knocked down for just under $50,000, including buyers premium, and a beautiful bow motif diamond necklace, which sold for $38,000, including buyers premium.

Auction info www.bonhamsandgoodman.com.au

Ezemvelo Wildlife raised R6,7-million from a rhino auction in Pietermaritzburg, the conservation body said on Monday.

Jeff Gaisford said 32 white rhinos were sold to private game reserves and game ranches in the country for an average price of R198 875.

Another 330 animals including warthogs, wildebeest and impala were also sold.

Gaisford said the auction was to sell off surplus animals in areas managed by the organisation.

Officials have cancelled the next session of the weekly auction at the Nairobi Coffee Exchange, citing supply constraints.

This is the second time in under two months that the auction has had to be cancelled after producers failed to turn in sufficient coffee for sale at the Exchange).

The Nambian Ministry of Environment and Tourism generated N$19 million from a live game auction held in Windhoek on Friday morning. A total of 175 animals were auctioned.

The animals were captured in the Waterberg Plateau Park and Etosha National Park.

Auctions of rare game species from State-owned game parks were approved by Cabinet in 2003.

They are being conducted every second year and the last one in 2006 generated over N$9,2 million.

The money generated from these auctions is put into the Game Products Trust Fund, which funds rural conservancies and community development programmes.

The Namibian government holds wildlife auctions every two years to raise funds to be used in conserving and managing protected areas.

“Our wildlife are proudly making a contribution to wildlife sectors in South Africa, Botswana, Zambia, the U.S., Nigeria and other countries as Namibia has become a major player in the wildlife industry, not only through auctions like this, but through targeted donations to sister countries to help revive dwindling populations,” said Kalumbi Shangula, an official in the Ministry of Environment and Tourism.

The money raised at this year’s auction, would be deposited into the Game Products Trust Fund, which was created to channel revenues from wildlife products into conservation and community development programs, Shangula said.

On Saturday 20th September, the Nederburg charity sale is an integral part of the main Nederburg wine Auction, with all funds raised divided equally amongst the three beneficiaries of the Nederburg Charity Trust. They are the Hospice Palliative Care Association of South Africa, Organ Donor Foundation and an AIDS-HIV-support NGO, Mothers2Mothers (M2M).

The Nederburg Auction has raised close on R1,9 million towards the Hospice Development Fund over the past 15 years, as well as R260,000 for the M2M initiative since 2003.

The country is expected to receive about 100 million kg of tobacco worth about US$250 million at the close of the marketing period.

Of the 27,6 million kg that have been sold, 17,4 million kg were sold through contract farming while 10,1 million kg had been sold through the auction system, statistics provided by the Tobacco Industry and Marketing Board (TIMB) showed.

TIMB figures showed that 331 812 bales of tobacco had gone under the hummer during this period.

Auctioneers have criticized the Central Bank of Kenya for insisting that the Grand Regency Hotel would not have fetched a good price if it was sold through an auction.

Instead, the National Association of Kenya Auctioneers (NAKA) said that a public auction was the best option that would have yielded the best price.

Kenyan Finance Minister Amos Kimunya is stepping down during an investigation into the controversial sale of the Nairobi hotel.

Speaking to the Nation in Nairobi Sunday, NAKA members, led by chairman James Josiah, said the claim by CBK did not hold any water.

Mr Josiah said a public auction was the best way to fetch a high price for any kind of property as it was guided by a set reserve price.

“History in public auctions has shown that a property can be disposed for twice as much the reserved price,” said Mr Josiah.

The hotel was allegedly sold for about $45 million, instead of its recorded valued of $115 million.