Earl of Southesk Adds Gun to Museum Collection

The 13th Earl of Southesk, David Carnegie, has auctioned off family heirlooms from the 9th Earl of Southesk in order to buy back a significant portion of his ancestral home, Kinnaird Castle (right) in Scotland. Apparently, the Royal Alberta Museum in Edmonton, Canada, has purchased aboriginal artifacts from the earl for ₤1.1 million at a Sotheby's auction. Recently, the earl donated a 1852 Purdey and Sons black powder rifle to the museum's Southesk Collection.

The 13th Earl is currently the heir to the current Duke of Fife.

Just in! Marquess of Downshire Scores at Sotheby's Sale!

Unlike the Earl of Devon, the Marquess of Downshire did very well at today's Sotheby's sale. As we previously reported, he was selling a document called "Engineering - The Draining of the Fens". The item had a guide price of ₤20,000-₤30,000, but it sold for a remarkable ₤35,000.

Well done!

It must be said that most items at today's sale went unsold, while others barely reached their minimum guide price. The market seems to be skewed towards buyers, so our aristo's would be advised to keep the family silver at home until the market recovers in their favor. But when you need the money, you need the money...

Just in!!! Results of Earl of Devon's Sotheby's Sale!

The Aristo News has just returned from the Sotheby's sale in London. It was a wonderful affair! Were you there?

As we've reported before, the Earl of Devon was set to sell his "family silver" to help cope with the loss of wedding revenue at his ancestral seat, Powderham Castle. We dug a bit deeper to find that Lord Devon had already sold two pieces at Sotheby's for ₤938,750, which makes us believe that his financial woes may very well be for castle repairs or other financial problems.

Anyway, Lord Devon had eight lots for sale, three of which did not sell. Only one lot (Theological Traits - A Collection of 155 Works) came in over its guide price. The item with the largest guide price, Vindication of the Character and Conduct of Sir William Waller by Sir William Waller, was ₤10,000-₤15,000. This lot was unsold; the highest bid was ₤8,500.

All in all, Lord Devon raised ₤19,600 through the Sotheby's Sale. Coupled with today's sale, Lord Devon has raised ₤958,350 for his castle repairs...or whatever the money's really for... Good luck, Lord Devon!

LOTS SOLD:
₤3,500 for The Elements of Architecture by Henry Wotton (Guide Price: ₤4,000-₤6,000)
₤7,500 for Mahomet the Second, or the Generous Sultan: A Tragedy by John Boevery (Guide Price ₤8,000-₤12,000)
₤800 for The Entertainment of His Most Excellent Majestie Charles II, in His Passage through the City of London to his Coronation (Guide Price: ₤1,000-₤1,500)
₤7,000 for Theological Trairs - A Collection of 155 Works in 9 Volumes (Guide Price: ₤3,000-₤4,000)
₤800 for Robinson Crusoe by Daniel Defoe in 2 Volumes (Guide Price: ₤1,000-₤1,500)
Total of Lots Sold: ₤19,600

UNSOLD LOTS:
Highest Bid: ₤8,500 for Vindication of the Character and Conduct of Sir William Waller by Sir William Waller (Guide Price: ₤10,000-₤15,000 with a ₤10,000 Reserve)
Highest Bid: ₤7,000 for a 17th Century Bible (Guide Price: ₤8,000-₤12,000 with a ₤8,000 Reserve)
Highest Bid: ₤750 for The Mourtray Family by Elizabeth Hervey (Guide Price: ₤1,000-₤1,500 with a ₤1,000 Reserve)
Potential Revenue of Unsold Lots Based on Reserves: ₤19,000


If anything arises, we'll keep you posted.
Click here for today's Sotheby's sale.

Just in! 2nd Baron Hesketh's Trustees Sell Painting!

Just in!

No less than an hour ago, the trustees of the 2nd Baron Hesketh sold Gabriel Metsu's painting "A Woman Selling Game From A Stall" for ₤1,161,250 at Sotheby's in London. The guide price on this item was ₤1,200,000. With all of the talk surrounding a "recovery" in the art market, this comes as a bit of a surprise.

To see the item, click here.

Aristocrats Sell Items at Sotheby's

It seems the Earl of Devon isn't the only aristo with apparent financial woes...

As we've stated before, the Earl of Devon is parting with family treasures at Sotheby's July 14, 2009 sale. The Marquess of Downshire is also selling an engineering document entitled THE DRAINING OF THE FENS at this auction.
THE DRAINING OF THE FENS has a minimum guide price of ₤20,000. To see the item, click here.

Tomorrow (July 7, 2009), the trustees of the 2nd Baron Hesketh are selling Gabriel Metsu's painting entitled "A Woman Selling Game From A Stall". The minimum guide price is ₤1,200,000. Click here to see the item.

With these current sales, it makes us wonder if our aristo's are being beaten by the current financial crisis. We've heard that the art market it picking up, so maybe the aristo's are selling these items at the perfect time. We'll see.

The Aristo News won't be able to attend tomorrow's auction, but we'll keep you posted on the final sale price.

As for the July 14th auction, we'll keep you posted.

The Aristo News at Sotheby's Sale

The Aristo News will attend the Sotheby's Auction of the Earl of Devon's "family silver" on July 14, 2009. It should be very interesting!

We'll keep you posted on the auction.

Click here and here to follow our coverage of the Earl of Devon's financial woes.