A rare historical document signed by King Charles II and a letter from Queen Katherine Parr announcing her marriage to Henry VIII are among several remarkable items included in a Sotheby’s auction, ahead of King Charles III’s coronation on May 6.
Sotheby’s has launched bidding on its one-off Coronation Sale, bringing together an array of fine manuscripts, jewellery, artworks and other objects spanning the Middle Ages to the 20th century — all centred on Britain’s royal past. The pieces will be displayed at Sotheby’s New Bond Street galleries until May 4.
The highlight of the lot is the Declaration of Breda, which enabled the Restoration of the monarchy in 1660. One of only two surviving copies signed by King Charles II, it is described by Sotheby’s as “the most important document relating to Britain’s royal history to ever come to the market”.
Sotheby’s manuscripts specialist Gabriel Heaton says: “Alongside the Magna Carta, The Bill of Rights and The Act of Settlement, this is one of a small number of transformational royal documents that have changed royal power forever, and as such it is the most important of its kind to ever appear for public sale.
“It is through this Declaration that in 1660 the monarchy was re-established on freshly agreed terms, setting the monarchy on a path that leads to the constitutional monarchy that we know 350 years later as Charles III ascends the throne.”
Valued between £400,000 and £600,000, the document was produced after a series of turbulent decades, following the British Civil Wars fought between 1639 to 1653, which resulted in the execution of King Charles I and the establishment of the republican government, the Commonwealth of England. After the death of Oliver Cromwell in 1658, unrest began to grow, with some calling for a return of the exiled king, Charles II.
Seizing an opportunity amidst instability, Charles drew up an agreement to unify Parliament and the realm's military rulers, outlining his vision for his future reign, The Declaration of Breda, which resulted in his return to power in London, where he ruled for 25 years.
He initially sent five copies from exile in Breda in the Protestant Netherlands, to the House of Commons, City of London, Army, House of Lords and the Navy in April 1660. The document indicated a desire to reconcile the various arms of governance and deliver closure from the pains of the civil wars.
Reflecting its conciliatory tone, one extract reads: “To all Our loving Subjects ... after this long Silence, We have thought it Our Duty to Declare how much We desire to contribute thereunto ... We can never give over the hope in good time to obteyne the possession of that Right, which God and Nature hath made Our Due ... after so long misery & sufferings ... with as little bloud and dammage to our People, as is possible."
While three copies have been lost, the document sent to the Navy, addressed by Charles as "the walls of the kingdom”, is being offered for sale at Sotheby's. It was first handed to Samuel Pepys, dubbed the "Father of the Modern Navy", who was secretary to the general at sea, Edward Montagu, and was tasked with convincing the navy to support the king.
Pepys addressed a group of senior navy representatives and presided over a key vote. In a diary entry for May 3 1660, he described reading the Declaration of Breda to the men.
“The commanders all came on board ... I read the letter and declaration; and while they were discoursing upon it, I seemed to draw up a vote .... Not one man seemed to say no to it, though I am confident many in their hearts were against it.
“After this was done, I went to the Quarter-deck with my Lord and the commanders, and there read both the papers and the vote ...the seamen did all of them cry out ‘God bless King Charles’ with the greatest joy imaginable.”
Having won all five parties over with his letter, Charles was proclaimed king on May 8, 1660.
The letter is appearing in public for the first time in four decades, since it was auctioned in 1985 by the descendents of Montagu, who brought the king back from the Netherlands — removing an image of Oliver Cromwell crowned with laurels from the Naseby and renaming the flagship the HMS Royal Charles.
The Coronation Sale also features a letter written by Katherine Parr on July 20 1543, only days after her marriage to the Henry VIII, who was 52 at the time. Katherine was the last of Henry’s six notorious marriages, which took place at Hampton Court Palace in front of a small crowd of 18. Following the ceremony, they went on a summer journey, with Parr penning the letter at their first stop at Oatlands Palace in Surrey.
Katherine was believed to be named after Henry’s first wife, Catharine of Aragon, whom her mother had served as a lady-in-waiting. Neither a royal nor a noble, Katherine was a widow at 31 at the time, and was spotted by the king as part of the household of his eldest daughter, Mary.
Katherine had some reservations. Firstly, she was already in love with the king’s former brother-in-law, Thomas Seymour. Henry had also just executed his previous wife Catherine Howard 18 months earlier.
However, Heaton adds: “Rejecting the King’s advances in favour of his former brother-in-law, Thomas Seymour, was unthinkable, and the marriage would undoubtedly bring great benefit to her family.”
Indeed, it saw her brother William, the recipient of the letter on auction, appointed the Earldom of Essex.
In her letter to William, valued between £15,000-20,000, Katherine wrote: “It hath pleased Almighty god of his goodness to incline the Kinges ma[jes]tes harte in suche wise towards me”. She called the event “the greatest Joye and comfort that could happen to me in this world”, and encouraged her brother to “rejoyse with me in the goodness of god and of his Ma[jes]te”.
Katherine eventually married Seymour six months after Henry’s death in 1547. Having been married a total of four times, she racked up more marriages than any other English Queen. However, she too would die after complications following childbirth only a year later.
Heaton adds: “Katherine has often been represented as a nurse to an ailing king, but she was a highly eligible widow in her mid-thirties, extremely well educated, fluent in several languages and with a keen interest in religious reform.
“She understandably felt some trepidation about marrying an aging King Henry, with a history of marriage that was chequered to say the least. However, this letter shows her engaging in an external display of delight at her new circumstances.”
The auction also includes a letter by Charles I expressing bitter disappointment over his nephew’s surrender of Bristol as he faced defeat in the Civil War; as well as a series of letters to a mentor by the future King Edward VIII. Alongside these are one of the six brooches the late Queen Elizabeth II gave to her maids of honour for their service at her coronation, estimated at £30,000 to 50,000. There is also a replica of the Crown Jewels made in honour of the event in 1953 (£10,000-15,000).
In all, the auction aims to pay tribute to a millennium of British coronations and offer a glimpse into some crucial moments of British royal history.
Bidding on the sale is now open until May 4, with highlights also on exhibition at Sotheby’s London. The full catalogue can be viewed at https://www.sothebys.com/en/buy/auction/2023/the-coronation-sale
Auron Mein Kahan Dum Tha
Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
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PSL FINAL
Multan Sultans v Peshawar Zalmi
8pm, Thursday
Zayed Cricket Stadium, Abu Dhabi
WISH
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Global state-owned investor ranking by size
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Brief scores:
Day 1
Toss: India, chose to bat
India (1st innings): 215-2 (89 ov)
Agarwal 76, Pujara 68 not out; Cummins 2-40
Top 5 concerns globally:
1. Unemployment
2. Spread of infectious diseases
3. Fiscal crises
4. Cyber attacks
5. Profound social instability
Top 5 concerns in the Mena region
1. Energy price shock
2. Fiscal crises
3. Spread of infectious diseases
4. Unmanageable inflation
5. Cyber attacks
Source: World Economic Foundation
JAPANESE GRAND PRIX INFO
Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday
Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
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Student Of The Year 2
Director: Punit Malhotra
Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal
1.5 stars
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Lowest Test scores
26 - New Zealand v England at Auckland, March 1955
30 - South Africa v England at Port Elizabeth, Feb 1896
30 - South Africa v England at Birmingham, June 1924
35 - South Africa v England at Cape Town, April 1899
36 - South Africa v Australia at Melbourne, Feb. 1932
36 - Australia v England at Birmingham, May 1902
36 - India v Australia at Adelaide, Dec. 2020
38 - Ireland v England at Lord's, July 2019
42 - New Zealand v Australia in Wellington, March 1946
42 - Australia v England in Sydney, Feb. 1888
UAE Team Emirates
Valerio Conti (ITA)
Alessandro Covi (ITA)
Joe Dombrowski (USA)
Davide Formolo (ITA)
Fernando Gaviria (COL)
Sebastian Molano (COL)
Maximiliano Richeze (ARG)
Diego Ulissi (ITAS)
Five films to watch
Castle in the Sky (1986)
Grave of the Fireflies (1988)
Only Yesterday (1991)
Pom Poki (1994)
The Tale of Princess Kaguya (2013)
UAE currency: the story behind the money in your pockets
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MATCH INFO
Osasuna 1 Real Madrid 4
Osasuna: García (14')
Real Madrid: Isco (33'), Ramos (38'), Vázquez (84'), Jovic (90' 2)
The essentials
What: Emirates Airline Festival of Literature
When: Friday until March 9
Where: All main sessions are held in the InterContinental Dubai Festival City
Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.
Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.
Information: www.emirateslitfest.com
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
UAE SQUAD
Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani
Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Salem Rashid, Mohammed Al Attas, Alhassan Saleh
Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Yahya Nader, Ahmed Barman, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah, Yahya Al Ghassani
Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
UAE currency: the story behind the money in your pockets
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Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
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Results:
5pm: Maiden (PA) | Dh80,000 | 1,200 metres
Winner: Jabalini, Szczepan Mazur (jockey), Younis Kalbani (trainer)
5.30pm: UAE Arabian Derby (PA) | Prestige | Dh150,000 | 2,200m
Winner: Octave, Gerald Avranche, Abdallah Al Hammadi
6pm: Arabian Triple Crown Round 3 (PA) | Group 3 Dh300,000 | 2,200m
Winner: Harrab, Richard Mullen, Mohamed Ali
6.30pm: Emirates Championship (PA) | Group 1 | Dh1million | 2,200m
Winner: BF Mughader, Szczepan Mazur, Younis Al Kalbani
7pm: Abu Dhabi Championship (TB) | Group 3 | Dh380,000 | 2,200m
Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan
7.30pm: Wathba Stallions Cup (PA) | Conditions | Dh70,000 | 1,600m
Winner: AF La’Asae, Tadhg O’Shea, Ernst Oertel
Killing of Qassem Suleimani
Scoreline
Australia 2-1 Thailand
Australia: Juric 69', Leckie 86'
Thailand: Pokklaw 82'
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059