The Michaelis School of Fine Art hosted its much talked about Alumni and Staff Auction in aid of bursaries and scholarships at the school. Stephan Welz, Managing Director of Strauss & Co and his team auctioned off ninety lots of work by prestigious and up and coming artists, raising a substantial sum with which the art school will establish a fund to support talented and needy students' studies. This was the first time that the school hosted an auction of this magnitude, with work generously donated by such a large number and range of former graduates, with many lots being bid off at well above the catalogue estimate.
