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Museums question arms treaty

26 November 2012

New rules could “virtually kill the movement of historic arms” between countries “stone dead” and have a drastic impact on military collections, according to the Museums Association (MA).

International

Asset-backed lender receives £36m cash injection

19 November 2012

Borro have announced a total £36m injection of investment for the new asset-backed loan scheme based on art, antiques and luxury goods that they unveiled in September.

News

Instant secured loans issued on luxury assets

24 September 2012

Borro, the world’s first online asset lender, are to advance loans against high-value items being consigned for sale by auction or private treaty. The company have devised a scheme whereby they will loan up to 70% of the estimated sale price of assets valued between £50,000 and £1m, such as fine art, jewellery and wine, recouping their costs and fees once the sale has been completed.

News

Derby now hit in spate of museum thefts

13 August 2012

Coins, medals and watches worth over £50,000 have been stolen as a series of museum break-ins continues.

News

Record for a map as Buell’s America takes $1.8m

20 December 2010

OFFERED this month at Christie's New York, a copy of Abel Buell's 1784 New and Correct Map of the United States of America... became the most expensive map ever sold at auction.

Dumfries House contents deal revealed

20 September 2010

IT has been revealed that the sum paid for the contents of Dumfries House in Ayrshire was £30m. The contents were acquired for the nation with the help of a loan from the Prince of Wales shortly before they were due to be sold at auction in 2007.

Trade holding steady says BADA

04 May 2010

BUSINESS is holding up well for members of the British Antique Dealers’ Association despite the recession. With a projected combined turnover of about £752m, the impact of the downturn has not been as heavy as feared.

Sotheby’s see 87% fall in annual profits

02 March 2009

SOTHEBY’S latest figures showed just how deeply they were hit by the art market slump since October, with revenues for their final quarter sales cut by more than half to $166.2m. Profits for the year are down 87 per cent.

Sotheby’s complete purchase of NY HQ

16 February 2009

SOTHEBY'S have completed the purchase of their New York headquarters in a $370m deal.

Sotheby’s batten down hatches after third-quarter losses

10 November 2008

GUARANTEES slashed, costs to follow. That’s the message from Sotheby’s as they announce third quarter losses of $46.2m. And consignors will have to be more realistic about the deals they can secure and their expectations at auction in future.