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Art and antiques news from 2007
In 2007 Christie's and Sotheby's raised their buyer's premium to the once unthinkable level of 25% for lots under £10,000.
In May contemporary art sales totalled $868 million in New York and in June £220 million in London, three times the previous year's total.
After renewed pressure from LAPADA the Department of Transport finally approved an official road sign promoting antiques as a local attraction.
Ally Pally fairs return in April
10 December 2007FAIRS are set to return to Alexandra Palace in North London, which for years was a favourite trade venue. The last Alexandra Palace fair was held on November 19, 2006.
First Fleet gem from the hand of Australia’s first Western immigrant artist
10 December 2007SMALL in size but large in shock value, this portrait miniature stunned the Gorringes’ saleroom when it sold at £90,000 plus 17.5 per cent buyer’s premium on December 6.
Is this the finest sculpture on earth?
10 December 2007It is only 3.25in (8cm) high, but it made more than any sculpture or antiquity ever offered at auction.
French auctioneers join challenge to eBay’s legal opt-out
10 December 2007EU ruling may supersede court decision on eBay’s status
£570,000 claim puts vendor contracts under scrutiny
10 December 2007Bonhams are being sued in a case that could have a significant impact on contracts between vendors and auction houses.
Lyon & Turnbull make it to top awards shortlist and get funding for expansion
10 December 2007Edinburgh auctioneers Lyon & Turnbull have been named among the runners up in the Bank of Scotland £25m Entrepreneur Challenge, a national competition designed to identify and support excellence in businesses.
Money laundering alert as dealer spots con
10 December 2007SPECIALIST glass dealer Ron Wheeler is alerting the trade to a possible scam after being approached via email by someone looking for gifts.
Spink branch out further
10 December 2007SPINK have acquired the assets of Collectors Gallery and have appointed the managing partner of the dealership Mike Veissid as director for their new bond and share department.
Shock resignation of Winter Olympia fair manager
03 December 2007EXHIBITORS and observers were shocked when Stephanie Dieckvoss, show manager of the Winter Olympia Fine Art & Antiques Fair, left Clarion Events, the show’s owners, just five days after the fair closed on November 18.
New tax threat to London art market
03 December 2007TREASURY plans to close tax loopholes for the wealthiest foreigners living in the UK could seriously damage the art market, it is feared.
Thieves take Mouseman stools from pub
03 December 2007Ten Mouseman stools were stolen from The Forresters Arms Hotel in Kilburn, North Yorkshire in the early hours of Monday, November 26.
It was Bonhams and ATG columnist who first raised alarm over Greenhalgh fakes
03 December 2007THE British Museum were credited with uncovering the fraud that led to the jailing of serial faker Shaun Greenhalgh two weeks ago, while auction houses and the trade were criticised for selling his work.
Now half of Antiquarius faces the axe
03 December 2007A LARGE number of dealers at Antiquarius in London’s King’s Road will have to quit the premises next year following the landlord’s decision to redevelop half the property.
Cole proves hot at £34,000 hammer
03 December 2007Among the highlights of Tennants’ Autumn Catalogue sale held in Leyburn on November 22-23 was this exceptional Victorian Egyptian revival table clock.
£9m Faberge record – a real nest egg
03 December 2007Russian week in London saw over ten sales offered at Sotheby’s, Christie’s, Bonhams and specialist Russian auctioneers MacDougall’s last week.
Stirring memories of the Norwich widow at £4600
01 December 2007ONCE the largest city outside London, Norwich had its own silver assay office during three periods between 1565 and 1702.
Christie’s take the laurels at trade quiz
26 November 2007Upwards of 150 people crammed into the top floor of The Texas Embassy restaurant off Pall Mall in London last week for the fourth annual Antiques Trade Pub Quiz.
Football match raises £10,600
26 November 2007THE 2007 Dealers Vs Auctioneers charity football match raised more than £10,600 in aid of Breast Cancer Haven.
Kent dealer falls victim to sting
26 November 2007A Kent dealer has fallen victim to a thief whose practised deception suggests he will strike again.
No special deal to save Camden Passage antiques
26 November 2007Islington Council say they have no powers to keep out clone stores